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The Progressive Corporation The Progressive Corporation

The Progressive Corporation

PGR
Rank in Stocks #169
The Progressive Corporation, an insurance holding company, provides personal... The Progressive Corporation, an insurance holding company, provides personal and commercial auto, personal residential and commercial property, general liability, and other specialty property-casualty insurance products and related services in the United States. It operates in three segments: Personal Lines, Commercial Lines, and Property. The Personal Lines segment writes insurance for personal autos and recreational vehicles (RV). This segment's products include personal auto insurance; and special lines products, including insurance for motorcycles, ATVs, RVs, watercrafts, snowmobiles, and related products. The Commercial Lines segment provides auto-related primary liability and physical damage insurance, and business-related general liability and property insurance for autos, vans, pick-up trucks, and dump trucks used by small businesses; tractors, trailers, and straight trucks primarily used by regional general freight and expeditor-type businesses, and long-haul operators; dump trucks, log trucks, and garbage trucks used by dirt, sand and gravel, logging, and coal-type businesses; and tow trucks and wreckers used in towing services and gas/service station businesses; as well as non-fleet and airport taxis, and black-car services. The Property segment writes residential property insurance for homeowners, other property owners, and renters, as well as offers personal umbrella insurance, and primary and excess flood insurance. The company also offers policy issuance and claims adjusting services; and acts as an agent to homeowner general liability, workers' compensation insurance, and other products. In addition, it provides reinsurance services. The company sells its products through independent insurance agencies, as well as directly on Internet through mobile devices, and over the phone. The Progressive Corporation was founded in 1937 and is headquartered in Mayfield, Ohio.
Share Price
$213.83
Market Cap
$124.32B
Change (1 day)
3.26%
Change (1 year)
-14.50%
Country
US
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P/E ratio for The Progressive Corporation (PGR)
P/E ratio as of July 2026 TTM: 11.49
According to The Progressive Corporation latest financial reports and stock price the company's current price-to-earnings ratio (TTM) is 11.49. At the end of 2024 the company had a P/E ratio of 16.54.
P/E ratio history for The Progressive Corporation from 2000 to 2026
P/E ratio at the end of each year
Year P/E Ratio Change
2026 (TTM) 11.49 -12.89%
2025 13.19 -20.28%
2024 16.54 -30.69%
2023 23.87 -77.26%
2022 104.99 486.36%
2021 17.91 76.61%
2020 10.14 -4.75%
2019 10.64 -20.77%
2018 13.43 -34.61%
2017 20.54 2.57%
2016 20.03 36.36%
2015 14.69 18.04%
2014 12.44 -11.24%
2013 14.02 -0.63%
2012 14.11 16.14%
2011 12.15 -0.73%
2010 12.24 7.87%
2009 11.34 -108.03%
2008 -141.33 -1,327.82%
2007 11.51 1.12%
2006 11.38 -31.02%
2005 16.50 50.62%
2004 10.96 -24.12%
2003 14.44 -11.38%
2002 16.29 -39.05%
2001 26.73 -83.76%
2000 164.63 0.00%
P/E ratio for similar companies or competitors
Company P/E Ratio P/E Ratio Difference Country
12.16 5.84%
CH
15.11 31.55%
JP
9.48 -17.53%
JP
9.87 -14.11%
US
5.45 -52.53%
US
How to read a P/E ratio?

The Price/Earnings ratio measures the relationship between a company's stock price and its earnings per share.
A low but positive P/E ratio stands for a company that is generating high earnings compared to its current valuation and might be undervalued. A company with a high negative (near 0) P/E ratio stands for a company that is generating heavy losses compared to its current valuation.

Companies with a P/E ratio over 30 or a negative one are generaly seen as "growth stocks" meaning that investors typically expect the company to grow or to become profitable in the future.

Companies with a positive P/E ratio bellow 10 are generally seen as "value stocks" meaning that the company is already very profitable and unlikely to strong growth in the future.