Progressive Corp stock trades at USD 213.24 ahead of results

Published on 10/07/2026 at 15:59 | Editorial responsibility: Rafael Müller, Editor-in-Chief AD HOC NEWS

Progressive Corp stock heads toward October 14 results after August premiums rose 6 percent year over year. August net income fell 22 percent to USD 951 million.

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Progressive Corp (ISIN US7433151039) was trading at USD 213.24 on the NYSE on October 7, 2026 at 9:58 a.m. ET, up 0.56 percent from the prior close. The insurer is scheduled to report September 2026 results on October 14, 2026, according to Simply Wall St.

August premiums grew 6 percent

In its September 18, 2026 release, Progressive reported August 2026 net premiums written of USD 7.605 billion, up 6 percent from USD 7.199 billion in August 2025. Net premiums earned reached USD 7.354 billion, a 5 percent increase from USD 7.036 billion a year earlier.

The growth came with weaker underwriting profitability. Progressive reported August net income of USD 951 million, down 22 percent from USD 1.220 billion, while earnings per share available to common shareholders fell 21 percent to USD 1.63 from USD 2.07.

Profitability adds a counterweight

The combined ratio rose to 89.3 in August 2026 from 83.1 in August 2025, a 6.2-point deterioration, according to Progressive. At the same time, policies in force increased 7 percent to 40.492 million from 37.890 million, showing that customer growth continued even as the monthly earnings contribution weakened.

That split gives the October results a clear test: policy expansion must translate into premium growth without a renewed deterioration in claims economics. For investors, the combined ratio is therefore as important as the top-line increase.

Analyst targets stay above the stock

MarketBeat reported on October 5, 2026 that JPMorgan raised its Progressive price target from USD 241 to USD 250 while maintaining a neutral rating. The new target lies 17.2 percent above the October 7 price.

The same MarketBeat report lists a Hold consensus based on seven Buy, thirteen Hold and two Sell ratings, with an average price target of USD 235.37. That consensus target lies 10.4 percent above the NYSE price, leaving the October report as the next test for the valuation gap.

Progressive Corp stock holds above USD 213

Progressive Corp stock was last at USD 213.24 on the NYSE on October 7, 2026 at 9:58 a.m. ET. The session range was USD 211.73 to USD 214.23, while the 52-week range stood at USD 189.20 to USD 245.64.