Progressive Corp stock: Valuation at 11.15 times earnings tops Allstate's 4.99

Published on 10/21/2026 at 15:41 | Editorial responsibility: Rafael Müller, Editor-in-Chief AD HOC NEWS

Progressive had 40.49 million policies on September 30, 2026. Progressive Corp stock costs EUR 197.88 on October 21, 2026 at 3:33 p.m. CEST.

Valuation and operating figures

Progressive stock carries a valuation of 11.15 times earnings as of October 21, 2026.
Third-quarter net premiums earned rose 5.00 percent to USD 21.87 billion on October 14, 2026.
Progressive Corp stock costs EUR 197.88 at Lang & Schwarz on October 21, 2026 at 3:33 p.m. CEST.

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Progressive Corp stock carries a valuation of 11.15 times trailing earnings as of October 21, 2026, above Allstate's 4.99 times. At Lang & Schwarz, the stock was trading at EUR 197.88 on October 21, 2026 at 3:33 p.m. CEST.

Progressive reported third-quarter results on October 14, 2026. Net premiums earned rose 5.00 percent year over year to USD 21.87 billion, while net income fell 3.00 percent to USD 2.54 billion.

Policies expand while profit softens

The operating split was mixed. Policies in force reached 40.49 million on September 30, 2026, up 6.00 percent from 38.08 million one year earlier. The combined ratio improved to 88.70 from 89.50, a 0.80-point reduction that indicates lower claims and expenses relative to premiums.

The SEC filing identifies the reporting period as the quarter ended September 30, 2026 and confirms Progressive's New York Stock Exchange listing under ticker PGR.

What does the valuation show?

The multiple places Progressive above Allstate but near Travelers. As of October 21, 2026, Allstate traded at USD 249.43 with a 4.99 times earnings multiple and a USD 63.1 billion market capitalization. Travelers traded at USD 395.03 with a 10.34 times multiple and an USD 82.4 billion market capitalization. Progressive's market capitalization was USD 128.9 billion.

Next date and market position

MarketScreener reported on October 19, 2026 that UBS raised its Progressive target from USD 234.00 to USD 238.00 while maintaining a Neutral rating. The next reported earnings date is November 3, 2026.

Price stays below the yearly high

Progressive's USD 189.20 to USD 239.38 52-week range places the current primary-market quote below its high and above its low. The German euro indication remains the relevant price for investors trading through Lang & Schwarz in Berlin time.

Progressive Corp was trading at EUR 197.88 at Lang & Schwarz on October 21, 2026 at 3:33 p.m. CEST. The further course of trading is shown by the continuously updated real-time quote of Progressive Corp stock.