Progressive Corporation (The) (PGR) earnings date & stock reaction
PGR · Progressive Corporation (The) · Financials
- ▲Solid Growth in Premium Revenue
- Net premiums earned for the quarter were $21.87 billion, an increase of 5% vs last year.
- Policies in force for Personal Lines reached 39.24 million, up 6% vs last year.
- ▲Improved Underwriting Efficiency
- The combined ratio for the quarter was 88.7%, improving by 0.8 percentage points vs last year's 89.5%.
- The loss and loss adjustment expense ratio remained stable at 67.2% for the year-to-date period.
- ▲Strong Earnings and Capital Efficiency
- Net income for the quarter was $2.54 billion, demonstrating robust profitability.
- The trailing 12-month return on average common shareholders' equity reached 34.4%.
- ▼Decline in Net Income and EPS
- Year-to-date net income was $2.54 billion, down 3% vs last year's $2.62 billion.
- Diluted earnings per share were $4.37, a decrease of 2% vs last year's $4.45.
- ▼Investment Portfolio Losses
- Total net realized losses on securities were $231 million for the quarter, compared to a $138 million gain vs last year.
- Net unrealized losses on fixed-maturity securities reached $3.46 billion, indicating increased asset volatility.
- ▼Slowdown in Commercial Lines
- Net premiums earned in the Commercial Lines segment declined by 2% vs last year on a year-to-date basis.
Price after the latest report
Progressive Corporation (The) (PGR) rose the day after earnings in 5 of its last 12 reports (42%), moving ±1.0% on average. It has fallen despite beating the consensus estimate 4 times.
Even when EPS beat expectations, the stock fell 4 of the last 9 times. The number alone doesn't move it.
When results drop, check the metric above vs last quarter and whether guidance beats expectations.
The real bar for this stock
Beating estimates isn't enough. Here's where the real surprise started.
How this stock reacts to earnings
Traits seen across its recent earnings reactions
Earnings number vs guidance: which drives it?
How often the beat/miss matched the actual price move
4/9 beats fell next day · watches Combined ratio
- Sep 2026 report+1.2%
- Jun 2026 report-0.5%
- Mar 2026 report-0.0%
- Dec 2025 report-0.1%
- Sep 2025 report-1.1%
- Jun 2025 report+0.2%
Earnings timeline · bars = next-day move, ▲▼ = beat/miss
Earnings trend · last 12 quarters
Earnings history and price reaction
| Quarter ended | Reported (ET) | vs market expectation (consensus) | Earnings day | After 5 days |
|---|---|---|---|---|
| 9/2026 | 2026-10-13 | +4.2% | +1.2% | — |
| 6/2026 | 2026-08-03 | +0.3% | -0.5% | +1.9% |
| 3/2026 | 2026-05-04 | +1.6% | -0.0% | -2.7% |
| 12/2025 | 2026-03-02 | +5.3% | -0.1% | -1.4% |
| 9/2025 | 2025-11-03 | -19.7% | -1.1% | +5.5% |
| 6/2025 | 2025-08-04 | +10.0% | +0.2% | +2.3% |
12 reports, quarters ending 12/2023 to 9/2026. The earnings-day move is the first trading day that reflects the report; the five-day figure is the cumulative move from that point.
Frequently asked questions
When is the next Progressive Corporation (The) earnings date?
The next Progressive Corporation (The) (PGR) earnings report is expected Wed, January 13 (estimated). This is an estimate based on past reporting dates, not a confirmed date.
Does Progressive Corporation (The) (PGR) stock usually go up after earnings?
Over the last 12 earnings reports, the stock rose on 5 of them (42%). The average move on earnings day was ±1.0%.
Does Progressive Corporation (The) react more to the earnings numbers or to guidance?
In 4 of the last 12 reports (33%), the stock moved the opposite way from whether it beat or missed the forecast. A high share means guidance and expectations drive the move more than the reported numbers.
Can Progressive Corporation (The) stock fall even when earnings are good?
Yes. In 6 of the last 12 reports, Progressive Corporation (The) fell on the earnings day despite growing EPS. Expectations already priced in, or guidance, can matter more than the reported numbers.
Does Progressive Corporation (The) stock keep moving after the earnings day?
Over the last 11 reports, the move continued in the same direction for the following five trading days 36% of the time. This tendency is known as post-earnings announcement drift.