Progressive Earnings Drop -9.6% as Premium Growth Slows Down
Will Progressive's dominant position in the insurance market crumble as a key competitor closes the technological gap?
The Progressive Corporation operates as an insurance company in the United States. It writes insurance for personal autos and special lines products, including motorcycles, RVs, and watercraft; and personal residential property insurance for homeowners and renters. The company also writes auto-related liability and physical damage insurance for comprising dump trucks, log trucks, garbage trucks, tractors, trailers, straight trucks, tow trucks and wreckers, vans, pick-up trucks, and autos; business-related general liability and commercial property insurance for small businesses; and workers' compensation insurance for the transportation industry. In addition, it offers other…
| Quarter | Revenue | YoY | Net Income | EPS (dil.) | YoY | Gross Margin | Op. Margin |
|---|---|---|---|---|---|---|---|
| Q1 2026 Mar 2026 | $22.18B | +8.7% | $2.82B | $4.80 | +9.8% | — | — |
| Q4 2025 Dec 2025 | $22.74B | — | $2.95B | — | — | — | — |
| Q3 2025 Sep 2025 | $22.50B | — | $2.62B | $4.45 | +12.1% | — | — |
| Q2 2025 Jun 2025 | $22.00B | — | $3.18B | $5.40 | — | — | — |
| Q1 2025 Mar 2025 | $20.40B | — | $2.57B | $4.37 | — | — | — |
Data from Yahoo Finance. YoY compares the same quarter of the prior fiscal year.
Will Progressive's dominant position in the insurance market crumble as a key competitor closes the technological gap?