- Progressive’s net premiums written amounted to $6.18 billion in April.
- The combined ratio achieved by the company stood at 89%.
- Net premiums earned by Progressive in April totaled to $5.58 billion.
- There were 12 instances of buying, 9 holds, and 1 instance of sell in the company’s stock.
A look at Progressive Corp Smart Scores
| Factor | Score | Magnitude |
|---|---|---|
| Value | 2 | |
| Dividend | 2 | |
| Growth | 3 | |
| Resilience | 3 | |
| Momentum | 5 | |
| OVERALL SMART SCORE | 3.0 |
Smart Score is a compound score for the Company indicating its overall outlook. It is derived by taking an equally weighted average of underlying Factor scores computed by Smartkarma
Based on Smartkarma Smart Scores, Progressive Corp shows promising potential in the long term. With strong momentum and resilience scores of 5 and 3 respectively, the company demonstrates a robust ability to adapt to market changes and maintain steady growth. The growth score of 3 further indicates positive prospects for expansion. While the value and dividend scores are moderate at 2, Progressive Corp‘s overall outlook appears solid, positioning the insurance holding company favorably for sustained success.
The Progressive Corporation, known for providing personal and commercial automobile insurance along with specialty property-casualty insurance in the United States, seems well-equipped to navigate future challenges and capitalize on growth opportunities. With a balanced mix of strong momentum, resilience, and growth factors, Progressive Corp‘s strategic positioning within the insurance sector is poised to drive continued success in the long run.
Disclaimer: This article by Smartkarma is general in nature and based on historical data and analyst forecasts only using an unbiased methodology and our articles are not intended to be financial advice. It does not constitute a recommendation to buy or sell any stock, and does not take account of your objectives, or your financial situation. Note that our articles may not factor in the latest price-sensitive company announcements or qualitative material.
While all reasonable care has been taken in the preparation, Smartkarma makes no assurance about the accuracy of any generated data or content. All content is indicative only and should be independently checked for accuracy and confirmed before use. Smartkarma accepts no responsibility for any loss or damage caused as a result of any inaccuracy or error within the Lab online tools or generated data.
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