Earnings Alerts

Progressive Corp (PGR) Earnings Highlight: March Net Premiums Earned Surge to $6.79B

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  • Progressive’s net premiums earned amounted to $6.79 billion.
  • The combined ratio increased to 90.9% from 84.3% compared to the previous year.
  • The company reported net premiums written at $9.04 billion.
  • Investor sentiment: 15 analysts suggest buying, 7 recommend holding, and 1 advises selling the stock.

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Progressive Corp on Smartkarma

Analyst coverage of Progressive Corp on Smartkarma is being highlighted by Baptista Research‘s report titled “Progressive Corporation: Leveraging Advanced Machine Vision Technology to Influence Market Position Positively!” The report discusses the company’s latest financial results, revealing robust performance and strategic advancements. CEO Tricia Griffith’s leadership has emphasized the importance of technology and operational efficiency, with a focus on people, culture, and competitive pricing achieved through technological investments in claims processes. Baptista Research aims to evaluate various factors influencing the company’s price and conducts an independent valuation using a Discounted Cash Flow (DCF) methodology.


A look at Progressive Corp Smart Scores

FactorScoreMagnitude
Value2
Dividend3
Growth4
Resilience3
Momentum5
OVERALL SMART SCORE3.4

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 the Smartkarma Smart Scores, Progressive Corp seems to have a positive long-term outlook. With a strong Momentum score of 5, the company appears to be showing consistent growth and performance in the market. This could indicate a promising future for Progressive Corp as it continues to build on its current success.

Furthermore, Progressive Corp‘s Growth score of 4 suggests that the company is positioned well for expansion and development in the coming years. Coupled with a Resilience score of 3, indicating a stable foundation, and a Dividend score of 3, which signals potential returns for investors, Progressive Corp seems to be on a solid path for sustained growth and value creation in the insurance industry.

Summary of Progressive Corp: The Progressive Corporation is an insurance holding company that offers personal and commercial automobile insurance as well as other specialty property-casualty insurance services across the United States.


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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