Progressive Corp (PGR · NYSE)

Progressive shares have slid 8.3% over three months to $210.31, with the stock down 6.0% in the past month despite beating estimates in three of its last four quarters. August results showed net premiums written up 6% year over year to $7.605 billion, but net income fell 22% to $951 million as the combined ratio deteriorated, and UBS maintained a Neutral rating with a $234 target. The quarter ended 2026-06-30 showed revenue of $23.62 billion and net income of $3.31 billion, up from $22.18 billion and $2.82 billion the prior quarter, with trailing-twelve-month revenue at $91.02 billion. The company carries a P/E of 10.55, ROE of 34.9%, and low leverage at 0.5x debt/EBITDA, while the stock sits 10.3% below its 52-week high with an RSI of 35.