Progressive Corp.

PGR · NYSE · ·

下次财报：2026年10月21日

US$210.52+0.5%9月29日收盘

1M: -3.7%
6M: +4.6%
1Y: -9.2%
5Y: +159.5%

Progressive sells auto, home, renters, recreational-vehicle and small-business insurance, and invests premiums collected before claims are paid.

Progressive Corp.（PGR）股票——这是一门好生意吗？ — InspectStocks

Progressive Corp.

PGR · NYSE · ·

下次财报：2026年10月21日

US$210.52+0.5%9月29日收盘

1M: -3.7%
6M: +4.6%
1Y: -9.2%
5Y: +159.5%

对比

Progressive sells auto, home, renters, recreational-vehicle and small-business insurance, and invests premiums collected before claims are paid.

怎么赚钱

Personal Lines insurance premiums
Commercial Lines insurance premiums
Investment income
Commissions and fees from insurance and related services1%
2025

竞争对手

BRK.BGEICO, a Berkshire Hathaway subsidiary
State Farm
ALLAllstate
A
规模
US$57B
利润率
19.0%
TRVTravelers
A
规模
US$75.8B
利润率
17.0%
Liberty Mutual
Nationwide

卖什么6

Personal auto insurance and Snapshot
Auto coverage for individuals. Snapshot is an optional program that uses driving information from a device or mobile app to help set an individual customer's rate.
Special lines vehicle insurance
Insurance for motorcycles, recreational vehicles, boats and other recreational vehicles.
Personal property insurance
Coverage for homeowners and renters, as well as manufactured homes, personal umbrella liability and flood insurance.

再显示 3 项

Commercial auto insurance
Liability and vehicle-damage coverage for business vehicles, including trucks, contractors’ vehicles, small-business autos, fleets and vehicles used for rideshare services.
Small-business property and liability insurance
Business property and general liability coverage, including a business owners’ policy that combines types of protection for small businesses.
Workers’ compensation insurance
Coverage for work-related employee injuries, offered primarily to businesses in the transportation industry.

谁在买6

Individuals buying auto insurance directly online or by phone, or through an independent insurance agent.
Motorcycle, boat and recreational-vehicle owners buying coverage directly or through agents.
Homeowners and renters buying property coverage, often alongside auto insurance.

再显示 3 项

Small businesses buying vehicle, property and liability coverage through agents or direct quoting tools.
Truck operators, transportation businesses and fleets buying commercial auto or workers’ compensation coverage through agents or specialist brokers.
Ride-hailing companies arranging commercial auto coverage for drivers using their services.

靠什么支撑，什么会击垮它

业务依赖什么

1Insurance regulators control important parts of the business, including licenses, permitted coverages, policy terms and, in some places, rates and rate changes.
2Progressive relies on independent insurance agents and brokers to sell many policies, especially personal property and commercial coverage.
3Progressive buys reinsurance to share some property catastrophe losses and certain commercial losses; it generally does not buy catastrophe-specific reinsurance for personal auto or core commercial auto.
4The company relies on its own and third-party computer systems to quote policies, handle claims and serve customers.
5Some insurance products are written by unaffiliated partner insurers, and Progressive earns commissions for referring or placing those policies.

可能出什么问题

1If Progressive misjudges claim frequency or severity, sets rates that do not cover claims and expenses, or estimates unpaid claims incorrectly, insurance results can be affected.
2Severe storms and other catastrophes can cause large property claims; losses may exceed reinsurance coverage, and reinsurance may not remain available on acceptable terms.
3A cyberattack or disruption affecting Progressive’s systems or a third-party provider could interrupt quoting, policy service or claims handling and expose customer or company information.

完整财务报表 →

与同行业相比处在什么位置

三项评分，每一项都是相对我们在Insurance Property and Casualty覆盖的 43 家公司的百分位。刻意分开而不揉成一个总分：便宜、上涨和经营得好是三件不同的事，一个数字会把它们是哪一件藏起来。

动量

14在同行业中满分 100

接近同行业底部

截至一个月前的 12 个月-5.8%

截至一个月前的 6 个月2.4%

最近一个月被刻意剔除：回报往往在 7 到 12 个月内延续，而最新的一个月往往反转。这描述的是股价已经走过的路，不说明它接下来会怎么走。

估值

36在同行业中满分 100

低于行业内多数公司

每单位价格对应的利润9.56%

每单位价格对应的现金13.03%

每单位价格对应的营收74.40%

每单位价格对应的资产24.78%

整个企业对应的经营利润—

这些是收益率，所以数值越高越便宜——亏损的公司会排在最后，而不是被剔除。便宜不等于好：高收益率往往意味着股价是有原因才跌下来的。由 5 项指标中的 4 项混合而成。

资本配置

3/3克制

3 项检验未披露

资本回报率—

股东回报率2.50%

股本数量，3 年-1.0%

净债务 / EBITDA—

内部人，12 个月-US$4.5M

管理层怎么使用这笔钱——只按财报能回答的部分计分，绝不按占总数的比例计分。

六项资本配置检验

投入资金的回报披露不足，无法计算
债务与盈利之比没有可比的盈利用来衡量债务
回馈给股东的现金每年 2.5% 用于回购和分红
三年间的股本数量三年间股本数量减少 1.0%
现金流对派付的覆盖自由现金流覆盖了派付的部分
内部人在公开市场的买入净卖出 US$4.5M——不计入扣分

这是对该公司在同行中所处位置的描述，不是投资建议。评分更新于 2026年9月30日。

关于Progressive Corp.

Progressive is an insurance group that sells coverage across the United States to individuals, households and businesses. Customers can buy directly online or by phone, or through independent insurance agents. Progressive also invests the premiums it collects and earns income from those investments.

总部: Mayfield Village, Ohio, United States
成立于: 1937
员工人数: about 70,000 (December 31, 2025, high)
上市于: NYSE
财年结束: December 31

基于 Progressive Corp. 自己向 SEC 提交的申报文件。数字如实呈报，每股历史已重述到今天的股数口径。这是对一门生意的描述——不是投资建议，也不是买卖任何证券的推荐。

怎么赚钱

Personal Lines insurance premiums
Commercial Lines insurance premiums
Investment income
Commissions and fees from insurance and related services1%
2025

竞争对手

BRK.BGEICO, a Berkshire Hathaway subsidiary
State Farm
ALLAllstate
A
规模
US$57B
利润率
19.0%
TRVTravelers
A
规模
US$75.8B
利润率
17.0%
Liberty Mutual
Nationwide

卖什么6

Personal auto insurance and Snapshot
Auto coverage for individuals. Snapshot is an optional program that uses driving information from a device or mobile app to help set an individual customer's rate.
Special lines vehicle insurance
Insurance for motorcycles, recreational vehicles, boats and other recreational vehicles.
Personal property insurance
Coverage for homeowners and renters, as well as manufactured homes, personal umbrella liability and flood insurance.

再显示 3 项

Commercial auto insurance
Liability and vehicle-damage coverage for business vehicles, including trucks, contractors’ vehicles, small-business autos, fleets and vehicles used for rideshare services.
Small-business property and liability insurance
Business property and general liability coverage, including a business owners’ policy that combines types of protection for small businesses.
Workers’ compensation insurance
Coverage for work-related employee injuries, offered primarily to businesses in the transportation industry.

谁在买6

Individuals buying auto insurance directly online or by phone, or through an independent insurance agent.
Motorcycle, boat and recreational-vehicle owners buying coverage directly or through agents.
Homeowners and renters buying property coverage, often alongside auto insurance.

再显示 3 项

Small businesses buying vehicle, property and liability coverage through agents or direct quoting tools.
Truck operators, transportation businesses and fleets buying commercial auto or workers’ compensation coverage through agents or specialist brokers.
Ride-hailing companies arranging commercial auto coverage for drivers using their services.

靠什么支撑，什么会击垮它

业务依赖什么

1Insurance regulators control important parts of the business, including licenses, permitted coverages, policy terms and, in some places, rates and rate changes.
2Progressive relies on independent insurance agents and brokers to sell many policies, especially personal property and commercial coverage.
3Progressive buys reinsurance to share some property catastrophe losses and certain commercial losses; it generally does not buy catastrophe-specific reinsurance for personal auto or core commercial auto.
4The company relies on its own and third-party computer systems to quote policies, handle claims and serve customers.
5Some insurance products are written by unaffiliated partner insurers, and Progressive earns commissions for referring or placing those policies.

可能出什么问题

1If Progressive misjudges claim frequency or severity, sets rates that do not cover claims and expenses, or estimates unpaid claims incorrectly, insurance results can be affected.
2Severe storms and other catastrophes can cause large property claims; losses may exceed reinsurance coverage, and reinsurance may not remain available on acceptable terms.
3A cyberattack or disruption affecting Progressive’s systems or a third-party provider could interrupt quoting, policy service or claims handling and expose customer or company information.

完整财务报表 →

与同行业相比处在什么位置

动量

14在同行业中满分 100

接近同行业底部

截至一个月前的 12 个月-5.8%

截至一个月前的 6 个月2.4%

最近一个月被刻意剔除：回报往往在 7 到 12 个月内延续，而最新的一个月往往反转。这描述的是股价已经走过的路，不说明它接下来会怎么走。

估值

36在同行业中满分 100

低于行业内多数公司

每单位价格对应的利润9.56%

每单位价格对应的现金13.03%

每单位价格对应的营收74.40%

每单位价格对应的资产24.78%

整个企业对应的经营利润—

资本配置

3/3克制

3 项检验未披露

资本回报率—

股东回报率2.50%

股本数量，3 年-1.0%

净债务 / EBITDA—

内部人，12 个月-US$4.5M

管理层怎么使用这笔钱——只按财报能回答的部分计分，绝不按占总数的比例计分。

六项资本配置检验

投入资金的回报披露不足，无法计算
债务与盈利之比没有可比的盈利用来衡量债务
回馈给股东的现金每年 2.5% 用于回购和分红
三年间的股本数量三年间股本数量减少 1.0%
现金流对派付的覆盖自由现金流覆盖了派付的部分
内部人在公开市场的买入净卖出 US$4.5M——不计入扣分

这是对该公司在同行中所处位置的描述，不是投资建议。评分更新于 2026年9月30日。

关于Progressive Corp.

总部: Mayfield Village, Ohio, United States
成立于: 1937
员工人数: about 70,000 (December 31, 2025, high)
上市于: NYSE
财年结束: December 31

怎么赚钱

竞争对手

卖什么6

谁在买6

靠什么支撑，什么会击垮它

业务依赖什么

可能出什么问题

与同行业相比处在什么位置

关于Progressive Corp.

怎么赚钱

竞争对手

卖什么6

谁在买6

靠什么支撑，什么会击垮它

业务依赖什么

可能出什么问题

与同行业相比处在什么位置

关于Progressive Corp.

成长与现金——5 项中通过 4 项