NYSE · Financial · Insurance - Property & Casualty · USA
Progressive Corp is a large cap company (market value between $10 billion and $200 billion) in the Insurance - Property & Casualty industry.
Progressive Corp is an insurance holding company offering auto coverage for individuals and businesses, homeowners and renters policies, and insurance for motorcycles and recreational vehicles throughout the United States. The company also provides general liability and commercial property coverage for small businesses, workers' compensation insurance for the transportation sector, and specialty products through agency and direct channels.
From its FY2025 annual report (Form 10-K)
Intrinsic value, DCF valuation, financial health and value investing analysis for the Progressive Corp stock.
Fairly valued: intrinsic value $213.51 per share, market price $219.11, margin of safety -2.6% (as of 2026-10-19).
Book value at 2.50x, the multiple a 34.9% return on equity justifies, blended with earnings, values the shares at $213.51; the price of $219.11 is 3% above that value.
Leak Score: 61/100 on 11 of 12 signals (Faint Leak).
17 more funds hold it; the full list is part of the paid plan.
All 45 Insurance - Property & Casualty stocks
23 more in this industry show a wider margin of safety.
PGR is fairly valued (as of the 2026-10-19 close). Book value at 2.50x, the multiple a 34.9% return on equity justifies, blended with earnings, values the shares at $213.51; the price of $219.11 is 3% above that value.
$213.51 per share (as of the 2026-10-19 close), against a market price of $219.11. That is a margin of safety of -2.6%. The value is the average of the valuation methods that apply to this company, recomputed every night after the US close.
The price needs a lower return than the bank already earns. Return on equity the price needs: 18.9%. Return on equity it earns: 34.9%.
61 out of 100, which we rate "Faint Leak", on 11 of 12 value investing signals.