Progressive Corporation (PGR)

Over the past six months, Progressive's stock price has increased by 13.92%. Recent events impacting the stock include the reporting of May and April 2025 results, anticipation of improved Q2 2025 earnings, a $1 million commercial vehicle grant initiative, plans to hire over 12,000 people in 2025, the launch of new Cargo Plus Coverage, and analyst ratings with a "Moderate Buy" consensus.

Demand for Progressive's products experiences seasonality, with specialty personal lines like snowmobile insurance having seasonal usage. Progressive's "Seasonality Profile" gauges repeating annual trends. Demand for homeowners insurance is influenced by weather patterns, and the insurance industry experiences fluctuations based on economic conditions and consumer behavior. Expectations of increased premiums and higher net investment income for Q2 2025 suggest strong demand leading up to that quarter.

The Progressive Corporation is a leading American insurance holding company, ranking as the second-largest auto insurer in the United States. It operates through Personal Lines, Commercial Lines, and Other Indemnity segments, offering a range of insurance products and services. Progressive is known for its innovative offerings like the Snapshot program and has expanded into homeowners and voluntary benefits markets.

Progressive Corporation is headquartered in Mayfield, Ohio, and has multiple office locations across the United States. The company operates throughout the U.S., the District of Columbia, Bermuda, and Canada, marketing policies through independent agencies, the internet, and telephone. Progressive is expanding its geographic reach, particularly in less catastrophe-prone regions for homeowners products and previously sold car insurance in Australia.

Progressive has a strong brand reputation, recognized for innovation and customer-focused insurance solutions. Recent events affecting its reputation include the "Open the House" initiative, the introduction of Accident Response®, a partnership with DC Studios' Superman, Roamly winning a Celent 2025 Model Insurer Award, the loss of former CEO and Chairman Glenn Renwick, and ongoing litigation and exposure to catastrophic losses.

Progressive is primarily owned by institutional shareholders, holding approximately 84.81% to 88.3% of the company's stock. Individual insiders own a smaller percentage, around 0.26% to under 1%, while retail investors hold about 6.37% to 13%. Major institutional owners include The Vanguard Group, Inc. and BlackRock, Inc. Peter B. Lewis is the largest individual shareholder, although insiders have primarily been selling shares recently.