WinstonWınston
Back
Stock

The Progressive Corporation

PGR
64
Insurance - Property & Casualty · Financial Services
Also trades as: 0KOC.L GBP 2.19 (+2.01%)
Price
$218.73
+4.61 (+2.15%)
Market Cap
$127.17B
Winston Score
64
Winston is curious
A decent business — some strong pillars, some weaker.
Data as of Oct 9, 2026 · filings through Jun 30, 2026

§How the score breaks down

Quality
Good
20/30
Growth
Strong
16/20
Cash Flow
Exceptional
9/10
Stability
Exceptional
10/10
Valuation
Good
5/10
Ownership
Weak
1/15
Dividends
Good
3/5

64 of 100 counted points = Winston Score 64.

Track this stock — start free trial

§Winston Score History

The full picture

Progressive is one of the largest car insurance companies in the United States. It sells auto insurance directly to drivers — both personal and commercial — and also offers home, renters, and motorcycle insurance. It is the third-largest personal auto insurer in the country and is known for its direct-to-consumer model through its website, app, and the well-known Flo advertising campaign.

Progressive makes money by collecting insurance premiums from customers and investing those funds while paying out claims. It operates almost entirely in the United States and serves millions of individual drivers as well as businesses with vehicle fleets. Its main competitive advantage is its data-driven approach to pricing risk, which helps it price policies more accurately than many rivals. The key growth driver is continued expansion in homeowners insurance bundled with auto, but the main ongoing risk is that a spike in accident claims or repair costs can quickly squeeze profit margins.

Politician Trades

42 trades / 12mo

22 Congressional buys and 20 sells on PGR in the last 12 months.

Unlock the full Smart Money Map — every trade plotted on the price chart with politicians, amounts and returns since each trade. Founder's Deal is $57/mo locked for life.

Unlock politician trades

Growth Profile

When traditional metrics don't capture the full picture, these are the signals growth stock investors use instead.

Revenue Growth

+7.4% YoY

YoY Growth Rate

Slow revenue growth

EPS Growth

+4.8% YoY

YoY Growth Rate

Slow EPS growth

R&D Spend

$0/ year

0.0% of revenue

Below sector average (7%)

Research and development spending

Insider Activity

0.0%ownership

→ Flat

Insider ownership roughly steady over the past year

Cash Position

Cash flow positive

$96.3B cash & investments

Quarterly Free Cash Flow

↑ Burn rate improving

Company generates more cash than it spends — no dilution risk from fundraising

Growth context

The Progressive Corporation is growing revenue at 7% year-over-year. The Winston Score measures business quality today — these growth metrics show what could matter tomorrow.

The Winston Score above measures business quality today. Growth stocks often score lower because they invest in the future rather than maximising current profits. These metrics show what matters most for evaluating that future.

Share count broadly stable

+0.2% over 4y

The share count has stayed roughly flat over this period — little dilution or buyback activity.

Diluted shares outstanding: 587.1M (2021) → 588.2M (2025)

Score breakdown

Every number that matters to educated investors.

Each metric is explained in plain language so you know exactly what you're looking at. Start your free trial now.

Quality

Profit per sale
Gross Margin
25.2%
Modest — 25.2% gross margin
Profit after running costs
Operating Margin
17.8%
Healthy — 17.8% operating margin
Return on the money invested
ROCE
35.0%
Exceptional — 35.0% return on capital

ROIC above 25%. Every dollar invested in the business earns more than 25 cents back per year.

Full breakdown available with your free trial

See every metric, trend, and what it means for this stock.

Try free

Growth

Sales growth
Sales YoY
+10.5%
Steady sales growth (+10.5% YoY)
Profit growth
EPS YoY
+12.2%
Earnings growing (+12.2% YoY)

Healthy double-digit earnings growth — what compounders look like.

How steady the profit is
EPS Consistency
8/8 quarters
Every recent quarter grew earnings vs last year

Full breakdown available with your free trial

See every metric, trend, and what it means for this stock.

Try free

Cash Flow

Profit that turns into cash
Cash Conversion
143%
Turns 143% of profit into real cash
Spare cash per sale
FCF Margin
18.0%
Converts sales into free cash efficiently (18.0%)

FCF margin between 10% and 20%. Every $100 in sales becomes $10 to $20 in real cash.

Full breakdown available with your free trial

See every metric, trend, and what it means for this stock.

Try free

Stability

What it owes vs what it owns
Debt / Equity
0.25
Conservative — low debt load (0.25)
Covers its interest
Interest Cover
49.76x
Comfortably covers interest (49.8x)

Interest coverage above 8. Profits cover interest many times over.

Full breakdown available with your free trial

See every metric, trend, and what it means for this stock.

Try free

Valuation

Price vs profit
P/E Ratio (TTM)
10.9x
Attractive valuation — P/E 10.9

P/E in the normal range. Price is roughly $15 for every $1 of yearly profit.

Cheaper or dearer next year
P/E vs Forward
-1.4
SLOWING
Earnings expected to fall — forward P/E higher than today

Full breakdown available with your free trial

See every metric, trend, and what it means for this stock.

Try free

Dividends

Dividend
Dividend Yield
0.18%
Small dividend — 0.18% yield

Modest yield. The bulk of any return needs to come from price appreciation.

Dividend record
Dividend Growth
+183.7%
Dividend growing fast (183.7% YoY)

Full breakdown available with your free trial

See every metric, trend, and what it means for this stock.

Try free
🔒 See full fundamentals and if they are improving or declining — click here for your free trial now.
Start free trial