Progressive to report third-quarter results before market open
Progressive reports Wednesday before trading begins as analysts expect slower revenue growth and insurance stocks extend a monthly sector sell-off.
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what happened
According to stockstory.org, insurer Progressive will release its third-quarter results this Wednesday before market hours. In the previous quarter, revenue reached $23.61 billion, rising 7.3% year on year and matching analysts’ expectations. EPS and net premiums earned also came in line with estimates.
The market now expects Progressive’s revenue to increase 3.9% year on year, down from the 14.2% growth recorded in the same quarter last year. Analysts have broadly reaffirmed their estimates over the past 30 days. The company has nevertheless missed Wall Street’s revenue forecasts multiple times over the last two years.
Progressive is the first of its peers to report this season. Over the past month, stocks in the company’s peer group have fallen 4.2% on average, while Progressive’s shares were unchanged over the same period.
why it matters
Progressive’s report may provide the market’s first indication of conditions across the insurance sector this earnings season. Expected revenue growth is slowing as peer stocks have recently declined.
instruments
sources
- What To Expect From Progressive’s (PGR) Q3 Earnings — stockstory.org, 13 October 2026 at 03:02 UTC
prepared by the newsmetry newsroom with ai assistance from the sources listed below. not investment advice.
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