Progressive falls after Q3 profit declines and policy growth slows

The Progressive

14/10/2026 15:15

** Shares of insurer Progressive PGR.N fall 9.3% to $202.1
** PGR reports Q3 net income of $2.5 bln, or $4.37 per share, vs $2.62 bln, or $4.45 per share, a year earlier
** Company-wide policies-in-force growth slowed to 6% in September from 7% in June
** PGR is one of the worst performers on the benchmark S&P 500 index .SPX on Wednesday
** Eight of 27 brokerages rate the stock "buy" or higher, 18 "hold" and one "sell"; median PT is $230
** Including session's move, stock down 11.3% YTD, compared with a 13.3% increase in the S&P 500 index 

 (Reporting by Anand Gopal in Bengaluru)
 ((AnandGopal.R@thomsonreuters.com))