Progressive

PGR

Market cap $133B

Insurance sector mainstay Progressive (PGR -5.84%) wasn't feeling like a safe investment on Wednesday. Investors sold out of the stock to leave it with a nearly 6% price decline on the day, following the company's latest quarterly earnings release.

Shares of a large grain processor took off as cooking oil became the latest sticking point in the strained trade relationship between the U.S. and China. A number of major financial firms benefitted from strong earnings reports, though soft quarterly results dragged down shares of an insurance giant.

The Progressive Corporation's PGR third-quarter 2025 earnings per share of $4.05 missed the Zacks Consensus Estimate by 20.3%. Operating revenues of $22.2 billion missed the Zacks Consensus Estimate by 0.6%.

Progressive Corp (NYSE:PGR) shares fell nearly 8% to $221.97 in late-morning trading on Wednesday after the insurance company reported third quarter 2025 earnings that fell short of Wall Street expectations.  Progressive's earnings per share for the quarter came in at $4.45, up from $3.97 a year earlier but missed the analyst consensus estimate by $0.85.

The Progressive Corporation reported a significant Q3 earnings miss due to a $950 million one-time Florida policyholder credit, despite solid underlying fundamentals. The Florida charge, driven by statutory profit caps, amplifies concerns that PGR's underwriting margins have peaked and may face further pressure from increased competition. PGR continues to grow policy count and maintain strong underwriting, but premium inflation is decelerating and normalized margins are likely to decline modestly.

Progressive (PGR) came out with quarterly earnings of $4.05 per share, missing the Zacks Consensus Estimate of $5.08 per share. This compares to earnings of $3.58 per share a year ago.

Progressive posts weaker-than-expected earnings for the third quarter due to a policy change in Florida.

Progressive Corp reported a rise in third-quarter profit on Wednesday, helped by strong demand for its auto insurance policies.

MAYFIELD VILLAGE, OHIO, Oct. 15, 2025 (GLOBE NEWSWIRE) -- The Progressive Corporation (NYSE:PGR) today reported the following results for the month and quarter ended September 30, 2025:

Progressive (PGR) possesses solid growth attributes, which could help it handily outperform the market.