Progressive (PGR) Q1 Earnings: Taking a Look at Key Metrics Versus Estimates

For the quarter ended March 2025, Progressive (PGR) reported revenue of $20.62 billion, up 20.7% over the same period last year. EPS came in at $4.65, compared to $3.73 in the year-ago quarter.The reported revenue represents a surprise of +1.24% over the Zacks Consensus Estimate of $20.37 billion. With the consensus EPS estimate being $4.72, the EPS surprise was -1.48%.While investors closely watch year-over-year changes in headline numbers -- revenue and earnings -- and how they compare to Wall Street expectations to determine their next course of action, some key metrics always provide a better insight into a company's underlying performance.Since these metrics play a crucial role in driving the top- and bottom-line numbers, comparing them with the year-ago numbers and what analysts estimated about them helps investors better project a stock's price performance.Here is how Progressive performed in the just reported quarter in terms of the metrics most widely monitored and projected by Wall Street analysts: Companywide Total - Expense ratio: 20.2% versus 20.4% estimated by seven analysts on average. Companywide Total - Combined ratio: 86% compared to the 86.3% average estimate based on seven analysts. Companywide Total - Loss/LAE ratio: 65.8% compared to the 65.4% average estimate based on seven analysts. Property Business - Combined ratio: 87.2% versus 89.1% estimated by six analysts on average. Service revenues: $111 million compared to the $107.08 million average estimate based on seven analysts. The reported number represents a change of +31.8% year over year. Net premiums earned: $19.41 billion versus $19.17 billion estimated by seven analysts on average. Compared to the year-ago quarter, this number represents a +20.2% change. Investment income: $814 million versus $794.73 million estimated by seven analysts on average. Compared to the year-ago quarter, this number represents a +31.8% change. Fees and other revenues: $287 million versus the six-analyst average estimate of $291.13 million. The reported number represents a year-over-year change of +21.4%. Net premiums earned- Personal Lines- Direct: $8.91 billion versus $8.75 billion estimated by six analysts on average. Compared to the year-ago quarter, this number represents a +26.9% change. Net premiums earned- Commercial Lines: $2.70 billion compared to the $2.67 billion average estimate based on six analysts. The reported number represents a change of +5.5% year over year. Net premiums earned- Personal Lines- Agency: $7.03 billion versus the six-analyst average estimate of $6.93 billion. The reported number represents a year-over-year change of +19.9%. Net premiums earned- Personal lines: $16.71 billion versus the six-analyst average estimate of $15.68 billion. The reported number represents a year-over-year change of +29.8%. View all Key Company Metrics for Progressive here>>>Shares of Progressive have returned -2.5% over the past month versus the Zacks S&P 500 composite's -4.2% change. The stock currently has a Zacks Rank #2 (Buy), indicating that it could outperform the broader market in the near term.Zacks Names #1 Semiconductor StockIt's only 1/9,000th the size of NVIDIA which skyrocketed more than +800% since we recommended it. NVIDIA is still strong, but our new top chip stock has much more room to boom.With strong earnings growth and an expanding customer base, it's positioned to feed the rampant demand for Artificial Intelligence, Machine Learning, and Internet of Things. Global semiconductor manufacturing is projected to explode from $452 billion in 2021 to $803 billion by 2028.See This Stock Now for Free >>Want the latest recommendations from Zacks Investment Research? Today, you can download 7 Best Stocks for the Next 30 Days. Click to get this free report The Progressive Corporation (PGR): Free Stock Analysis ReportThis article originally published on Zacks Investment Research (zacks.com).Zacks Investment ResearchWeiter zum vollständigen Artikel bei Zacks Weiter zum vollständigen Artikel bei Zacks