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Barchart
Kritika Sarmah

What to Expect From Progressive's Q3 2024 Earnings Report

Progressive PGR Insurance

Ohio-headquartered The Progressive Corporation (PGR) is a leading U.S. auto insurer and has been the market leader in motorcycle insurance since 1998. Valued at a market cap of $147.1 billion, Progressive targets specific markets and customer groups with tailored programs across its segments- Personal and Commercial Lines. The company is expected to announce its fiscal Q3 earnings results on Tuesday, October 15.

Ahead of the event, analysts are expecting PGR to report a profit of $3.34 per share, up 59.8% from $2.09 per share in the year-ago quarter. The company has surpassed Wall Street's bottom-line estimates in each of the past four quarters. Robust demand for its personal auto insurance policies enabled the company to exceed the consensus EPS estimate by 33.2% in the latest quarter.

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