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PGRProgressive Corporation (The)
Progressive Corporation (The)
PGRHow can you trade Progressive Corporation (The)? Progressive Corporation (The) (PGR) is publicly listed. On CoinUnited, eligible users can trade a PGR stock CFD — price exposure that tracks the share price. It is a price CFD, not equity (no shareholder voting; dividends reflected as an adjustment) — with extended / 24-hour trading and leverage, from US$100. Access terms vary by jurisdiction and product eligibility.
Key facts & how to trade
Access & Tradability Comparison
A CoinUnited stock CFD vs holding the underlying shares — how, when, and in what form you get exposure. The stock price is everywhere; this comparison is the differentiator.
| Terms | CoinUnited (CFD) | Holding shares (exchange) |
|---|---|---|
| Product form | Stock CFD (price exposure) | Equity ownership |
| Trading hours | Extended / 24h (by product) | Exchange regular hours |
| Leverage | Available (by product terms) | None / margin account needed |
| Shareholder rights | None (no voting; dividends as adjustment) | Voting + dividends |
| Access | Eligible users, by region + product | Brokerage account required |
*Access and minimum vary by jurisdiction and product eligibility.
Nøkkelfakta
De mest siterte opplysningene om dette selskapet, hver med sin kilde - hurtigreferansen for lesere og AI-svarmotorer.
Primærkilde: Wikidata
| Grunnlagt | 1937 |
|---|---|
| Hovedkontor | Mayfield |
| Bransje | vehicle insurance |
| Noteringsstatus | Børsnotert: PGRExchange |
| Markedsverdi | $127B (as of 2026-08-30)CoinUnited reference x SEC shares |
| P/E | ~11.4CoinUnited reference / SEC annual EPS |
| 52-ukers intervall | $189.28 – $249.76CoinUnited daily kline |
| Neste rapport | 2026-11-02Finnhub |
| CoinUnited-produkt | Aksje-CFD - kun priseksponering, ikke aksjer (ingen stemmerett; utbytte gjenspeiles som justeringer); giring er tilgjengelig, utvidede handelstider / 24 t.CoinUnited product terms |
Pris & Markedsstruktur
Company & financials
What Is Progressive Corporation (PGR)?
TL;DR
Progressive Corporation is a leading U.S. personal auto insurer with a $125 billion market cap, posting mid-single-digit premium growth in 2026 while handling near-term earnings pressure and a share price that has pulled back from its 52-week peak.
Progressive Corporation is a Mayfield Village, Ohio-based property-casualty insurer founded in 1937 and listed on the New York Stock Exchange under the ticker PGR. It ranks among the largest U.S. personal lines insurers by equity value, with operations spanning personal auto insurance, homeowners coverage, and commercial lines, most notably small commercial vehicle policies.
Personal auto insurance is the company's dominant revenue driver. Homeowners coverage is offered principally through a bundling strategy that packages auto and home policies together, commonly referred to internally as the Robinsons segment. The commercial lines business focuses on vehicles used by small businesses.
This multi-segment structure gives Progressive a diversified premium base while keeping personal auto at the centre of its underwriting activity. Investors tracking the broader general financial services and insurance sector will recognise Progressive as a structural bellwether for U.S. personal lines pricing trends.
Scale and Market Position
As of the August 7, 2026 close, Progressive carried a market capitalisation of approximately $125.19 billion, reflecting its position as one of the largest U.S. property-casualty insurers by equity value.
During August 2026, the stock's implied market capitalisation ranged between roughly $118.6 billion and $129.1 billion across multiple trading sessions, consistent with the share price fluctuations recorded over that period.
The company's diluted share count stood at approximately 582.9 million shares as of July 2026.
Revenue and Earnings Snapshot
Progressive reports monthly premium results, which offers an unusually granular view of its underwriting momentum. The table below summarises key July 2026 figures:
| Metric | July 2026 Value | Year-over-Year Change |
|---|---|---|
| Net premiums written | $7.441 billion | +5% |
| Net premiums earned | $7.355 billion | +5% |
| Net income | $961 million | -12% |
| Diluted EPS | $1.65 | -11% |
| Pretax net realised investment loss | -$47 million | , |
The 5% premium growth reflects a combination of rate increases and policy count expansion. The year-over-year decline in net income and diluted EPS points to elevated claims severity and investment market headwinds, including the pretax realised investment loss of $47 million recorded in July 2026.
For the most recent reported quarter in 2026, Progressive generated $23.61 billion in revenue and $5.67 in earnings per share, with revenue up approximately 5% year over year. For the first half of 2026, the company earned approximately $6.129 billion, according to its 2026 Form 10-Q, which references the 2025 Annual Report to Shareholders and Form 10-K for fuller context.
Significance for Traders
Progressive's low beta of 0.27 indicates that the stock has historically moved with considerably less volatility than the broader equity market. The consensus analyst rating as of August 2026 is Hold, with an average price target of $236.05. The stock's 52-week range of $189.20 to $254.93 illustrates the price corridor within which it has traded over the past year.
For traders monitoring the 2026 Stocks Market Outlook, Progressive's monthly premium disclosures and quarterly earnings reports provide timely data points on consumer demand for auto insurance, claims inflation, and the trajectory of personal lines pricing, factors that carry broader implications for the property-casualty insurance segment.
Sist oppdatert: 2026-08-29
Nøkkelinnsikter
- Progressive's core strength is disciplined underwriting in personal auto: its ability to price risk accurately and adjust rates quickly differentiates it from legacy peers and supports sustained premium growth even in adverse loss environments.
- July 2026 data confirms the two-speed dynamic defining PGR in this cycle, net premiums written grew 5% year-over-year to $7.441 billion, while net income fell 12% to $961 million, illustrating that top-line momentum and margin pressure can coexist for extended periods.
- At an average analyst price target of $236.05 against a market price near $222, the consensus Hold rating reflects a balanced view: the franchise quality is not disputed, but near-term earnings volatility and valuation relative to historical multiples constrain upgrade conviction.
- PGR's 12-month return of -12.64% as of early August 2026 contrasts sharply with its multi-year outperformance record, creating a case study in mean-reversion risk for high-quality compounders that trade at premium valuations.
- The stock's 52-week range of $189.20 to $254.93, a spread of roughly 35%, signals that PGR exhibits meaningful price volatility for an investment-grade insurance franchise, a factor traders must account for in position sizing under leverage.
Key Financials
Audited · SEC filingsReported figures from the company’s latest SEC filings — each linked to its source filing and period.
Quarterly revenue
~ Q4 is not filed as a standalone quarter — it is the annual 10-K figure minus the three filed quarters.
Figures are from the company’s audited SEC filings; each carries its filing source and period. Not investment advice.
PGR's Competitive Position in U.S. Personal Auto Insurance
Progressive has transitioned from the second-largest U.S. personal auto insurer to the outright market leader by direct premiums written, a shift that AM Best and Progressive's own management described as one of the most significant competitive realignments in the personal auto market in decades.
Market Share Trajectory
The pace of Progressive's share gains over the past two years is measurable and striking. According to AM Best, Progressive's U.S. private passenger auto market share rose from 15.8% in 2023 to 19.8% in 2024, a gain of 4.0 percentage points.
By mid-2026, AM Best reported that Progressive and State Farm each held approximately 18.6% of the U.S. private passenger auto market, with Progressive's share up 1.9 percentage points year-over-year, effectively tying the long-dominant State Farm on a market-wide basis.
The segment-level data reinforces this picture. In the U.S. private passenger auto no-fault segment, AM Best recorded the following 2025 direct premiums written:
| Carrier | 2025 DPW | Year-over-Year Change |
|---|---|---|
| Progressive | $3.81 billion | +6.8% |
| State Farm | $2.85 billion | -2.1% |
| Allstate | $1.74 billion | -6.9% |
These figures capture the asymmetry in competitive momentum: Progressive expanded while both principal rivals contracted in this segment.
On the Q2 2026 earnings call, Progressive management noted that the company captured approximately 75% of total U.S. personal auto industry premium growth in 2025, a concentration of industry volume that reflects how decisively Progressive outpaced the market during the post-hard-market recovery phase.
As of July 2026, net premiums written across Progressive's personal lines totalled $7.441 billion for the month, up 5% year-over-year, consistent with continued share accumulation.
Structural Competitive Advantages
Three structural factors support Progressive's position.
Telematics and usage-based pricing. Progressive's Snapshot programme collects individual driving behaviour data and translates it into personalised rates. This capability allows Progressive to price risk at a granularity that traditional actuarial models cannot match, attracting lower-risk drivers while avoiding adverse selection.
Direct-to-consumer distribution. Progressive operates both a direct channel and an agency channel. As of July 31, 2026, direct auto policies in force stood at 16.8 million, up 9% year-over-year, while agency auto policies in force totalled 11.28 million, up 7%.
The direct channel reduces acquisition costs and improves pricing responsiveness, since there is no intermediary to slow the transmission of rate changes to new business.
Actuarial pricing speed. Progressive's proprietary pricing infrastructure allows faster rate adjustments when loss trends shift. During the 2022–2024 hard market, when many carriers paused new business writings or withdrew from certain states, Progressive's ability to re-price rapidly and remain open to new policyholders positioned it to absorb volume that competitors shed.
Underwriting Profitability vs. Peers
Progressive's combined ratio has been a sustained differentiator. Its stated operating objective is a combined ratio at or below 96%. The July 2026 combined ratio came in at 86.8%, up from 85.3% a year earlier but still approximately 9 percentage points below the company's own target, and well below industry norms.
Comparable disaggregated personal auto combined ratios for Allstate and State Farm are not available from the sources underlying this analysis, but the DPW trends above are directionally consistent with weaker underwriting performance at both peers during the same period.
Valuation and Analyst Positioning
At a market capitalisation near $125 billion, Progressive commands a premium equity valuation relative to most listed insurance peers.
This premium reflects a multi-year track record of superior combined ratios and consistent share gains, characteristics that the broader 2026 Stocks Market Outlook identifies as defining attributes of high-quality franchise businesses.
However, premium valuations create sensitivity on the downside: when earnings disappoint, as seen in the July 2026 net income decline of 12% year-over-year, the stock can reprice sharply, since investors who paid for quality expect consistency.
The consensus analyst rating as of August 2026 is Hold, with an average price target of $236.05. This target is directionally constructive relative to recent trading levels but does not imply sufficient upside to catalyse aggressive institutional accumulation.
The Hold profile is characteristic of a high-quality, well-recognised franchise in a mature industry: the competitive advantages are widely understood and, in large part, already reflected in the valuation.
The primary variable for incremental price movement is whether Progressive can sustain its combined ratio discipline and share-gain trajectory as market conditions normalise and competitors rebuild capacity.
Why Trade PGR? Price Drivers, Catalysts, and Risk Factors
Progressive Corporation's share price is shaped by a set of interacting forces, underwriting profitability, claims cost trends, investment portfolio returns, and valuation dynamics, that create both catalyst and risk on a monthly cycle.
As of August 2026, these forces are pulling in opposing directions, which is precisely what makes PGR a specific instrument for traders monitoring the 2026 Stocks Market Outlook.
Primary Price Driver: Premium Growth and Underwriting Discipline
The most closely watched fundamental driver is Progressive's ability to grow earned premium faster than claims costs. As of the first seven months of 2026, net premiums written reached $52.16 billion, with July 2026 alone contributing $7.441 billion, a 5% year-over-year increase.
The combined ratio, which measures underwriting costs as a percentage of earned premium, stood at 86.9% year-to-date and 86.8% for July 2026 specifically. Both figures sit nearly nine points inside Progressive's own long-term structural target of approximately 96%, indicating that the business is generating a meaningful underwriting margin above its self-defined threshold.
However, the growth rate is decelerating. Personal lines policies in force grew 8% year-over-year in Q2 2026, compared with 16% in the prior-year period. A narrowing growth rate in policies written is an early signal that the current auto rate cycle may be maturing, and traders tracking PGR as a pure premium-growth story should weigh this deceleration against still-strong absolute profitability.
Secondary Driver: Property Segment Turnaround
The property book has undergone a material rehabilitation. The property combined ratio, which peaked above 115% in 2021, fell to 98.3% in 2024, 75.1% in 2025, and 78.1% in the first half of 2026. Management's plan to move most insurance entities to a 3.5-to-1 premium-to-surplus ratio by end-2026 reflects confidence in the segment's structural improvement.
A benign catastrophe season would reinforce this trend; an active one would reverse it quickly, making weather and natural catastrophe data a live catalyst for the stock.
Earnings Volatility: Claims Severity and Investment Losses
July 2026 net income fell 12% year-over-year to $961 million, and diluted EPS declined 11% to $1.65, even as premiums grew 5%. Two forces drove this divergence. First, claims severity: the combined ratio deteriorated 1.5 points year-over-year to 86.8%, indicating that loss costs rose faster than premium expansion in the month.
Second, investment portfolio performance: Progressive recorded a pretax net realised investment loss of -$47 million in July 2026, which reduced reported earnings independent of underwriting results. Equity and fixed-income market conditions therefore affect PGR's reported EPS even in quarters where the insurance operation itself is performing well.
The table below summarises the earnings-quality divergence in July 2026:
| Metric | July 2026 | YoY Change |
|---|---|---|
| Net premiums written | $7.441 billion | +5% |
| Net income | $961 million | -12% |
| Diluted EPS | $1.65 | -11% |
| Combined ratio | 86.8% | +1.5 pts |
| Pretax realised investment loss | -$47 million | , |
Top-line growth and bottom-line contraction occurring simultaneously is a pattern that creates ambiguity for investors and can produce elevated share price volatility around monthly and quarterly result dates.
Valuation and Analyst Consensus
As of early August 2026, PGR carries a year-to-date return of -5.44% and a 12-month return of -12.64%, against a 52-week high near $254.93. The stock has underperformed relative to its recent historical compounding, consistent with a period of multiple compression as earnings growth decelerates from peak rates.
As of August 24, 2026, 23 equity analysts cover PGR with an average 12-month price target of $236.05 and a target range of $200 to $308. At recent trading levels near $222, the consensus implies roughly 7-8% potential upside to the average target, a modest figure for a stock that has historically attracted premium valuations.
The overall analyst rating is Hold, signalling that consensus views the stock as fairly valued rather than deeply discounted.
BMO Capital, for example, carries a Market Perform rating with a $205 price target, reflecting a more cautious position within the analyst distribution.
Key Risk Factors
Several risks can work against a long position in PGR's current cycle:
- -Claims severity acceleration: If auto repair costs, medical costs, or litigation expenses rise faster than earned premium rate increases, the combined ratio will widen and compress underwriting margins.
- -Catastrophe exposure: The property segment's improvement is partly a function of recent benign weather. A severe catastrophe season would reverse the property combined ratio improvement rapidly.
- -Interest rate sensitivity: Lower interest rates reduce the yield available on Progressive's fixed-income portfolio, compressing investment income and increasing the risk of additional realised losses.
- -Growth deceleration and multiple compression: A stock trading at a premium to book value is exposed to re-rating risk when growth slows. The move from 16% to 8% policy growth in consecutive annual periods illustrates the pace at which this deceleration can occur.
- -Monthly result volatility: Progressive's practice of publishing monthly results means that negative data points, elevated loss ratios, catastrophe charges, can move the stock before quarterly earnings reports, compressing the time horizon for position management.
Traders accessing PGR via the general stocks sector on CoinUnited should note that the instrument is a CFD providing price exposure and carries no shareholder rights or dividend entitlement.
Trading follows a scheduled session aligned with U.S. equity market hours and is closed at weekends and on market holidays; the applicable session and holiday calendar are shown on the platform before execution. Trading fees apply and are tiered by 30-day contract volume, the full schedule is available at coinunited.io/en/account/trading-fees.
Valuation & peers
Peer Valuation Comparison
How this stock trades versus comparable listed companies on trailing valuation multiples.
| Company | Market cap | P/E | P/S |
|---|---|---|---|
| Progressive Corporation (The) · PGR | $127.1B | 10.9x | 1.4x |
| Bank of America Corporation · BAC | $442.3B | 14.1x | 2.3x |
| The Toronto-Dominion Bank · TD | $204.9B | 18.0x | 2.5x |
| UBS Group AG · UBS | $180.0B | 18.5x | 2.9x |
| Banco Bilbao Vizcaya Argentaria, S.A. · BBVA | $160.2B | 13.0x | 3.4x |
| Chubb Limited · CB | $131.1B | 11.9x | 2.1x |
Third-party ratios (FMP), trailing twelve months. Multiples vary by data window; a negative or absent P/E means the company is loss-making. Not investment advice.
Analyst Price Targets
HoldWall Street sell-side analysts’ consensus 12-month price target and rating for this stock.
Targets by firm
Latest target from each of the 13 firms whose call was reported in the past 180 days. Each row links to the report.
| Firm | Target | vs current |
|---|---|---|
| UBS2026-08-27 · TheFly | $234.00 | +6.9% |
| Roth Capital2026-08-20 · TheFly | $245.00 | +12.0% |
| Goldman Sachs2026-08-19 · StreetInsider | $230.00 | +5.1% |
| Jefferies2026-08-19 · StreetInsider | $228.00 | +4.2% |
| Cantor Fitzgerald2026-08-17 · TheFly | $200.00 | -8.6% |
| Mizuho Securities2026-08-05 · TheFly | $236.00 | +7.9% |
| Morgan Stanley2026-07-24 · StreetInsider | $210.00 | -4.0% |
| BMO Capital2026-07-16 · TheFly | $205.00 | -6.3% |
| Wells Fargo2026-07-16 · TheFly | $198.00 | -9.5% |
| Evercore ISI2026-07-10 · TheFly | $240.00 | +9.7% |
| HSBC2026-07-06 · TheFly | $221.00 | +1.0% |
| RBC Capital2026-05-22 · StreetInsider | $208.00 | -4.9% |
| Barclays2026-03-18 · StreetInsider | $247.00 | +12.9% |
Source: aggregated sell-side analyst consensus · as of 2026-08-30. These are third-party analyst opinions — not CoinUnited’s view, not a price prediction, and not investment advice.
Scenario calculator
Pick a third-party reference level and see what it implies at leverage. Reference levels only - not a CoinUnited forecast.
Simplified: excludes fees, funding and slippage. Reference levels are third-party marks (CoinUnited daily kline; aggregated sell-side analyst targets), not forecasts. Leverage magnifies losses as much as gains - at high leverage a small adverse move liquidates the position. Not investment advice.
Catalysts & news
Catalyst Timeline
Dated third-party developments that move the stock — newest first, each classified bullish or bearish and linked to its source.
- 2026-11-02Next quarterly earnings◆ ScheduledNext scheduled quarterly earnings report (2026-11-02). Revenue, margins and guidance are the near-term driver; the outcome is not known in advance.Finnhub
- 2026-07-15Net income rises to $3.3B▲ Bullish- The company's net income rose to $3.3 billion, or $5.67 per share, during the quarter, from $3.2 billion, or $5.40 per share, a year earlier.
- 2026-01-28Progressive Q4 earnings up 25%▲ Bullish28Reuters) Progressive (GR.N) announced a 25% increase in its fourth-quarter earnings on Wednesday, fueled by strong demand for personal auto insurance products.
- 2025-07-16Progressive Q2 profits more than double▲ BullishOn July 16, Progressive Corp (PGR.N) announced that its profits for the second quarter more than doubled, thanks to strong results in its personal lines insurance sector, resulting in a 1.5% increase in its stock price.
Machine-readable table — same developments, with source
Recent third-party developments classified bullish / bearish for the stock; verbatim, sourced.
| Date | Development | Direction | Source |
|---|---|---|---|
| 2026-11-02 | Next scheduled quarterly earnings report (2026-11-02). Revenue, margins and guidance are the near-term driver; the outcome is not known in advance. | ◆ Scheduled | Finnhub |
| 2026-07-15 | - The company's net income rose to $3.3 billion, or $5.67 per share, during the quarter, from $3.2 billion, or $5.40 per share, a year earlier. | ▲ Bullish | Reuters |
| 2026-01-28 | 28Reuters) Progressive (GR.N) announced a 25% increase in its fourth-quarter earnings on Wednesday, fueled by strong demand for personal auto insurance products. | ▲ Bullish | Reuters |
| 2025-07-16 | On July 16, Progressive Corp (PGR.N) announced that its profits for the second quarter more than doubled, thanks to strong results in its personal lines insurance sector, resulting in a 1.5% increase in its stock price. | ▲ Bullish | Reuters |
Viktige punkter
- •Progressive's core strength is disciplined underwriting in personal auto: its ability to price risk accurately and adjust rates quickly differentiates it from legacy peers and supports sustained premium growth even in adverse loss environments.
- •July 2026 data confirms the two-speed dynamic defining PGR in this cycle, net premiums written grew 5% year-over-year to $7.441 billion, while net income fell 12% to $961 million, illustrating that top-line momentum and margin pressure can coexist for extended periods.
- •At an average analyst price target of $236.05 against a market price near $222, the consensus Hold rating reflects a balanced view: the franchise quality is not disputed, but near-term earnings volatility and valuation relative to historical multiples constrain upgrade conviction.
- •PGR's 12-month return of -12.64% as of early August 2026 contrasts sharply with its multi-year outperformance record, creating a case study in mean-reversion risk for high-quality compounders that trade at premium valuations.
- •The stock's 52-week range of $189.20 to $254.93, a spread of roughly 35%, signals that PGR exhibits meaningful price volatility for an investment-grade insurance franchise, a factor traders must account for in position sizing under leverage.
Ownership
Top Institutional Holders
SEC 13FThe largest institutional shareholders, from SEC Form 13F filings — who holds the stock and how much.
| Institution | Shares | Value | % of shares |
|---|---|---|---|
| BlackRock, Inc. | 52.3M | $10.4B | 9.00% |
| Vanguard Capital Management LLC | 38.1M | $7.6B | 6.55% |
| State Street Corp. | 25.9M | $5.1B | 4.45% |
| Capital Research Global Investors | 22.6M | $4.5B | 3.88% |
| Geode Capital Management, LLC | 16.3M | $3.2B | 2.80% |
| Capital World Investors | 14.2M | $2.8B | 2.44% |
| Bank of America Corp. | 12.9M | $2.6B | 2.21% |
| JPMorgan Chase & Co. | 12.1M | $2.4B | 2.09% |
| Massachusetts Financial Services Co. | 12.1M | $2.4B | 2.08% |
| Vanguard Portfolio Management LLC | 11.7M | $2.3B | 2.01% |
Source: SEC Form 13F filings · 1751 institutional holders · as of 31-MAR-2026. 13F data is quarterly and lagged (filed ~45 days after quarter-end) and covers US institutional managers (>$100M AUM) only — not insiders, retail, or foreign holders. Not investment advice.
How to trade it
Handelsregime Status
How the PGR CFD works
Before you trade, understand exactly what you get, what you don't, and where the risk sits.
Price exposure to the PGR reference (a synthetic CFD) that tracks the CoinUnited reference up and down.
It is not equity: no shares, no voting rights; dividends are reflected as an adjustment, not paid to you.
The CoinUnited reference tracks the share price but can differ from the exchange price; extended-hours liquidity is thinner.
Trading conditions on CoinUnited
Fee schedule as of 2026-08-19| Product type | CFD | Synthetic price exposure. You do not hold the underlying asset. |
|---|---|---|
| Trading fee | 0.070% | Per side, at the standard tier. Falls with 30-day volume and reaches 0.000% at VIP 9. |
| Trading hours | Market session | Follows the market session and is closed at weekends and on market holidays. |
| Maximum leverage | 1000x | Availability and the maximum depend on product, jurisdiction and account eligibility. Leverage amplifies losses and positions can be liquidated. |
| Direction | Long or short | Take a position in either direction. A short position profits when the price falls and loses when it rises. |
| Funding | Crypto deposit | Fund and withdraw in crypto. No bank transfer or card is required. |
Trading PGR CFDs on CoinUnited.io
A PGR CFD on CoinUnited.io provides leveraged price exposure to Progressive Corporation's share price without conferring any shareholding, voting rights, or entitlement to dividends. The position tracks the underlying market price and settles in crypto.
Traders gain or lose based on price movement in the underlying stock; they do not own shares and have no claim on Progressive's assets or distributions.
What the CFD Structure Means in Practice
CFDs allow a trader to control a larger notional position with a smaller amount of capital by using margin. As Investopedia explains, leverage magnifies both gains and losses in direct proportion to the multiple applied.
A trader opening a PGR CFD position on CoinUnited.io is expressing a directional view on Progressive's share price; the instrument's value rises and falls with that price, and P&L is settled in crypto rather than USD equity.
Accounts on CoinUnited.io are funded and withdrawn in crypto, so no traditional bank account is required. The session and holiday calendar for PGR are displayed on the platform before any order is placed.
Session Structure and Weekend Gap Risk
The PGR CFD follows U.S. equity market hours. It is closed at weekends and observes U.S. market holidays. This session structure introduces gap risk that is absent from instruments traded continuously.
Gap risk is the possibility that the next opening price differs materially from the prior close. For a personal lines insurer such as Progressive, the categories of event most likely to produce a significant gap include: a large catastrophe loss announcement, a regulatory ruling affecting premium rates, a monthly premium release that departs sharply from expectations, or a broad macro shock.
Any of these can occur when U.S. equity markets are closed. When they do, the next opening price may reflect a sudden recalibration that bypasses any stop-loss order placed at the prior close.
Investopedia notes that stop-loss orders do not guarantee execution at the trigger price when a stock gaps past the stop level; orders may fill at the next available price. The Balance similarly observes that gap openings can result in execution well away from the intended stop, with the difference representing uncontrolled loss.
This is a structural feature of session-traded instruments, not an edge case.
Earnings and Monthly Data Releases
Earnings seasons and Progressive's monthly premium releases are the highest-risk windows for PGR CFD holders. Progressive's 52-week range ran from $189.20 to $254.93 as of August 2026, a span of approximately 35%. That range indicates the stock is capable of single-session moves of several percent around data releases, and those moves are amplified proportionally under leverage.
The personal auto insurance sector adds a further layer of earnings variability.
As of August 2026, U.S. auto insurance rates had shifted from a 46% cumulative surge between 2022 and 2024 to a period of easing premiums, with the average full-coverage premium declining roughly 6% in 2025 and rates continuing to soften into 2026, according to Insurify's 2026 auto insurance report as summarised by InsuranceBusinessMag.
Morgan Stanley noted in August 2026 that U.S. auto insurance rates fell 0.2% in July and are expected to remain under pressure through 2026. Shifting pricing cycles alter premium growth expectations quickly, making each monthly release a potential catalyst.
SimplyWall.St analyses of comparable personal auto insurers highlighted that catastrophe risk, legal volatility, and regulatory uncertainty leave earnings structurally exposed, which can translate into sharper price reactions around quarterly results.
The Balance advises that many risk-management guidelines suggest reducing position size or leverage around major announcements precisely because stop-loss protection is unreliable during gap openings.
Leverage Mechanics and Worked Example
The maximum leverage available on the PGR CFD is 1000x, subject to product, jurisdiction, and account eligibility.
This figure is a product specification; availability depends on the factors above, and the practical implication is that leverage amplifies both gains and losses in exact proportion to the multiple applied, with positions subject to liquidation if margin is insufficient to cover adverse moves.
The table below illustrates how leverage scales both exposure and risk:
| Margin Deposited | Leverage | Notional Exposure | 1% Adverse Move | Loss as % of Margin |
|---|---|---|---|---|
| $100 | 10x | $1,000 | $10 | 10% |
| $100 | 50x | $5,000 | $50 | 50% |
| $100 | 100x | $10,000 | $100 | 100% (liquidation) |
Worked example at 100x (below the 1000x ceiling, chosen to illustrate liquidation arithmetic clearly):
- -Margin posted: $200
- -Leverage applied: 100x
- -Notional exposure: $200 × 100 = $20,000
- -A 1% adverse move in PGR's price: $20,000 × 0.01 = $200 loss
- -Result: the full margin is consumed; the position reaches liquidation threshold
At higher multiples, the percentage move required to exhaust margin narrows further. Given PGR's 52-week range implies intraday moves of several percent are possible, particularly around monthly releases, a position sized at the leverage ceiling without commensurate margin can be liquidated in a single session.
CoinUnited.io charges a trading fee on this instrument. The rate is not zero at the standard tier and varies by 30-day contract volume across nine VIP levels. The live fee schedule is available at https://coinunited.io/en/account/trading-fees and is rendered on the order page before placement.
Fee costs compound across multiple trades and should be factored into any position-sizing calculation.
Position Sizing Discipline
Leverage ceiling and position size are separate decisions. The Balance and Investopedia both note that position size should reflect the maximum loss a trader is prepared to absorb, not the maximum exposure the platform permits.
A widely referenced framework suggests limiting risk per trade to approximately 1–2% of account equity. The position size can then be derived as:
Position size = (Maximum loss per trade) ÷ (Entry price − Stop-loss price)
The result is then adjusted for the leverage multiple and the notional value of the instrument. For PGR, the relevant inputs include the stock's demonstrated 52-week volatility range of approximately 35% and the heightened risk around monthly data releases and quarterly earnings. Position sizing must reflect this historical volatility, not only the leverage ceiling.
Traders researching broader U.S. equity positioning in the context of the 2026 Stocks Market Outlook will find additional macro context relevant to sizing decisions across single-stock CFD exposures, including the interest rate and credit environment that affects insurer investment income.
Klar til å handle PGR?
Opptil 1000x giring
Understand the risks
Trading Risks
An honest, up-front list of the risks — both out of respect for the trader and as a YMYL compliance requirement.
High leverage means a small adverse move can trigger forced liquidation and loss of your full margin.
A high P/E stock is very sensitive to interest-rate and narrative shifts; swings can be large.
After-hours and weekend gaps; extended-hours liquidity is thinner than the regular session.
The CFD reference price can diverge from the exchange execution price.
Price swings widen around earnings dates and other scheduled disclosures.
Recalls, policy changes, or company-specific events can cause sharp moves.
Reference
Ofte stilte spørsmål
Progressive Corporation is one of the largest personal lines property-casualty insurers in the United States, primarily writing auto insurance for individuals and commercial vehicles. The company operates through two main segments: Personal Lines, which covers private passenger automobiles and motorcycles, and Commercial Lines, which insures business-use vehicles. Progressive also offers homeowners and other specialty insurance products, typically through agency partnerships. Founded in 1937 and headquartered in Mayfield Village, Ohio, Progressive is known for its direct-to-consumer distribution model, usage-based insurance programs, and claims service infrastructure. Its Snapshot telematics program, which adjusts premiums based on driving behavior, has been a distinguishing feature of its product portfolio. The company distributes policies both directly to consumers and through independent agents. Traders accessing PGR exposure on CoinUnited do so via a CFD, which tracks the underlying share price. This instrument confers no shareholding, voting rights, or entitlement to dividends, it is purely price exposure. The session follows a scheduled calendar; trading hours and market holidays are displayed on the platform before any position is opened.
Ordliste
Sentrale begreper for børsnoterte aksjer og CFD-er, ett per linje, slik at siden blir entydig både for lesere og for AI-svarmotorer.
| Aksje-CFD | En differansekontrakt på en aksjekurs: kun priseksponering, ikke eierskap til de underliggende aksjene. |
|---|---|
| Utvidede handelstider | Handel før åpning og etter stenging, utenfor børsens ordinære sesjon. |
| Basisrisiko | Risikoen for at CFD-ens referansepris og børsens sluttpris ikke beveger seg i takt. |
| P/E | Pris/fortjeneste = aksjekurs / fortjeneste per aksje; et vanlig verdsettelsesmål. |
| Bruttomargin | Bruttofortjeneste / inntekter; gjenspeiler lønnsomheten på produktnivå. |
| Fortjeneste per aksje | Fortjeneste per aksje = nettoresultat / utvannet antall utestående aksjer. |
Source Map
Every figure on this page traces to a primary or named third-party source. "As of" dates the source; "last checked" dates our most recent read of it.
Every figure here is also published as machine-readable data, and re-checked on a schedule so a stale one shows up as stale. View the raw data
| Field | Value | Source | As of | Last checked | |
|---|---|---|---|---|---|
| Reference price | live | CoinUnited stock CFD reference (live) | — | — | — |
| Market cap | $127B | CoinUnited reference x SEC shares | 2026-08-30 | 2026-08-30 | — |
| P/E | ~11.4 | CoinUnited reference / SEC annual EPS | — | 2026-08-30 | — |
| 52-week range | $189.28 – $249.76 | CoinUnited daily kline | — | 2026-08-30 | — |
| Next earnings | 2026-11-02 | Finnhub | — | 2026-08-30 | — |
| Quarterly revenue | $23.61B | SEC 10-Q | Q2 2026 | 2026-08-30 | View |
| Net income | $3.31B | SEC 10-Q | Q2 2026 | 2026-08-30 | View |
| Diluted EPS | $5.67 | SEC 10-Q | Q2 2026 | 2026-08-30 | View |
| Institutional ownership | 10 top holders | SEC Form 13F | 31-MAR-2026 | 2026-08-30 | View |
| Analyst price targets | $225.79 consensus | Aggregated sell-side analyst consensus | 2026-08-30 | 2026-08-30 | — |
| Peer valuations | 6 peers | Third-party ratios (FMP), trailing twelve months | 2026-08-30 | 2026-08-30 | — |
| Founded | 1937 | Wikidata | — | 2026-08-30 | — |
| Headquarters | Mayfield | Wikidata | — | 2026-08-30 | — |
| Industry | vehicle insurance | Wikidata | — | 2026-08-30 | — |
| CoinUnited product | Stock CFD — price exposure, not equity (no voting; dividends reflected as adjustment); leverage available, extended/24h | CoinUnited product terms | — | 2026-08-30 | — |
Ansvarsfraskrivelser og referanser
Viktig risikoansvarsfraskrivelse
A CoinUnited stock CFD gives price exposure to Progressive Corporation (The) only, not equity ownership: no shareholder voting rights, no dividends, and no settlement in the underlying share.
Leverage magnifies losses as well as gains, and a position can be liquidated long before the underlying share price recovers. The underlying listing trades on exchange hours, so the reference price can gap between sessions.
Brukere bør gjennomføre egen research og rådføre seg med kvalifiserte finansielle eksperter før de tar investeringsbeslutninger. Skaperne og operatørene av denne plattformen påtar seg intet ansvar for eventuelle finansielle tap eller andre skader som kan oppstå ved å stole på den oppgitte informasjonen.
Leveraged trading is extremely risky and you may lose your entire deposit.
Metodikkoversikt
Figures on this page are compiled from primary and named third-party sources, not produced by a forecasting model. Each one carries its source and date in the Source Map above.
- Financial statements: the company’s own SEC filings (10-K / 10-Q), read from XBRL
- Market data: the CoinUnited reference price and daily closes
- Institutional ownership: SEC Form 13F quarterly filings
- Analyst targets: aggregated third-party sell-side coverage — third-party opinion, not CoinUnited’s view
- Peer multiples: third-party trailing-twelve-month ratios
CoinUnited does not publish a price forecast or target for Progressive Corporation (The).
Siste metodikkgjennomgang:
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PGR
Progressive Corporation (The)
Live from CoinUnited.io




