The Progressive Corporation, an insurance holding company, provides personal and commercial auto, personal residential and commercial property, business related general liability, and other specialty property-casualty insurance products and related services in the United States. It operates in three segments: Personal Lines, Commercial Lines, and Property. The Personal Lines segment writes insurance for personal autos and recreational vehicles (RV). This segment's products include personal auto insurance; and special lines products, including insurance for motorcycles, ATVs, RVs, watercrafts, snowmobiles, and related products. The Commercial Lines segment provides auto-related liability and physical damage insurance, and business-related general liability and property insurance for autos, vans, and pick-up trucks used by small businesses, as well as non-fleet taxis, black-car services, and airport taxis; tractors, trailers, and straight trucks primarily used by regional general freight and expeditor-type businesses, and long-haul operators; dump trucks used by light contractors and heavy constructions; log trucks and garbage trucks used by dirt, sand and gravel, logging, garbage/debris removal, and coal-type businesses; and tow trucks and wreckers used in towing services and gas/service station businesses. The Property segment writes residential property insurance for homeowners, other property owners, and renters, as well as offers manufactured homes, personal umbrella insurance, and primary and excess flood insurance. The company offers policy issuance and claims adjusting services; acts as an agent to homeowners, general liability, workers' compensation insurance, and other products; and reinsurance services. It sells its products through independent insurance agencies, as well as through mobile applications and over the phone. The Progressive Corporation was founded in 1937 and is headquartered in Mayfield Village, Ohio.

Progressive Corporation (The)

Arch Capital Group Ltd. ACGL reported third-quarter 2025 operating income of $2.77 per share, which beat the Zacks Consensus Estimate by 26.5%. The bottom line increased 39.2% year over year.
The quarterly results of ACGL benefited from higher premiums at its Insurance segment, improved net investment income and a not-so-active cat environment.
Behind the Headlines
Gross premiums written declined 0.6% year over year to $5.4 billion.
Net premiums written declined 2.1% year over year to $4 billion on higher premiums written in its Insurance segment.
Pre-tax net investment income increased 2.3% year over year to $408 million. The uptick was driven by growth in average invested assets, due in part to strong operating cash flows. The Zacks Consensus Estimate was pegged at $413.5 million. Our estimate was $416.4 million.
Operating revenues of $4.7 billion rose 7.8% year over year, driven by higher net premiums earned, net investment income and other income. However, revenues missed the Zacks Consensus Estimate by 0.6%.
Arch Capital Group Ltd. Price, Consensus and EPS Surprise
Pre-tax current accident year catastrophic losses for the company’s insurance and reinsurance segments, net of reinsurance and reinstatement premiums, were $72 million.
Arch Capital’s underwriting income increased 61.9% year over year to $871 million. The combined ratio, the percentage of premiums paid out as claims and expenses, improved 680 basis points (bps) to 79.8. The Zacks Consensus Estimate was pegged at 84.
Segmental Results
Insurance: Gross premiums written increased 9.7% year over year to $2.6 billion. Net premiums written climbed 7.3% year over year to $2 billion, primarily reflecting business related to the MCE Acquisition. Our estimate was $1.9 billion.
Underwriting income of $129 million was 7.5% higher than the year-ago number. Our estimate was $199.9 million.
The combined ratio deteriorated 30 bps to 93.4. The Zacks Consensus Estimate was pegged at 94.5.
Reinsurance: Gross premiums written declined 9% year over year to $2.5 billion. Net premiums written declined 10.7% year over year to $1.7 billion, primarily due to the impact of two transactions in the year-ago quarter in the specialty line of business and the lower level of reinstatement premiums in the reported quarter. Our estimate was $2.2 billion.
Underwriting income was $482 million, up 223.5% year over year. The combined ratio improved 1620 bps year over year to 76.1. The Zacks Consensus Estimate was pegged at 81.57.
Mortgage: Gross premiums written dipped 2.7% year over year to $330 million. Net premiums written decreased 2.8% year over year to $274 million and reflected lower U.S. monthly and single premium volume. Our estimate was $271.3 million.
Underwriting income decreased 3.3% year over year to $260 million. The combined ratio deteriorated 130 bps to 13.5. The Zacks Consensus Estimate was pegged at 23.22.
Financial Update
Arch Capital exited the quarter with cash of $1.1 billion, which increased 8.6% from 2024-end. Debt was $2.7 billion as of Sept. 30, 2025, which remained unchanged from the end of 2024.
As of Sept. 30, 2025, the book value per share was $62.32, up 17.3% from the 2024-end level.
Annualized operating return on average common equity expanded 70 bps year over year to 18.5%. Cash from operations of $2.2 billion increased 8.3% year over year.
ACGL repurchased $732 million worth of shares in the third quarter of 2025.
Zacks Rank
ACGL currently carries a Zacks Rank #3 (Hold). You can see the complete list of today’s Zacks #1 Rank (Strong Buy) stocks here.
Performance of Other Insurers
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%. However, the bottom line increased 13.1% year over year while the top line increased 12.7%.
Net premiums written were $21.3 billion in the quarter, up 10% from $19.5 billion a year ago. Net premiums earned grew 14% to $20.8 billion, missing the Zacks Consensus Estimate of $21.1 billion.
The Travelers Companies TRV reported third-quarter 2025 core income of $8.14 per share, which beat the Zacks Consensus Estimate by 35.4%. The bottom line increased 55% year over year. Travelers’ total revenues increased 5% from the year-ago quarter to $12.44 billion, primarily driven by higher premiums, net investment income, fee income and other revenues. The top-line figure beat the Zacks Consensus Estimate by 0.7%.
Net written premiums increased 1% year over year to a record $11.47 billion. The underwriting gain doubled year over year to $1.4 billion. The consolidated underlying combined ratio of 83.9 improved 170 bps year over year. The combined ratio improved 590 bps year over year to 87.3 due to lower catastrophe losses and an improvement in the underlying combined ratio, partially offset by lower net favorable prior year reserve development.
W.R. Berkley Corporation's WRB third-quarter 2025 operating income of $1.10 per share beat the Zacks Consensus Estimate of $1.03 per share by 2.8%. The bottom line increased 18.3% year over year. Operating revenues came in at $3.6 billion, up 8.2% year over year, on the back of higher net premiums earned as well as improved net investment income and higher insurance service fees. The top line beat the consensus estimate by 0.4%.
W.R. Berkley’s net premiums written were $3.4 billion, up 5.5% year over year. Our estimate was $3.3 billion. The consolidated combined ratio (a measure of underwriting profitability) remained flat year over year at 90.9. The Zacks Consensus Estimate was pegged at 89.6.
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Arch Capital Q3 Earnings Beat, Revenues Miss Estimates

Cincinnati Financial Corporation CINF reported third-quarter 2025 operating income of $2.85 per share, which surpassed the Zacks Consensus Estimate by 41.8%. The bottom line increased 100.7% year over year.
The quarterly results of CINF were aided by premium growth initiatives, price increases and higher interest income from fixed-maturity securities.
Operational Update
Total operating revenues in the quarter under review were $2.9 billion, which improved 12.1% year over year. This improvement was driven by higher earned premiums, investment income and other revenues. The top line beat the consensus mark by 0.8%.
Cincinnati Financial Corporation Price, Consensus and EPS Surprise
Cincinnati Financial Corporation price-consensus-eps-surprise-chart | Cincinnati Financial Corporation Quote
Net written premiums climbed 9% year over year to $2.5 billion, driven by premium growth initiatives, price increases and a higher level of insured exposures, as well as contributions to growth from Cincinnati Re and Cincinnati Global.
Investment income, net of expenses, increased 14% year over year to $295 million and was higher than our estimate of $291.6 million. It was due to an increase in interest income from fixed-maturity securities and an increase in equity portfolio dividends. The Zacks Consensus Estimate was pegged at $300.3 million.
Total benefits and expenses of Cincinnati Financial increased 14.5% year over year to $2.3 billion, primarily due to higher underwriting, acquisition and insurance expenses. Our estimate was $2.5 billion.
In its property & casualty (P&C) insurance business, CINF witnessed an underwriting income of $293 million, which increased nearly fivefold from the year-ago period. The combined ratio, a measure of underwriting profitability, improved 920 basis points (bps) year over year to 88.2. Our estimate was pinned at 98.
Quarterly Segment Update
Commercial Lines Insurance: Total revenues of $1.2 billion increased 8% year over year, driven by an 8% rise in premiums earned. Our estimate was $1.3 billion and the Zacks Consensus Estimate was $1.2 billion.
Underwriting income was $111 million, which jumped nearly 37% year over year. The combined ratio improved 190 bps year over year to 91.9. Our estimate was pegged at 92.7.
Personal Lines Insurance: Total revenues of $839 million increased 23% year over year on account of a 24% rise in premiums earned. Our estimate was $900.9 million, while the Zacks Consensus Estimate was pegged at $852.6 million.
The company reported an underwriting profit of $99 million against an underwriting loss of $22 million incurred in the year-earlier period. The combined ratio improved 2210 bps year over year to 88.2.
Excess and Surplus Lines Insurance: Total revenues of $157 million grew 11% year over year, aided by 11% higher earned premiums. Our estimate was $168.7 million, while the Zacks Consensus Estimate was pegged at $178.8 million.
Underwriting profit jumped 138% year over year to $19 million. Our estimate was pinned at $14.2 million. The combined ratio improved 550 bps year over year to 98.8. Our estimate was 92.1.
Life Insurance: Total revenues were $135 million, up 5% year over year. The Zacks Consensus Estimate was pegged at $95.1 million. Our estimate was $83.5 million.
Total benefits and expenses decreased 4% year over year to $99 million due to lower contract holders’ benefits incurred and lower underwriting expenses incurred.
Financial Update
As of Sept. 30, 2025, Cincinnati Financial had total assets worth $40.6 billion, up 11.1% from the level at the end of 2024.
Total debt was $815 million as of Sept. 30, 2025, which remained unchanged from the 2024-end level.
The company’s debt-to-capital ratio was 5% as of Sept. 30, 2025, which improved 50 bps from the end of 2024.
As of Sept. 30, 2025, CINF’s book value per share was $98.76, up 12% from 2024-end.
Zacks Rank
CINF currently carries a Zacks Rank #3 (Hold). You can see the complete list of today’s Zacks #1 Rank (Strong Buy) stocks here.
Performance of Other Insurers
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%. However, the bottom line increased 13.1% year over year while the top line increased 12.7%.
Net premiums written were $21.3 billion in the quarter, up 10% from $19.5 billion a year ago. Net premiums earned grew 14% to $20.8 billion, missing the Zacks Consensus Estimate of $21.1 billion.
The Travelers Companies TRV reported third-quarter 2025 core income of $8.14 per share, which beat the Zacks Consensus Estimate by 35.4%. The bottom line increased 55% year over year. Travelers’ total revenues increased 5% from the year-ago quarter to $12.44 billion, primarily driven by higher premiums, net investment income, fee income and other revenues. The top-line figure beat the Zacks Consensus Estimate by 0.7%.
Net written premiums increased 1% year over year to a record $11.47 billion. The underwriting gain doubled year over year to $1.4 billion. The consolidated underlying combined ratio of 83.9 improved 170 bps year over year. The combined ratio improved 590 bps year over year to 87.3 due to lower catastrophe losses and an improvement in the underlying combined ratio, partially offset by lower net favorable prior year reserve development.
W.R. Berkley Corporation's WRB third-quarter 2025 operating income of $1.10 per share beat the Zacks Consensus Estimate of $1.03 per share by 2.8%. The bottom line increased 18.3% year over year. Operating revenues came in at $3.6 billion, up 8.2% year over year, on the back of higher net premiums earned as well as improved net investment income and higher insurance service fees. The top line beat the consensus estimate by 0.4%.
W.R. Berkley’s net premiums written were $3.4 billion, up 5.5% year over year. Our estimate was $3.3 billion. The consolidated combined ratio (a measure of underwriting profitability) remained flat year over year at 90.9. The Zacks Consensus Estimate was pegged at 89.6.
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Cincinnati Financial Q3 Earnings and Revenues Top, Premiums Rise Y/Y

Shares of Berkshire Hathaway Inc. (BRK.B) closed at $492.10 on Friday, a 9.2% discount to its 52-week high of $542.07, after having gained 8.6% year to date. Shares outperformed the industry but underperformed the Finance sector as well as the Zacks S&P 500 composite index in the same time frame.
Berkshire Hathaway is a conglomerate with more than 90 subsidiaries engaged in diverse business activities. This provides it stability in various economic cycles.
BRK.B is now trending below its 50-day simple moving average (SMA), indicating the possibility of a downside ahead.
BRK.B vs Industry, Sector S&P 500
Image Source: Zacks Investment Research
Shares of BRK.B’s peers, Chubb Limited CB and The Progressive Corporation PGR, have gained 1.6% each year to date.
Chubb, a premier global provider of property and casualty insurance and reinsurance, is targeting growth in the middle-market segment across both domestic and international markets. Chubb is enhancing its core package solutions and expanding its specialty insurance portfolio. With focused strategic initiatives, Chubb seeks sustainable growth and stronger competitive positioning.
Progressive, one of the top auto insurers in the United States, is well-positioned to sustain profitability through its strong market presence, broad product offerings and disciplined underwriting. Progressive is advancing its strategy by promoting bundled auto insurance, limiting exposure to high-risk properties, and enhancing segmentation with targeted, innovative solutions. With this approach, Progressive continues to strengthen its competitive edge.
BRK.B Shares Are Expensive
The stock is overvalued compared with its industry. It is currently trading at a price-to-book multiple of 1.58, higher than the industry average of 1.53.
Image Source: Zacks Investment Research
Berkshire is relatively cheap compared to Progressive but expensive compared to Chubb.
Average Target Price for BRK.B Suggests Upside
Based on short-term price targets offered by four analysts, the Zacks average price target is $536.75 per share. The average suggests a potential 9.5% upside from the last closing price.
Factors to Note for BRK.B Stock
Berkshire Hathaway’s insurance operations, which contribute roughly a quarter of total revenues, continue to lead its business model. This segment remains a key driver of long-term growth, supported by disciplined underwriting practices, an extensive market presence, and a demonstrated ability to perform well even under challenging economic conditions.
A solid insurance operation is complemented by its other divisions. Berkshire Hathaway Energy (BHE), the company’s regulated utility arm, delivers steady cash flows and continues to expand its renewable energy portfolio—aligning with global electrification and sustainability goals. Within the same division, Burlington Northern Santa Fe (BNSF), Berkshire’s rail subsidiary, plays a critical strategic role in U.S. freight transportation. Although BNSF currently faces headwinds from an unfavorable freight mix and lower fuel surcharge revenues, the business remains a strong long-term asset supported by consistent utility demand and infrastructure importance.
The Manufacturing, Service, and Retail segment adds cyclical upside potential. It is positioned to benefit from a stronger economic backdrop and rising consumer spending, which together support higher sales and profit margins.
Financially, Berkshire maintains one of the most conservative capital allocations. It holds over $100 billion—about 90% of its cash equivalents—in short-term U.S. Treasuries and other government-backed securities. At a time of elevated interest rate, while its investment income has strengthened, the Federal Reserve’s shift toward rate cuts should sustain liquidity and returns. This prudent stance enables Berkshire to act swiftly on acquisition opportunities while maintaining a stable yield profile.
Berkshire has also been actively reshaping its equity portfolio—exiting BYD, trimming Apple and Bank of America holdings and increasing investments in Japanese trading houses like Mitsubishi and Mitsui. These moves emphasize management’s focus on stable, cash-generating assets that support future share buybacks and reinvestment.
Finally, Berkshire’s expanding insurance float—rising from $114 billion in 2017 to $174 billion by mid-2025—continues to provide low-cost capital, fueling investments in durable, high-return assets and reinforcing its strong balance sheet and shareholder value creation.
Berkshire Hathaway’s Return on Capital
Return on equity (“ROE”) in the trailing 12 months was 7%, underperforming the industry average of 7.7%. Return on equity, a key profitability measure, reflects how effectively a company utilizes its shareholders’ funds. It is noteworthy that though BRK.B’s ROE lags the industry average, the metric has been improving consistently.
The same holds true for return on invested capital (ROIC), which has increased every year since 2020. This reflects BRK.B’s efficiency in utilizing funds to generate income. However, ROIC in the trailing 12 months was 5.6%, lower than the industry average of 5.9%.
Mixed Analyst Sentiment
The Zacks Consensus Estimate for 2025 earnings implies a 7.7% year-over-year decrease, while the same for 2026 suggests a 1.9% increase. The expected long-term earnings growth rate is pegged at 7%, in line with the industry average.
Image Source: Zacks Investment Research
The consensus estimate for 2025 earnings has moved up 0.3% in the past 30 days, while that for 2026 witnessed no movement in the same time.
Parting Thoughts on BRK.B Shares
Berkshire Hathaway has long added strength and stability to investors’ portfolios, delivering consistent shareholder value for nearly six decades under Warren Buffett’s leadership.
The attention now turns to the company’s future as Greg Abel prepares to step in as CEO on Jan. 1, 2026, with Buffett continuing as executive chairman.
However, with Berkshire trading at a premium valuation, witnessing modest returns on capital, facing near-term earnings headwinds, and having a cautious analyst outlook, a wait-and-see approach seems prudent for this Zacks Rank #3 (Hold) stock.
You can see the complete list of today’s Zacks #1 Rank (Strong Buy) stocks here.
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BRK.B Trading at a Discount to 52-Week High: How to Play the Stock

Key Points
Teamwork Financial Advisors sold almost $15 million of its Progressive shares.
The trade accounted for 1.6% of Teamwork Financial's reportable U.S. equity assets under management as of Q3 2025.
After the trade, Teamwork Financial holds 9,737 Progressive shares, valued at $2.40 million.
Progressive now represents 0.3% of the fund's AUM, placing it outside the its top five holdings as of Q3 2025.
Teamwork Financial Advisors significantly reduced its stake in The Progressive Corporation (NYSE:PGR). It sold an estimated $14.95 million in shares during the quarter ended September 30, 2025, according its SEC filing.
What happened
According to a filing with the Securities and Exchange Commission dated October 08, 2025, Teamwork Financial Advisors significantly reduced its position in The Progressive Corporation. It sold 55,286 shares, worth about $14.95 million during the quarter.
Teamwork Financial's previous filing, dated 30 June, 2025 also had a call option for 4,700 Progressive shares, worth $1.25 million which was either closed or had expired by the end of the third quarter.
The fund now has 9,737 Progressive shares valued at around $2.40 million. It sold around 85% of its Progressive holdings.
What else to know
This was a sell transaction. According to its Q3 2025 13F filing, Progressive Corp now accounts for just 0.3% of Teamwork Financial Advisors’ reportable U.S. equity AUM.
Top holdings after the filing:
Apple (NASDAQ:AAPL): $42.79 million (4.7% of AUM).
Amazon (NASDAQ:AMZN): $38.19 million (4.2% of AUM).
SPDR Series Trust - SPDR Bloomberg 1-3 Month T-Bill ETF (NYSEMKT:BIL): $35.35 million (3.9% of AUM).
Nvidia (NASDAQ:NVDA): $32.52 million (3.6% of AUM).
Microsoft (NASDAQ:MSFT): $29.31 million (3.2% of AUM).
As of October 7, 2025, Progressive shares were priced at $243.89, down 0.66% on the year before. The company underperformed the S&P 500 by 19.3 percentage points year-on-year.
Company Overview
Price (as of market close 2025-10-07)
$243.89
Market capitalization (as of market close 2025-10-23)
$143.23 billion
Revenue (TTM)
$82.38 billion
Net income (TTM)
$10.43 billion
Company Snapshot
The Progressive Corporation is a leading U.S. auto and property insurer with a diversified product suite and a significant national presence. It offers a broad portfolio of insurance products, including personal and commercial auto, residential property, general liability, and specialty lines such as motorcycle and RV insurance.
Headquartered in Mayfield, Ohio, with a workforce of over 66,000 employees, Progressive serves individual consumers, small businesses, and property owners across the United States.
It distributes products through independent agents, direct online channels, and over the phone. The company leverages direct-to-consumer distribution and a strong independent agent network to reach a broad customer base.
Foolish take
On face value, Teamwork Financial Advisors' sale of around 85% of its Progressive holdings seems like a significant move. However, if we dig deeper into the firm's 13F filings, the sale looks more like reverting to its previous position than a dramatic shift.
Teamwork did not own any Progressive shares this time last year. It opened a position in Q4 2024 and built on it in the subsequent two quarters. Its Progressive holdings peaked in Q2 2025, when they accounted for around 2% of its AUM and the company was one of its top 20 holdings.
That said, the sale is still substantial and it is worth noting that the insurance sector has struggled this year. An increase in extreme weather events, such as wildfires and tornadoes, has put pressure on insurers across the board. Car and property insurers have not escaped tariff uncertainty either, as they may push up the cost of various materials needed for repairs.
Progressive is a leader in the insurance industry and has delivered solid revenue growth for many years. It stands out in a competitive market for its ability to attract new customers and incorporate new technology into its business. However, its most recent earnings failed to meet analyst expectations. It may also have to pay out almost $1 billion to policyholders in Florida, due to an excess profit rule in the state. Watch out for Progressive's investor call on November 5 to find out more about the company's situation.
Glossary
Stake: The ownership interest or investment a fund or individual holds in a company.
Assets Under Management (AUM): The total market value of investments managed on behalf of clients by a financial institution or fund.
Reportable U.S. equity assets: U.S. stock holdings that an investment manager must disclose in regulatory filings.
Quarter (Q3 2025): The third three-month period of the 2025 calendar year, typically July through September.
Filing: An official document submitted to a regulatory authority, often detailing financial or investment activities.
Top holdings: The largest investments in a fund’s portfolio by value or percentage of total assets.
Market capitalization: The total value of a company’s outstanding shares, calculated as share price times shares outstanding.
Direct-to-consumer distribution: Selling products directly to customers, bypassing intermediaries like agents or brokers.
Independent agent: An insurance agent who sells products from multiple companies rather than being tied to one insurer.
Property and casualty insurance: Insurance covering property loss (like homes or cars) and liability for accidents or injuries.
Specialty lines: Insurance products designed for unique or non-standard risks, such as motorcycles or recreational vehicles.
TTM: The 12-month period ending with the most recent quarterly report.
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Emma Newbery has positions in Amazon, Apple, and Nvidia. The Motley Fool has positions in and recommends Amazon, Apple, Microsoft, Nvidia, and Progressive. The Motley Fool recommends the following options: long January 2026 $395 calls on Microsoft and short January 2026 $405 calls on Microsoft. The Motley Fool has a disclosure policy.
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.

Teamwork Financial Sells 85% of Progressive (PGR) Holdings, Worth Almost $15 Million

Motley Fool Co-Founder Tom Gardner: The Quarterly Call

The following are the top rated Financial stocks according to Validea's P/E/Growth Investor model based on the published strategy of Peter Lynch. This strategy looks for stocks trading at a reasonable price relative to earnings growth that also possess strong balance sheets.
BAIN CAPITAL SPECIALTY FINANCE INC (BCSF) is a small-cap value stock in the Investment Services industry. The rating according to our strategy based on Peter Lynch is 93% based on the firm’s underlying fundamentals and the stock’s valuation. A score of 80% or above typically indicates that the strategy has some interest in the stock and a score above 90% typically indicates strong interest.
Company Description: Bain Capital Specialty Finance, Inc. is an externally managed specialty finance company focused on lending to middle market companies. The Company's investment objective is to generate current income and, to a lesser extent, capital appreciation through direct originations of secured debt, including first lien, first lien/last out, unitranche and second lien debt, investments in strategic joint ventures, equity investments and, to a lesser extent, corporate bonds. Its primary focus is capitalizing on opportunities within Bain Capital Credit's Senior Direct Lending Strategy, which seeks to provide risk-adjusted returns and current income to investors by investing primarily in middle-market direct lending opportunities across North America, Europe and Australia and also in other geographic markets. It may also invest in mezzanine debt and other junior securities, including common and preferred equity and in secondary purchases of assets or portfolios. It is managed by BCSF Advisors, LP.
The following table summarizes whether the stock meets each of this strategy's tests. Not all criteria in the below table receive equal weighting or are independent, but the table provides a brief overview of the strong and weak points of the security in the context of the strategy's criteria.
Detailed Analysis of BAIN CAPITAL SPECIALTY FINANCE INC
CARLYLE SECURED LENDING INC (CGBD) is a small-cap value stock in the Misc. Financial Services industry. The rating according to our strategy based on Peter Lynch is 93% based on the firm’s underlying fundamentals and the stock’s valuation. A score of 80% or above typically indicates that the strategy has some interest in the stock and a score above 90% typically indicates strong interest.
Company Description: Carlyle Secured Lending, Inc. is a specialty finance company that is a closed-end, externally managed, non-diversified management investment company. The Company's investment objective is to generate current income and capital appreciation primarily through assembling a portfolio of secured debt investments in United States middle market companies. The Company seeks to achieve its investment objective primarily through direct origination of secured debt instruments, including first lien senior secured loans (which may include stand-alone first lien loans, first lien/last out loans and unitranche loans) and second lien senior secured loans (collectively, Middle Market Senior Loans), with a minority of its assets invested in higher yielding investments (which may include unsecured debt, subordinated debt and investments in equities and structured products). The Company is externally managed by its investment adviser, Carlyle Global Credit Investment Management L.L.C.
The following table summarizes whether the stock meets each of this strategy's tests. Not all criteria in the below table receive equal weighting or are independent, but the table provides a brief overview of the strong and weak points of the security in the context of the strategy's criteria.
Detailed Analysis of CARLYLE SECURED LENDING INC
PROGRESSIVE CORP (PGR) is a large-cap value stock in the Insurance (Prop. & Casualty) industry. The rating according to our strategy based on Peter Lynch is 93% based on the firm’s underlying fundamentals and the stock’s valuation. A score of 80% or above typically indicates that the strategy has some interest in the stock and a score above 90% typically indicates strong interest.
Company Description: The Progressive Corporation is an insurance holding company, which has insurance and non-insurance subsidiaries and affiliates. The Companys segments include Personal Lines, Commercial Lines and Other indemnity. The Personal Lines segment writes insurance for personal autos and special lines products. Its special lines of products include recreational vehicles, such as motorcycles, RVs, and watercraft. Its Personal Lines products are sold through both the agency and direct channels. The Commercial Lines segment writes auto-related liability and physical damage insurance, business-related general liability and commercial property insurance predominately for small businesses, and workers compensation insurance primarily for the transportation industry. Its reinsurance activity includes both transactions which are regulated and those that are non-regulated. It offers shopping tools and services, such as Name Your Price, Snapshot, and HomeQuote Explorer.
The following table summarizes whether the stock meets each of this strategy's tests. Not all criteria in the below table receive equal weighting or are independent, but the table provides a brief overview of the strong and weak points of the security in the context of the strategy's criteria.
NET CASH POSITION:
NEUTRAL
Detailed Analysis of PROGRESSIVE CORP
W R BERKLEY CORP (WRB) is a large-cap growth stock in the Insurance (Prop. & Casualty) industry. The rating according to our strategy based on Peter Lynch is 91% based on the firm’s underlying fundamentals and the stock’s valuation. A score of 80% or above typically indicates that the strategy has some interest in the stock and a score above 90% typically indicates strong interest.
Company Description: W. R. Berkley Corporation is an insurance holding company. It operates through two segments of the property casualty insurance business: Insurance and Reinsurance & Monoline Excess. Its Insurance businesses underwrite commercial insurance business, including excess and surplus lines, admitted lines and specialty personal lines throughout the United States, as well as insurance business in Asia, Australia, Canada, Continental Europe, Mexico, Scandinavia, South America and the United Kingdom. Its Insurance segment consists of business units, including Acadia Insurance, Admiral Insurance, Berkley Accident and Health, Berkley Agribusiness and others. It provides professional liability and casualty insurance for small to mid-sized businesses though the business unit Berkley Edge. Its Reinsurance & Monoline Excess offers reinsurance business on a facultative and treaty basis in the United States, United Kingdom, Continental Europe, Australia, the Asia-Pacific region and South Africa.
The following table summarizes whether the stock meets each of this strategy's tests. Not all criteria in the below table receive equal weighting or are independent, but the table provides a brief overview of the strong and weak points of the security in the context of the strategy's criteria.
Detailed Analysis of W R BERKLEY CORP
HARTFORD INSURANCE GROUP INC (HIG) is a large-cap value stock in the Insurance (Prop. & Casualty) industry. The rating according to our strategy based on Peter Lynch is 91% based on the firm’s underlying fundamentals and the stock’s valuation. A score of 80% or above typically indicates that the strategy has some interest in the stock and a score above 90% typically indicates strong interest.
Company Description: The Hartford Insurance Group, Inc., formerly The Hartford Financial Services Group, Inc., is a holding company. The Company's segments include Business Insurance, Personal Insurance, Property & Casualty Other Operations, Employee Benefits and Hartford Funds. Business Insurance segment provides a variety of insurance products and risk management services in the United States and internationally. Personal Insurance segment provides automobile, homeowners and personal umbrella coverage to individuals across the United States. Property & Casualty Other Operations segment includes certain property and casualty operations. The Employee Benefits segment provides employers and associations with group life, accident and disability coverage, along with other products and services, including voluntary benefits, and group retiree health. Hartford Funds segment offers investment products for retail and retirement accounts and provides investment management, distribution and administrative services.
The following table summarizes whether the stock meets each of this strategy's tests. Not all criteria in the below table receive equal weighting or are independent, but the table provides a brief overview of the strong and weak points of the security in the context of the strategy's criteria.
Detailed Analysis of HARTFORD INSURANCE GROUP INC
About Peter Lynch: Perhaps the greatest mutual fund manager of all-time, Lynch guided Fidelity Investment's Magellan Fund to a 29.2 percent average annual return from 1977 until his retirement in 1990, almost doubling the S&P 500's 15.8 percent yearly return over that time. Lynch's common sense approach and quick wit made him one of the most quoted investors on Wall Street. ("Go for a business that any idiot can run -- because sooner or later, any idiot probably is going to run it," is one of his many pearls of wisdom.) Lynch's bestseller One Up on Wall Street is something of a "stocks for the everyman/everywoman", breaking his approach down into easy-to-understand concepts.
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The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.

Validea's Top Financial Stocks Based On Peter Lynch - 10/22/2025

Chubb Limited CB reported third-quarter 2025 core operating income of $7.49 per share, which beat the Zacks Consensus Estimate by 26%. The bottom line increased 30.9% year over year.
The quarterly results reflect strong performance across most of the segments, solid underwriting income, improved investment income, and a lower level of catastrophe.
Chubb Limited Price, Consensus and EPS Surprise
Quarter in Detail
Net premiums written improved 7.5% year over year to $14.8 billion in the quarter. Our estimate was $14.4 billion while the Zacks Consensus Estimate was pegged at $14.5 billion.
Pre-tax net investment income was $1.65 billion, up 9.3% year over year. Our estimate and the Zacks Consensus Estimate were both pegged at $1.8 billion.
Revenues of $16.1 billion beat the consensus estimate by 1.6% and improved 7.4% year over year.
Property and casualty (P&C) underwriting income was $2.2 billion, up 55% year over year. The Zacks Consensus Estimate was pegged at $1.4 billion. Current accident year underwriting income, excluding catastrophe losses, was $2.2 billion, up 10.3%.
Chubb Limited incurred a pre-tax P&C catastrophe loss, net of reinsurance and including reinstatement premiums of $285 million, which was narrower than the year-ago catastrophe loss of $765 million.
The P&C combined ratio improved 590 basis points (bps) on a year-over-year basis to 81.8% in the quarter under review. The Zacks Consensus Estimate for the combined ratio was pegged at 88.
Segmental Update
North America Commercial P&C Insurance: Net premiums written increased 2.9% year over year to $5.6 billion. Our estimate was $5.4 billion. The combined ratio improved 500 bps to 81.5%. Our estimate was 85.9.
North America Personal P&C Insurance: Net premiums written climbed 8.1% year over year to $1.8 billion. Our estimate was $1.7 billion. The combined ratio improved 1,620 bps to 65.1%, reflecting lower catastrophe losses and higher favorable prior period development. Our estimate was 85.9.
North America Agricultural Insurance: Net premiums written increased 5.6% from the year-ago quarter to $1.4 billion, primarily due to an increase in exposure in the company’s crop insurance business, which more than offset year-over-year declines in commodity prices. The figure matched our estimate. The combined ratio improved 240 bps to 88%. Our estimate was 96.4%.
Overseas General Insurance: Net premiums written jumped 9.7% year over year to $3.6 billion. The figure matched both the Zacks Consensus Estimate and our estimate. The combined ratio improved 270 bps to 83.3%. Our estimate was 88.4.
Global Reinsurance: Net premiums written declined 13.5% year over year to $304 million. Our estimate was $408.4 million. The combined ratio improved 1,700 bps to 77.4%. Our estimate was 127.9.
Life Insurance: Net premiums written increased 24.6% year over year to $1.93 billion, with growth of 26.5% in International Life. Our estimate was $1.8 billion.
The Life Insurance segment income was $324 million, up 13.9% in constant dollars. The Zacks Consensus Estimate was pegged at $278 million.
Financial Update
The cash balance of $2.4 billion, as of Sept. 30, 2025, decreased 3.7% from the 2024-end level. Total shareholders’ equity grew 13.7% from the level at 2024-end to $77.8 billion as of Sept. 30, 2025. Book value per share, as of Sept. 30, 2024, was $182.22, up 14% from the figure as of Dec. 31, 2024.
Core operating return on tangible equity expanded 280 bps year over year to 24.5%. Operating cash flow was $3.64 billion in the quarter under consideration, while adjusted operating cash flow was $4.51 billion.
Capital Deployment
In the quarter, Chubb Limited bought back shares worth $1.23 billion and paid $385 million in dividends.
Zacks Rank
Chubb Limited currently carries a Zacks Rank #3 (Hold). You can see the complete list of today’s Zacks #1 Rank (Strong Buy) stocks here.
Performance of Other P&C Insurers
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%. However, the bottom line increased 13.1% year over year and the top line rose 12.7%.
Net premiums written were $21.3 billion in the quarter, up 10% from $19.5 billion a year ago. Net premiums earned grew 14% to $20.8 billion, missing the Zacks Consensus Estimate of $21.1 billion.
The Travelers Companies, Inc. TRV reported third-quarter 2025 core income of $8.14 per share, which beat the Zacks Consensus Estimate by 35.4%. The bottom line increased 55% year over year. Travelers’ total revenues increased 5% from the year-ago quarter to $12.44 billion, primarily driven by higher premiums, net investment income, fee income and other revenues. The top-line figure beat the Zacks Consensus Estimate by 0.7%.
Net written premiums increased 1% year over year to a record $11.47 billion. The underwriting gain doubled year over year to $1.4 billion. The consolidated underlying combined ratio of 83.9 improved 170 bps year over year. The combined ratio improved 590 bps year over year to 87.3 due to lower catastrophe losses and an improvement in the underlying combined ratio, partially offset by lower net favorable prior year reserve development.
W.R. Berkley Corporation's WRB third-quarter 2025 operating income of $1.10 per share beat the Zacks Consensus Estimate of $1.03 by 2.8%. The bottom line increased 18.3% year over year. Operating revenues came in at $3.6 billion, up 8.2% year over year, on the back of higher net premiums earned as well as improved net investment income and higher insurance service fees. The top line beat the consensus estimate by 0.4%.
W.R. Berkley’s net premiums written were $3.4 billion, up 5.5% year over year. Our estimate was $3.3 billion. The consolidated combined ratio (a measure of underwriting profitability) remained flat year over year at 90.9. The Zacks Consensus Estimate was pegged at 89.6.
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Chubb Limited Q3 Earnings & Revenues Beat Estimates, Premiums Rise Y/Y

Key Points
Prentiss Smith added 17,537 shares in Progressive; estimated trade value of approximately $4.32 million, based on the average price for the third quarter of 2025.
The transaction represents 2.44% of Prentiss Smith's 13F reportable assets under management.
Post-trade stake: 23,094 shares valued at $5.70 million as of September 30, 2025.
The Progressive position now accounts for 3.22% of fund AUM, which places it outside the fund's top five holdings.
Prentiss Smith & Company increased its holding in Progressive (NYSE:PGR) by 17,537 shares during the third quarter of 2025, an estimated $4.32 million trade.
What happened
Prentiss Smith disclosed a purchase of 17,537 shares of Progressive in its Form 13-F for the period ended September 30, 2025, filed with the Securities and Exchange Commission on October 20, 2025.
The estimated trade size was approximately $4,323,238 for 17,537 shares.
The fund now holds 23,094 shares, worth $5.70 million.
What else to know
This was a buy; Progressive makes up 3.22% of Prentiss Smith's reportable equity holdings after the trade.
The firm's top five holdings after the filing:
Alphabet: $10.3 million (5.8% of AUM) as of September 30, 2025
Microsoft: $9.94 million (5.6% of AUM) as of September 30, 2025
Cisco Systems: $9.61 million (5.4% of AUM) as of September 30, 2025
Gorman-Rupp: $7.92 million (4.5% of AUM) as of September 30, 2025
Johnson & Johnson: $7.84 million (4.4% of AUM) as of September 30, 2025
As of October 17, 2025, shares of Progressive were priced at $225.61, down 10.24% over the year ending October 20, 2025.
The stock underperformed the S&P 500 by 24 percentage points over the one-year period ending October 20, 2025.
Company Overview
Revenue (TTM)
$85.17 billion
Net Income (TTM)
$10.71 billion
Dividend Yield
2.23%
Price (as of market close October 17, 2025)
$225.61
Company Snapshot
Progressive:
Offers personal and commercial auto insurance, residential and commercial property insurance, general liability, and specialty insurance products across the United States.
Generates revenue primarily by underwriting insurance policies and collecting premiums.
Serves individuals, small businesses, and property owners through direct channels and independent insurance agencies.
With a diversified portfolio spanning auto, property, and specialty lines, Progressive's scale and multi-channel distribution enable broad market reach and risk diversification.
Foolish take
In just the last decade, Progressive's stock has risen more than sixfold. However, in the last six months, its share price has dropped 24% from its high -- and Prentiss Smith was ready to "buy the dip."
Prentiss Smith had previously devoted about a 0.5% portfolio to allocation over the last two years, but upped this to a hefty 3.2% in the previous quarter. This purchase made Progressive the firm's 10th-largest holding.
Despite the fact that Progressive is now a $130 billion powerhouse operating across the auto, commercial, and property insurance industries, the company remains something of a growth stock.
The company has grown sales by 14% or higher in each of the last 10 quarters, helping to quadruple its revenue compared to a decade ago.
Even with this immense growth, Progressive's combined ratio remains best-in-class at 86%, versus an industry average somewhere around 97% to 100%.
This top-tier profitability makes the insurer a powerful compounding machine, which has helped provide investors with multibagger returns over the years.
Progressive's double-digit sales growth, persistent profitability, and track record of weathering numerous macroeconomic environments make it a great investment following its recent sell-off.
Glossary
13F reportable assets: Assets that investment managers must disclose in quarterly SEC filings if they exceed a certain threshold.
Assets under management (AUM): The total market value of investments managed on behalf of clients by a fund or firm.
Form 13-F: A quarterly SEC filing by institutional investment managers disclosing their equity holdings.
Stake: The amount or percentage of ownership an investor or fund holds in a particular company.
Dividend yield: Annual dividends per share divided by the share price, expressed as a percentage.
Underwriting: The process by which an insurer evaluates and assumes risk in exchange for premiums.
Premiums: Payments made by policyholders to insurance companies for coverage under an insurance policy.
Multi-channel distribution: Selling products or services through multiple methods, such as direct sales and independent agents.
Risk diversification: Spreading investments or exposures across different assets or sectors to reduce overall risk.
TTM: The 12-month period ending with the most recent quarterly report.
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Josh Kohn-Lindquist has positions in Alphabet. The Motley Fool has positions in and recommends Alphabet, Cisco Systems, Microsoft, and Progressive. The Motley Fool recommends Johnson & Johnson and recommends the following options: long January 2026 $395 calls on Microsoft and short January 2026 $405 calls on Microsoft. The Motley Fool has a disclosure policy.
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.

Prentiss Smith & Company Loads Up on Progressive (NYSE: PGR) Shares on the Dip: Is the Stock a Buy?

RLI Corp. RLI reported third-quarter 2025 operating earnings of 83 cents per share, which beat the Zacks Consensus Estimate by 33.9%. The bottom line increased 27.7% from the prior-year quarter.
The quarterly results reflect higher net premiums earned and higher net investment income, as well as lower loss and settlement expenses.
Operational Performance
Operating revenues in the reported quarter were $449 million, up 5.3% year over year, driven by 4.7% higher net premiums earned and 12.5% higher net investment income. The top line beat the Zacks Consensus Estimate by 0.5%.
RLI Corp. Price, Consensus and EPS Surprise
Gross premiums written of $562.3 million increased 0.5% year over year. The improvement in the performance of the Casualty segment was offset by a decline in Property and the Surety segment. Our estimate gross premiums written was $584.7 million.
Net investment income increased 12% year over year to $41.3 million. Our estimate was $42.4 million. The Zacks Consensus Estimate was pegged at $42.5 million. The investment portfolio’s total return was 3% in the quarter.
Total expenses declined 0.2% year over year to $353.6 million, primarily due to lower loss and settlement expenses. Our estimate was $399 million.
Underwriting income of $60.5 million increased 48.6% year over year. The combined ratio improved 450 basis points (bps) year over year to 85.1. Our estimate was 97.8.
Financial Update
RLI exited the quarter with total investments and cash of $4.7 billion, up 14.8% from 2024-end.
Book value was $20.41 per share, up 26% from the figure as of Dec. 31, 2024.
Net cash flow from operations was $179.2 million, down 18.3% year over year.
The statutory surplus increased 5.6% from the end of 2024 to $1.9 billion as of Sept. 30, 2025.
Return on equity was 20.8%, down 690 bps from the year-ago period.
Dividend Update
On Sept. 19, 2025, RLI paid a dividend of 16 cents, an increase of 1 cent from the last payout. RLI’s cumulative dividends total more than $975 million in the last five years.
Zacks Rank
RLI currently carries a Zacks Rank #3 (Hold). You can see the complete list of today’s Zacks #1 Rank (Strong Buy) stocks here.
Performance of Other Insurers
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%. However, the bottom line increased 13.1% year over year while the top line increased 12.7%.
Net premiums written were $21.3 billion in the quarter, up 10% from $19.5 billion a year ago. Net premiums earned grew 14% to $20.8 billion, missing the Zacks Consensus Estimate of $21.1 billion.
The Travelers Companies TRV reported third-quarter 2025 core income of $8.14 per share, which beat the Zacks Consensus Estimate by 35.4%. The bottom line increased 55% year over year. Travelers’ total revenues increased 5% from the year-ago quarter to $12.44 billion, primarily driven by higher premiums, net investment income, fee income and other revenues. The top-line figure beat the Zacks Consensus Estimate by 0.7%.
Net written premiums increased 1% year over year to a record $11.47 billion. The underwriting gain doubled year over year to $1.4 billion. The consolidated underlying combined ratio of 83.9 improved 170 bps year over year. The combined ratio improved 590 bps year over year to 87.3 due to lower catastrophe losses and an improvement in the underlying combined ratio, partially offset by lower net favorable prior year reserve development.
W.R. Berkley Corporation's WRB third-quarter 2025 operating income of $1.10 per share beat the Zacks Consensus Estimate of $1.03 per share by 2.8%. The bottom line increased 18.3% year over year. Operating revenues came in at $3.6 billion, up 8.2% year over year, on the back of higher net premiums earned as well as improved net investment income and higher insurance service fees. The top line beat the consensus estimate by 0.4%.
W.R. Berkley’s net premiums written were $3.4 billion, up 5.5% year over year. Our estimate was $3.3 billion. The consolidated combined ratio (a measure of underwriting profitability) remained flat year over year at 90.9. The Zacks Consensus Estimate was pegged at 89.6.
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RLI Corp. (RLI) : Free Stock Analysis Report
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.

RLI's Q3 Earnings, Revenues Beat Estimates on Solid Underwriting

W.R. Berkley Corporation's WRB third-quarter 2025 operating income of $1.10 per share beat the Zacks Consensus Estimate of $1.03 per share by 2.8%. The bottom line increased 18.3% year over year.
The insurer benefited from continued strength in both underwriting and investment income.
Behind the Headlines
W.R. Berkley’s net premiums written were $3.4 billion, up 5.5% year over year. Our estimate was $3.3 billion.
Net investment income grew 8.5% to $351.2 million, reflecting higher yields on an expanding fixed-maturity portfolio. The strength of operating cash flow continued to drive growth in net investable assets. Its current new money rates remained comfortably above average book yield, positioning WRB well for further investment income growth. Our estimate for investment income was $352.4 million. The Zacks Consensus Estimate was pegged at $364.9 million.
Operating revenues came in at $3.6 billion, up 8.2% year over year, on the back of higher net premiums earned, improved net investment income and higher insurance service fees. The top line beat the consensus estimate by 0.4%.
W.R. Berkley Corporation Price, Consensus and EPS Surprise
Total expenses increased 6.6% to $3.1 billion due to higher losses and loss expenses, operating costs, interest expense and expenses from non-insurance businesses. Our estimate was $3.1 billion.
The loss ratio deteriorated 80 basis points (bps) to 63.9, while the expense ratio remained flat year over year at 28.4.
Catastrophe losses of $78.5 million in the quarter were narrower than $97.8 million incurred in the year-ago quarter. The consolidated combined ratio (a measure of underwriting profitability) remained flat year over year at 90.9. The Zacks Consensus Estimate was pegged at 89.6.
Segment Details
Net premiums written at the Insurance segment increased 5.1% year over year to $2.8 billion in the quarter, primarily due to higher premiums from other liability, short-tail lines, auto, workers' compensation and professional liability. Our estimate was $2.9 billion.
The combined ratio deteriorated 80 bps to 92.3. The Zacks Consensus Estimate was 88.9. Our estimate was 90.8.
Net premiums written in the Reinsurance & Monoline Excess segment increased 8.6% year over year to $417.1 million on higher premiums at Casualty, Property and Monoline excess. Our estimate was $425 million. The combined ratio improved 560 bps to 87. The Zacks Consensus Estimate was pegged at 89.3, whereas our estimate was 92.3.
Financial Update
W.R. Berkley exited the third quarter of 2025 with total assets worth $43.7 billion, up 8.1% from year-end 2024. Senior notes and other debt moved down 0.1% from 2024 end levels to $1.8 billion. Book value per share increased 16.7% from 2024 end level to $25.79 as of Sept, 30, 2025.
Cash flow from operations was $1.1 billion in the third quarter of 2025, down 8.1% year over year. Operating return on equity contracted 10 bps to 21%.
WRB bought back shares worth $24.6 million in the reported quarter.
Zacks Rank
WRB currently carries a Zacks Rank #3 (Hold). You can see the complete list of today’s Zacks #1 Rank (Strong Buy) stocks here.
Performance of Other Insurers
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%. However, the bottom line increased 13.1% year over year while the top line increased 12.7%.
Net premiums written were $21.3 billion in the quarter, up 10% from $19.5 billion a year ago. Net premiums earned grew 14% to $20.8 billion. The reported figure missed the Zacks Consensus Estimate of $21.1 billion.
The Travelers Companies TRV reported third-quarter 2025 core income of $8.14 per share, which beat the Zacks Consensus Estimate by 35.4%. The bottom line increased 55% year over year. Travelers’ total revenues increased 5% from the year-ago quarter to $12.44 billion, primarily driven by higher premiums, net investment income, fee income, and other revenues. The top-line figure beat the Zacks Consensus Estimate by 0.7%.
Net written premiums increased 1% year over year to a record $11.47 billion. The underwriting gain doubled year over year to $1.4 billion. The consolidated underlying combined ratio of 83.9 improved 170 bps year over year. The combined ratio improved 590 bps year over year to 87.3 due to lower catastrophe losses and an improvement in the underlying combined ratio, partially offset by lower net favorable prior year reserve development.
RLI Corp. RLI reported third-quarter 2025 operating earnings of 83 cents per share, which beat the Zacks Consensus Estimate by 33.9%. The bottom line increased 27.7% from the prior-year quarter. Operating revenues in the reported quarter were $449 million, up 5.3% year over year, driven by 4.7% higher net premiums earned and 12.5% higher net investment income. The top line beat the Zacks Consensus Estimate by 0.5%.
Underwriting income of $60.5 million increased 48.6% year over year. The combined ratio improved 450 basis points (bps) year over year to 85.1. Our estimate was 97.8.
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Each was handpicked by a Zacks expert as the favorite stock to gain +100% or more in the months ahead. They include
Stock #1: A Disruptive Force with Notable Growth and Resilience
Stock #2: Bullish Signs Signaling to Buy the Dip
Stock #3: One of the Most Compelling Investments in the Market
Stock #4: Leader In a Red-Hot Industry Poised for Growth
Stock #5: Modern Omni-Channel Platform Coiled to Spring
Most of the stocks in this report are flying under Wall Street radar, which provides a great opportunity to get in on the ground floor. While not all picks can be winners, previous recommendations have soared +171%, +209% and +232%.
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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
RLI Corp. (RLI) : Free Stock Analysis Report
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.

Periodand min./max. price, $	Price change, %		Volatility, %		Volume, $
Periodand min./max. price, $	PGR	Industry	PGR	Industry	Volume, $
Yesterday 213.1 - 217.6	0.26	17.02	5.32	1.01	152.81M
Week 213.1 - 224.5	-2.74	16.36	1.27	2.78	2.06B
Month 213.1 - 248.2	-11.43	12.59	7.00	6.62	11.03B
3 Months 213.1 - 254.9	-10.57	19.93	11.52	11.78	29.88B
6 Months 213.1 - 290.0	-19.86	27.22	18.97	18.38	66.08B
Year 213.1 - 293.0	-11.41	61.32	24.33	24.62	108.95B
3 years 111.4 - 293.0	72.76	150.85	43.46	51.26	216.85B
5 years 84.9 - 293.0	136.63	82.90	55.35	66.18	300.97B
All time 3.8 - 260.5	2,407.29	26.29	—	—	225.00B

Progressive Corporation (The)

Price and volatility history

Risk ratios