Progressive: Too Pricey For Uncertain Dividend Yields

Andrew Cournoyer profile picture
Andrew Cournoyer


  • Progressive is a growing and profitable insurance operation.
  • While 2022 may not be the most profitable year ever, the company will survive with a 96% combined ratio target.
  • But the stock trades at high multiples and doesn't offer a clear-cut consistent dividend yield. I think the company is too pricey for such uncertainty.

Piggy Bank with Umbrella, Financial Insurance, Protection



For retirement accounts, it is important to find stable, income-producing businesses. Insurance companies tend to be great providers of these features. The Progressive Corporation (NYSE:PGR) is an insurance business I have looked at before and has

Progressive Revenue & Premiums

Progressive Revenue & Premiums (

Progressive Revenue By Segment

Progressive Revenue By Segment (

Progressive Net Income & EPS

Progressive Net Income & EPS (

Progressive Combined Ratio

Progressive Combined Ratio (

Progressive Dividend & Payout Ratio

Progressive Dividend & Payout Ratio (

This article was written by

Andrew Cournoyer profile picture
Graduate from Plymouth State UniversityB.S. Business Admin./Minor EconomicsRetail Investor Long Term (5+ years) & Value Strategy

Analyst’s Disclosure: I/we have no stock, option or similar derivative position in any of the companies mentioned, and no plans to initiate any such positions within the next 72 hours. I wrote this article myself, and it expresses my own opinions. I am not receiving compensation for it (other than from Seeking Alpha). I have no business relationship with any company whose stock is mentioned in this article.

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