10:00 AM EDT, 07/16/2025 (MT Newswires) -- CFRA, an independent research provider, has provided MT Newswires with the following research alert. Analysts at CFRA have summarized their opinion as follows:

PGR posted Q2 operating EPS of $4.88 vs. $2.65 a year ago, topping our $3.50 estimate and the $4.43 consensus on 8% earned premium growth. YTD written premiums rose 15%, ~2x the overall industry rate, with direct-to-consumer leading at 22% vehicle premium growth while agency posted robust 14% growth. T the firm maintains above-peer growth momentum despite a more competitive rate environment, reflecting PGR's "flywheel in motion." We reiterate our 2025 forecast of 15%-22% earned premium growth amid continued pricing power. The combined ratio improved to an impressive 86.2% vs. 91.9%, including a manageable $43M in Q1 California wildfire claims, demonstrating superior underwriting profitability and risk selection prowess. We keep our Buy rating as PGR's ability to produce above-peer top-line growth and best-in-class underwriting profitability provides catalyst for the shares, while we think the defensive nature of personal lines insurance remains a positive attribute amid tariffs and economic uncertainty.