The Progressive Corporation (NYSE:PGR) ranks among the 14 safe stocks to buy now for a starter stock portfolio.
Goldman Sachs reaffirmed its buy rating and $225 price target for The Progressive Corporation on February 23 in response to the company’s January 2026 results. The Progressive Corporation recorded net income of $1.16 billion, up 4% from $1.12 billion in the same month of the previous year. The company’s net premiums written increased 4% to $6.74 billion, while net premiums earned rose 5% to $6.92 billion.
The company’s average earnings per share forecast for 2026–2028 remains unchanged, indicating that a somewhat lower growth outlook is offset by a slightly higher buyback expectation.
Notably, Goldman Sachs considers The Progressive Corporation to be one of the more appealing investment prospects among property and liability insurers. The firm expects policies in force growth to be 8.1% in 2026, compared to street estimates of 7.3%.
The Progressive Corporation is an insurance holding company that provides residential property insurance, personal and commercial auto insurance, and other specialty property-casualty insurance and related services.
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