Will Progressive say “Merger / M&A”?

Progressive did not say “Merger / M&A” on its Nov 3, 2026 call (FY26 Q3); it said it on 1 of its last 8 calls: 0, 0, 0, 2, 0, 0, 0, 0 times. As of Nov 11, 2026, no Kalshi or Polymarket mention market on Progressive saying “Merger / M&A” has settled yet. Parrot’s p for the next listing is 18% (from the transcript model), not a forecast.

18%from transcript modelNext: Earnings call, Mar 2, 2027 · counts: company speakers + operator
Counts
company speakers + operator
Market
11¢ Kalshi (may be delayed)
Updated

Where it was said

quotes of at most 25 words; select an appearance

Progressive

Merger / M&A

Probability
18% · n=0
Last calls
said in 1 of 8

Next listing counts: company speakers + operator

FY26 Q3 earnings call, Nov 3, 2026 · not said

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FY26 Q2 earnings call, Aug 4, 2026 · not said

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FY26 Q1 earnings call, May 5, 2026 · not said

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FY25 Q4 earnings call, Mar 3, 2026 · not said

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FY25 Q3 earnings call, Nov 4, 2025 · said 2 times (counts)

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Counts: company speakers + operator (not listed here; the usual rule)

2 counted (0 in prepared remarks, 2 in Q&A); 3 by speakers the rule does not count.

Susan GriffithcompanyqaIn transcript

I mean M&A is really complicated. We've done a couple of acquisitions in the last 10 or so years, and they were very specific. So…

John SauerlandcompanyqaIn transcript

Sure. So M&A would be one deployment of excess capital in our minds. Reinvesting capital in the core business is always the first option that…

Every match in the transcript

FY25 Q2 earnings call, Aug 5, 2025 · not said

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FY25 Q1 earnings call, May 6, 2025 · not said

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FY24 Q4 earnings call, Mar 4, 2025 · not said

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Questions

How many times did Progressive say “Merger / M&A” on its last earnings call?
Progressive did not say “Merger / M&A” on its Nov 3, 2026 call (FY26 Q3); it said it on 1 of its last 8 calls: 0, 0, 0, 2, 0, 0, 0, 0 times.
Who has to say it for the market to count?
Under the next market's rule: company speakers + operator.

Cite parrot.markets, “Progressive: ‘Merger / M&A’ mention history”, as of Nov 11, 2026, https://parrot.markets/earnings/PGR/words/m-and-a-or-merger (CC BY 4.0)

Agents: this page as TSV at /api/v1/word?entity=progressive&word=m%26a%20%2F%20merger · quotes: /api/v1/quotes?entity=progressive&word=… · columnar JSON in #parrot-data · llms.txt · MCP