Estrogen stimulates cells to grow, which can lead to cancer. Progesterone inhibits the action of estrogen, hence it is protective against cancer.
Progesterone also activates the gene p53, which if inactive or mutated prevents cells from dying naturally.
One of the most important effects of progesterone is as a potent diuretic. As such it prevents the aldosterone increase in sodium, thereby reducing water retention. It is now being given via IV transfusion to brain trauma victims because of this.
It is a known stimulant of IL-10, which is an anti-inflammatory agent.
Progesterone also stimulates the release of Th2 cytokines, which are anti-inflammatory and directly inhibits Th1 cytokines which are pro-inflammatory.
It has been shown to reduce the response of natural killer (NK) cells as well as other known initiators of inflammation.
Matrix metalloproteinases (MMP) play a role in inflammation. Estrogen maintains secretion of matrix metalloproteinases. In contrast, one of the effects of progesterone is as a natural inhibitor of metalloproteinases. Matrix metalloproteinases are implicated in cancer and arthritis.
Progesterone prevents lipid peroxidation and confers vascular protection. It has an antiatherogenic action by preventing the conversion of cholesterol into cholesteryl ester. It prevents vasoconstriction by increasing levels of nitric oxide (NO), which causes vasodilation allowing blood vessels to relax, and so widens them allowing more blood to flow through and it inhibits platelet aggregation.
It is a natural inhibitor of 5-alpha reductase, so can prevent the conversion of testosterone to di-hydrotestosterone (DHT), implicated in prostate cancer.
Progesterone helps with both depression and insomnia as it raises serotonin levels in the brain. Serotonin is our 'happy' neurotransmitter, it is also the precursor to melatonin (the 'sleep' hormone).
One of the little known effects of progesterone is that it has a calming effect by activating the GABA receptor sites. GABA is our most calming, inhibitory neurotransmitter and effective against some forms of epilepsy.
Progesterone boosts the immune system. It is also neuroprotective and helps stabilize blood sugar.