Progressive Reports April 2026 Results

Progressive Corporation Reports Strong April 2026 Results with 10% Net Income Growth

The Progressive Corporation announced its financial results for April 2026, showing a 10% increase in net income to $1,087 million compared to the prior year. Net premiums written rose 6%, while combined ratio increased by 5.3 points but remained strong at 90.2%. Policies in force grew by 8%, demonstrating solid growth in personal and commercial lines.

PGR

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Key Points

Net income increased by 10% year-over-year, reflecting strong profitability.
Net premiums written rose 6%, driven by growth in personal and commercial insurance lines.
Policies in force expanded by 8%, indicating customer base expansion across auto, special lines, and property insurance.
The insurance and financial services sectors are positively impacted, particularly within personal and commercial auto insurance markets.

MAYFIELD VILLAGE, OHIO, May 20, 2026 (GLOBE NEWSWIRE) -- The Progressive Corporation (NYSE:PGR) today reported the following results for the month ended April 30, 2026:

April(millions, except per share amounts and ratios; unaudited) 2026 2025 ChangeNet premiums written$7,278 $6,837 6%Net premiums earned$7,112 $6,641 7%Net income$1,087 $986 10%Per share available to common shareholders$1.86 $1.68 11%Total pretax net realized gains (losses) on securities$402 $(3) NM Combined ratio 90.2 84.9 5.3pts.Average diluted equivalent common shares 585.3 587.7 0%NM = Not Meaningful

April 30,(thousands; unaudited)
2026 2025 % ChangePolicies in Force Personal Lines Agency – auto11,108 10,246 8Direct – auto16,645 14,938 11Special lines7,168 6,705 7Property3,639 3,590 1Total Personal Lines38,560 35,479 9Commercial Lines1,207 1,174 3Total39,767 36,653 8

See Progressive’s complete monthly earnings release for additional information.

About Progressive

Progressive Insurance® makes it easy to understand, buy and use car insurance, home insurance, and other protection needs. Progressive offers choices so consumers can reach us however it’s most convenient for them — online at progressive.com, by phone at 1-800-PROGRESSIVE, via the Progressive mobile app, or in-person with a local agent.

Progressive provides insurance for personal and commercial autos and trucks, motorcycles, boats, recreational vehicles, and homes; it is the second largest personal auto insurer in the country, a leading seller of commercial auto, motorcycle, and boat insurance, and one of the top 15 homeowners insurance carriers.

Founded in 1937, Progressive continues its long history of offering shopping tools and services that save customers time and money, like Name Your Price®, Snapshot®, and HomeQuote Explorer®.

The Common Shares of The Progressive Corporation, the Mayfield Village, Ohio-based holding company, trade publicly at NYSE: PGR.

Company Contact:
Julianna Paterra
(231) 600-3060
investor_relations@progressive.com

The Progressive Corporation
300 North Commons Blvd.
Mayfield Village, Ohio 44143
http://www.progressive.com

Download PDF: Progressive April 2026 Complete Earnings Release

Risks

Increase in combined ratio by 5.3 points suggests rising underwriting costs or claims severity, which could pressure margins.
Potential volatility in pretax net realized gains on securities, noted by a significant positive swing this period, could affect overall earnings stability.
Economic conditions impacting insurance claims frequency or severity may influence future results, representing operational risk for the insurance sector.

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Progressive Reports April 2026 Results

Key Points

Risks

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