Progressive Reports August 2026 Results

Progressive Reports Mixed August 2026 Results with Increased Premiums but Decline in Net Income

The Progressive Corporation reported August 2026 financial results showing a 6% increase in net premiums written and a 5% rise in net premiums earned compared to August 2025. However, net income declined by 22%, with earnings per share down 21%. The combined ratio worsened by 6.2 points, indicating higher underwriting costs despite growth in policies in force across personal and commercial lines.

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Key Points

Net premiums written increased 6% year-over-year to $7.605 billion, reflecting continued growth in underwriting activity.
Net income declined 22% to $951 million, with per-share earnings falling 21%, suggesting margin pressures or increased claims costs.
The combined ratio rose from 83.1 to 89.3, signaling a decrease in underwriting profitability despite top-line premium growth.
Growth was seen in policies in force across personal and commercial insurance lines, with a 7% increase overall, highlighting business expansion.

MAYFIELD VILLAGE, OHIO, Sept. 18, 2026 (GLOBE NEWSWIRE) -- The Progressive Corporation (NYSE:PGR) today reported the following results for the month ended August 31, 2026:

August(millions, except per share amounts and ratios; unaudited)2026 2025 ChangeNet premiums written$7,605 $7,199 6 %Net premiums earned$7,354 $7,036 5 %Net income$951 $1,220 (22)%Per share available to common shareholders$1.63 $2.07 (21)%Total pretax net realized gains (losses) on securities$108 $78 38 %Combined ratio 89.3 83.1 6.2 pts.Average diluted equivalent common shares 582.1 588.1 (1)%

August 31,(thousands; unaudited)
2026 2025 % ChangePolicies in Force Personal Lines Agency – auto11,343 10,575 7Direct – auto16,879 15,524 9Special lines7,378 6,955 6Property3,647 3,639 0Total Personal Lines39,247 36,693 7Commercial Lines1,245 1,197 4Total40,492 37,890 7

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 a leading seller of personal auto, commercial auto, motorcycle, and boat insurance, and one of the top 15 homeowners insurance carriers in the United States.

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, CFA
(719) 432-2509
investor_relations@progressive.com

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

Download PDF: Progressive August 2026 Complete Earnings Release

Risks

Declining net income and rising combined ratio indicate potential underwriting losses or increased claims severity impacting profitability.
The insurance sector may be exposed to adverse loss development or competitive pricing pressures that could constrain future earnings.
Economic or environmental factors affecting property and casualty insurance risks could introduce volatility to underwriting results.

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Progressive Reports August 2026 Results

Key Points

Risks

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