Progressive Reports August 2026 Results: Net Income Down 22%, Combined Ratio at 89.3%
PROGRESSIVE CORP/OH/
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Filing Summary
š Progressive Reports August 2026 Operating Results
ā¢ Net Premiums Written: $7.61B (+6% YoY) ā¢ Net Premiums Earned: $7.35B (+5% YoY) ā¢ Net Income: $951M (-22% YoY) ā¢ EPS: $1.63 vs $2.07 in prior year ā¢ Combined Ratio: 89.3% (+6.2 pts YoY) ā¢ Policies in Force: 40.49M (+7% YoY)
Comprehensive Analysis
Overview
On September 18, 2026, The Progressive Corporation filed a Form 8-K under Item 7.01 (Regulation FD Disclosure) releasing its unaudited monthly operating and financial results for the month ended August 31, 2026.
Key Financial Highlights (August 2026 vs. August 2025)
- Net Premiums Written: $7,605 million, up 6% from $7,199 million in August 2025.
- Net Premiums Earned: $7,354 million, up 5% from $7,036 million in August 2025.
- Net Income: $951 million, down 22% compared to $1,220 million in the prior-year period.
- Diluted EPS: $1.63 per share, down 21% from $2.07 per share.
- Combined Ratio: 89.3%, deteriorating by 6.2 percentage points from 83.1% in August 2025.
- Pretax Net Realized Gains on Securities: $108 million compared to $78 million in August 2025.
Policy Growth
- Total Policies in Force: 40.49 million, representing a 7% year-over-year increase.
- Personal Lines Auto - Direct: 16.88 million (+9% YoY)
- Personal Lines Auto - Agency: 11.34 million (+7% YoY)
- Special Lines: 7.38 million (+6% YoY)
- Property: 3.65 million (flat YoY)
- Commercial Lines: 1.25 million (+4% YoY)
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Important Disclaimer
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