---
schema_version: "secwatch.filing_event.v1"
accession: "0000080661-23-000031"
form_type: "8-K"
ticker: "PGR"
cik: "0000080661"
company_name: "PROGRESSIVE CORP/OH/"
filed_at: "2023-06-14T23:59:59+00:00"
generated_at: "2026-06-14T01:40:48.957070+00:00"
event_type: "earnings"
sentiment: "neutral"
materiality_score: 0.7
calibrated_materiality_score: 0.7
confidence: "high"
source: SEC EDGAR
---

# Progressive May net income $108M, EPS $0.18; combined ratio 99.0; issues $500M notes

## Summary
- Net premiums written $4.32B (+16% YoY); net income $108.2M (+17% YoY); diluted EPS $0.18.
- Combined ratio 99.0 vs 96.5 last year; unfavorable prior-year reserve development of 4.6 points, mainly in FL auto.
- Total policies in force 29.5M (+11% YoY); personal auto policies up 14% to 19.7M.
- Issued $500M 4.95% Senior Notes due 2033; net proceeds $496.3M.
- YTD net income $752.4M (+262% YoY); YTD combined ratio 98.7.

## SEC filing metadata
- accession: 0000080661-23-000031
- form_type: 8-K
- ticker: PGR
- cik: 0000080661
- company_name: PROGRESSIVE CORP/OH/
- filed_at: 2023-06-14T23:59:59+00:00
- event_type: earnings
- sentiment: neutral
- materiality_score: 0.7
- calibrated_materiality_score: 0.7
- confidence: high
- sec_items: 7.01, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/80661/000008066123000031/0000080661-23-000031-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/80661/000008066123000031/pgr-20230614.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0000080661-23-000031
- JSON: https://secwatch.observer/filing/0000080661-23-000031.json
- Plain text: https://secwatch.observer/filing/0000080661-23-000031.txt

This AI-assisted summary is a reading aid. Review the linked SEC EDGAR filing before relying on any specific claim.