---
schema_version: "secwatch.filing_event.v1"
accession: "0000080661-23-000047"
form_type: "8-K"
ticker: "PGR"
cik: "0000080661"
company_name: "PROGRESSIVE CORP/OH/"
filed_at: "2023-10-13T23:59:59+00:00"
generated_at: "2026-06-10T00:22:52.636304+00:00"
event_type: "earnings"
sentiment: "positive"
materiality_score: 0.75
calibrated_materiality_score: 0.75
confidence: "high"
source: SEC EDGAR
---

# Progressive Sept net income $369M vs year-ago loss; combined ratio improves 26.5 pts to 89.7

## Summary
- September net premiums written $4.9B (+22% YoY); net income $369.3M vs loss $684.4M.
- Combined ratio 89.7, down from 116.2, on lower loss/LAE ratio; net catastrophe loss ratio 1.8 pts.
- Q3 net premiums written $15.6B (+20% YoY); net income $1.12B vs $124.1M; combined ratio 92.4 vs 99.2.
- Companywide policies in force 29.6M, up 10% YoY; Direct auto policies up 14% to 11.2M.
- Series B preferred dividend declared $20.753157/share (~$10.4M aggregate), payable Dec 15 to Dec 1 record holders.

## SEC filing metadata
- accession: 0000080661-23-000047
- form_type: 8-K
- ticker: PGR
- cik: 0000080661
- company_name: PROGRESSIVE CORP/OH/
- filed_at: 2023-10-13T23:59:59+00:00
- event_type: earnings
- sentiment: positive
- materiality_score: 0.75
- calibrated_materiality_score: 0.75
- confidence: high
- sec_items: 2.02, 7.01, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/80661/000008066123000047/0000080661-23-000047-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/80661/000008066123000047/pgr-20231013.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0000080661-23-000047
- JSON: https://secwatch.observer/filing/0000080661-23-000047.json
- Plain text: https://secwatch.observer/filing/0000080661-23-000047.txt

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