---
schema_version: "secwatch.filing_event.v1"
accession: "0000080661-24-000012"
form_type: "8-K"
ticker: "PGR"
cik: "0000080661"
company_name: "PROGRESSIVE CORP/OH/"
filed_at: "2024-03-15T23:59:59+00:00"
generated_at: "2026-06-04T18:21:46.991286+00:00"
event_type: "earnings"
sentiment: "positive"
materiality_score: 0.75
calibrated_materiality_score: 0.75
confidence: "high"
source: SEC EDGAR
---

# Progressive Feb 2024 combined ratio 86.8% (vs 95.1% YoY); net income $737M, EPS $1.24

## Summary
- Net income $737.1M ($1.24 diluted EPS); net premiums written $5,720.5M.
- Current-year combined ratio 86.8% improved from 95.1% in Feb 2023, driven by lower loss/LAE ratio.
- Companywide policies in force 30.28M, up 7% YoY; Personal Lines up 7%, Property up 10%.
- Pretax net realized gains on securities $80.7M; total portfolio FTE return -0.5% for Feb.
- Calendar conversion may affect YoY comparisons through Sep 2024; policies in force recommended as growth measure.

## SEC filing metadata
- accession: 0000080661-24-000012
- form_type: 8-K
- ticker: PGR
- cik: 0000080661
- company_name: PROGRESSIVE CORP/OH/
- filed_at: 2024-03-15T23:59:59+00:00
- event_type: earnings
- sentiment: positive
- materiality_score: 0.75
- calibrated_materiality_score: 0.75
- confidence: high
- sec_items: 7.01, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/80661/000008066124000012/0000080661-24-000012-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/80661/000008066124000012/pgr-20240315.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0000080661-24-000012
- JSON: https://secwatch.observer/filing/0000080661-24-000012.json
- Plain text: https://secwatch.observer/filing/0000080661-24-000012.txt

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