---
schema_version: "secwatch.filing_event.v1"
accession: "0000080661-24-000016"
form_type: "8-K"
ticker: "PGR"
cik: "0000080661"
company_name: "PROGRESSIVE CORP/OH/"
filed_at: "2024-04-12T23:59:59+00:00"
generated_at: "2026-06-03T23:42:33.941878+00:00"
event_type: "earnings"
sentiment: "positive"
materiality_score: 0.85
calibrated_materiality_score: 0.85
confidence: "high"
source: SEC EDGAR
---

# Progressive Q1 net income surges 421% to $2.33B; combined ratio improves to 86.1

## Summary
- Net income $2,331.4M vs $447.9M YoY; diluted EPS $3.94 vs $0.75.
- Combined ratio improved 12.9 pts to 86.1 from 99.0 YoY.
- Net premiums written $18.96B, up 18% YoY; net premiums earned $16.15B, up 19%.
- Companywide policies in force grew 7% to 30.8M as of March 31, 2024.
- Calendar conversion may affect monthly YoY comparisons through Sept 2024.

## SEC filing metadata
- accession: 0000080661-24-000016
- form_type: 8-K
- ticker: PGR
- cik: 0000080661
- company_name: PROGRESSIVE CORP/OH/
- filed_at: 2024-04-12T23:59:59+00:00
- event_type: earnings
- sentiment: positive
- materiality_score: 0.85
- calibrated_materiality_score: 0.85
- confidence: high
- sec_items: 2.02, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/80661/000008066124000016/0000080661-24-000016-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/80661/000008066124000016/pgr-20240412.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0000080661-24-000016
- JSON: https://secwatch.observer/filing/0000080661-24-000016.json
- Plain text: https://secwatch.observer/filing/0000080661-24-000016.txt

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