---
schema_version: "secwatch.filing_event.v1"
accession: "0000080661-24-000026"
form_type: "8-K"
ticker: "PGR"
cik: "0000080661"
company_name: "PROGRESSIVE CORP/OH/"
filed_at: "2024-06-14T23:59:59+00:00"
generated_at: "2026-06-01T04:29:15.701620+00:00"
event_type: "earnings"
sentiment: "neutral"
materiality_score: 0.55
calibrated_materiality_score: 0.55
confidence: "high"
source: SEC EDGAR
---

# Progressive reports May net income $235.7M, combined ratio 100.4 on $722M catastrophe losses

## Summary
- Net premiums written $5.98B, earned $5.86B for May; YTD net income $2.99B, diluted EPS $5.06.
- Combined ratio 100.4 (prior year 99.0) due to $722M net catastrophe losses (12.3 ratio points) from severe storms.
- Policies in force up 8% YoY to 31.9M; personal auto policies +8% to 21.3M.
- Investment income $232.6M; pretax net realized gains $117.6M; book value $37.94/share.
- Recorded $95M Property reinsurance recoverable; nearing annual aggregate excess retention thresholds.

## SEC filing metadata
- accession: 0000080661-24-000026
- form_type: 8-K
- ticker: PGR
- cik: 0000080661
- company_name: PROGRESSIVE CORP/OH/
- filed_at: 2024-06-14T23:59:59+00:00
- event_type: earnings
- sentiment: neutral
- materiality_score: 0.55
- calibrated_materiality_score: 0.55
- confidence: high
- sec_items: 7.01, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/80661/000008066124000026/0000080661-24-000026-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/80661/000008066124000026/pgr-20240614.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0000080661-24-000026
- JSON: https://secwatch.observer/filing/0000080661-24-000026.json
- Plain text: https://secwatch.observer/filing/0000080661-24-000026.txt

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