---
schema_version: "secwatch.filing_event.v1"
accession: "0000080661-24-000028"
form_type: "8-K"
ticker: "PGR"
cik: "0000080661"
company_name: "PROGRESSIVE CORP/OH/"
filed_at: "2024-07-16T23:59:59+00:00"
generated_at: "2026-05-31T20:37:05.860747+00:00"
event_type: "earnings"
sentiment: "positive"
materiality_score: 0.85
calibrated_materiality_score: 0.85
confidence: "high"
source: SEC EDGAR
---

# Progressive Q2 net income up 322% to $1.46B; combined ratio improves to 91.9

## Summary
- Net premiums written $17.9B in Q2, up 22% YoY; net premiums earned $17.2B, up 19%.
- Diluted EPS $2.48 vs $0.57 in Q2 2023, up 334%; net income $1.46B vs $345M.
- Combined ratio 91.9% vs 100.4% a year ago, driven by lower loss/LAE ratio of 70.4%.
- Companywide policies in force 32.3M, up 9% YoY; Personal Lines auto policies up 10%.
- Year-to-date net income $3.79B vs $793M; book value per share $39.85; ROE 35.4%.

## SEC filing metadata
- accession: 0000080661-24-000028
- form_type: 8-K
- ticker: PGR
- cik: 0000080661
- company_name: PROGRESSIVE CORP/OH/
- filed_at: 2024-07-16T23:59:59+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/80661/000008066124000028/0000080661-24-000028-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/80661/000008066124000028/pgr-20240716.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0000080661-24-000028
- JSON: https://secwatch.observer/filing/0000080661-24-000028.json
- Plain text: https://secwatch.observer/filing/0000080661-24-000028.txt

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