secwatch.observer — SEC 8-K summary
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Issuer:     PROGRESSIVE CORP/OH/ (PGR)
CIK:        0000080661
Form:       8-K
Filed at:   2026-01-28T23:59:59+00:00
Accession:  0000080661-26-000071
Event type: earnings
Sentiment:  positive
Materiality: 0.75
Item codes: 2.02, 5.02, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

Progressive Q4 net income $1.15B (+22% YoY); CFO Sauerland to retire July 3, 2026
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- Q4 diluted EPS $1.95, up 22% YoY; net premiums earned $7.12B, up 6%.
- Full-year net income $11.31B, up 33%; diluted EPS $19.23 from $14.40.
- Q4 combined ratio 87.1 (worsened 3 pts YoY); full-year combined ratio 87.4 (improved 0.5 pts).
- Total policies in force up 10% to 38.6M; net premiums written for year up 12% to $83.2B.
- CFO John Sauerland retiring July 3, 2026; Andrew Quigg (Chief Strategy Officer) expected to succeed.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/80661/000008066126000071/0000080661-26-000071-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/80661/000008066126000071/pgr-20260126.htm
  HTML page:      https://secwatch.observer/filing/0000080661-26-000071

License: Source filings: public domain (SEC EDGAR). Summaries (headline + bullets): CC-BY-4.0; attribute https://secwatch.observer