secwatch.observer — SEC 8-K summary
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Issuer:     PROGRESSIVE CORP/OH/ (PGR)
CIK:        0000080661
Form:       8-K
Filed at:   2026-03-18T23:59:59+00:00
Accession:  0000080661-26-000096
Event type: earnings
Sentiment:  neutral
Materiality: 0.55
Item codes: 7.01, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

Progressive reports February net income $943M, combined ratio 85.7, NPW up 5%
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- Net premiums written $6.995B, up 5% YoY; net premiums earned $6.528B, up 8%.
- Net income $943M ($1.61 diluted EPS), up 2% from $928M ($1.58) in Feb 2025.
- Combined ratio of 85.7 vs 82.6 a year ago, driven by higher loss/LAE ratio (65.0 vs 62.7).
- Total policies in force 39.22M, up 10% YoY; Personal Lines +10%, Commercial +3%.
- February closing nuance reduced NPW growth by ~2-3 pts; Q1 growth expected unaffected.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/80661/000008066126000096/0000080661-26-000096-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/80661/000008066126000096/pgr-20260318.htm
  HTML page:      https://secwatch.observer/filing/0000080661-26-000096

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