Progressive Q1 net income up 10% to $2.82B; diluted EPS $4.80 vs $4.37; combined ratio 86.4

PROGRESSIVE CORP/OH/

2026-Q1 EPS reported $4.80 vs consensus $4.91 ▼ miss (-2.2%)

Net income $2.82B ($4.80 diluted EPS) for Q1 2026, up from $2.57B ($4.37) in Q1 2025.
Net premiums earned $20.97B (+8% YoY); net premiums written $23.64B (+6%).
Companywide combined ratio 86.4 vs 86.0 in prior year; catastrophe losses contributed 1.3 points.
Policies in force grew 9% to 39.6M; Personal Lines agency auto +9%, direct auto +12%.
Book value per share $54.82; trailing 12-month ROE 35.0% on net income.

item 2.02 item 9.01

Key facts

Extracted from this filing and checked against the source text.

Earnings Releases SEC 8-K Item 2.02 confidence 0.95

PROGRESSIVE CORP/OH/ reported the month and quarter ended March 31, 2026 results: net income $ 2,818, EPS $ 4.80.

Period: the month and quarter ended March 31, 2026
Net income: $ 2,818
EPS: $ 4.80
Result: reported results

Exact text from the filing

2026 2025 Change Net premiums written $ 9,911 $ 9,041 10 % $ 23,641 $ 22,206 6 % Net premiums earned $ 7,519 $ 6,787 11 % $ 20,968 $ 19,409 8 % Net income $ 712 $ 522 36 % $ 2,818 $ 2,567 10 % Per share available to common shareholders $ 1.21 $ 0.89 37 % $ 4.80 $ 4.37 10 % Total pretax net realized gains (losses) on securities $ (218) $ (211) 3 % $ (120) $

View on SEC.gov

1347 earnings releases filed in the last 30 days. Browse all earnings releases →

PROGRESSIVE CORP/OH/ filing history →

Source: SEC EDGAR

accession 0000080661-26-000173

view filing index on sec.gov

view primary document

Machine-readable: JSON · Markdown · Plain text

This headline and bullets were generated automatically by deepseek-v4-flash:cloud@v2 from the public filing. Read the source on SEC.gov before relying on any specific claim. Not investment advice. See methodology for how this pipeline works.