{"schema_version":"secwatch.filing_event.v1","accession":"0000080661-26-000173","form_type":"8-K","ticker":"PGR","cik":"0000080661","company_name":"PROGRESSIVE CORP/OH/","filed_at":"2026-04-15T23:59:59+00:00","discovered_at":"2026-05-14T18:02:33.753824+00:00","generated_at":"2026-05-15T06:15:10.563283+00:00","sec_items":["2.02","9.01"],"event_type":"earnings","sentiment":"positive","materiality_score":0.7,"calibrated_materiality_score":0.7,"confidence":"high","headline":"Progressive Q1 net income up 10% to $2.82B; diluted EPS $4.80 vs $4.37; combined ratio 86.4","bullets":["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."],"urls":{"canonical":"https://secwatch.observer/filing/0000080661-26-000173","json":"https://secwatch.observer/filing/0000080661-26-000173.json","markdown":"https://secwatch.observer/filing/0000080661-26-000173.md","text":"https://secwatch.observer/filing/0000080661-26-000173.txt","edgar_index":"https://www.sec.gov/Archives/edgar/data/80661/000008066126000173/0000080661-26-000173-index.htm","edgar_primary_document":"https://www.sec.gov/Archives/edgar/data/80661/000008066126000173/pgr-20260415.htm"},"model":{"generated_by":"deepseek-v4-flash:cloud@v2","generated_at":"2026-05-15T06:15:10.563283+00:00"},"review":{"review_status":"machine_generated","human_reviewed":false,"corrected":false,"correction_note":null,"correction_timestamp":null,"superseded_by":null,"related_filings":[]},"source_grounded_claims":[{"claim_id":"c6d750fc1e3fd56c18c2762e2c33138b18b071d1","claim":"PROGRESSIVE CORP/OH/ reported the month and quarter ended March 31, 2026 results: net income $ 2,818, EPS $ 4.80.","evidence_excerpt":"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) $","evidence_source":"SEC 8-K Item 2.02","evidence_url":"https://www.sec.gov/Archives/edgar/data/80661/000008066126000173/0000080661-26-000173-index.htm","confidence":0.95,"family_label":"Earnings Releases","details":[{"label":"Period","value":"the month and quarter ended March 31, 2026"},{"label":"Net income","value":"$ 2,818"},{"label":"EPS","value":"$ 4.80"},{"label":"Result","value":"reported results"}],"fact_type":"earnings_release"}],"license":"Source filings: public domain (SEC EDGAR). Summaries (headline + bullets): CC-BY-4.0; attribute https://secwatch.observer"}