---
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"
generated_at: "2026-05-15T06:15:10.563283+00:00"
event_type: "earnings"
sentiment: "positive"
materiality_score: 0.7
calibrated_materiality_score: 0.7
confidence: "high"
source: SEC EDGAR
---

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

## Summary
- 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.

## SEC filing metadata
- 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
- event_type: earnings
- sentiment: positive
- materiality_score: 0.7
- calibrated_materiality_score: 0.7
- confidence: high
- sec_items: 2.02, 9.01
- 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

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0000080661-26-000173
- JSON: https://secwatch.observer/filing/0000080661-26-000173.json
- Plain text: https://secwatch.observer/filing/0000080661-26-000173.txt

## Key facts
- Earnings Releases
  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
  source text: 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_url: https://www.sec.gov/Archives/edgar/data/80661/000008066126000173/0000080661-26-000173-index.htm

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