secwatch.observer — SEC 8-K summary
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Issuer:     PROGRESSIVE CORP/OH/ (PGR)
CIK:        0000080661
Form:       8-K
Filed at:   2026-04-15T23:59:59+00:00
Accession:  0000080661-26-000173
Event type: earnings
Sentiment:  positive
Materiality: 0.70
Item codes: 2.02, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

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

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/80661/000008066126000173/0000080661-26-000173-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/80661/000008066126000173/pgr-20260415.htm
  HTML page:      https://secwatch.observer/filing/0000080661-26-000173

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