---
schema_version: "secwatch.filing_event.v1"
accession: "0000080661-26-000204"
form_type: "8-K"
ticker: "PGR"
cik: "0000080661"
company_name: "PROGRESSIVE CORP/OH/"
filed_at: "2026-05-20T12:33:11+00:00"
generated_at: "2026-05-20T12:36:46.571051+00:00"
event_type: "earnings"
sentiment: "negative"
materiality_score: 0.65
calibrated_materiality_score: 0.65
confidence: "high"
source: SEC EDGAR
---

# Progressive April net income up 10% to $1.09B but combined ratio rises to 90.2 from 84.9 on cat losses

## Summary
- Net premiums written $7.28B (+6% YoY); net premiums earned $7.11B (+7%).
- Net income $1.09B ($1.86 diluted EPS) vs $986M ($1.68) last year; YTD net income $3.91B ($6.66 diluted).
- Combined ratio 90.2% vs 84.9% last April; YTD combined ratio 87.4%; net catastrophe loss ratio 7.0% (companywide).
- Policies in force 39.8M (+8% YoY); Personal Lines auto direct +11%, agency auto +8%.
- Total pretax net realized gains on securities $402M (vs -$3M last year) drove earnings.

## SEC filing metadata
- accession: 0000080661-26-000204
- form_type: 8-K
- ticker: PGR
- cik: 0000080661
- company_name: PROGRESSIVE CORP/OH/
- filed_at: 2026-05-20T12:33:11+00:00
- event_type: earnings
- sentiment: negative
- materiality_score: 0.65
- calibrated_materiality_score: 0.65
- confidence: high
- sec_items: 7.01, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/80661/000008066126000204/0000080661-26-000204-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/80661/000008066126000204/pgr-20260520.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0000080661-26-000204
- JSON: https://secwatch.observer/filing/0000080661-26-000204.json
- Plain text: https://secwatch.observer/filing/0000080661-26-000204.txt

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