Progressive: May net income up 36% to $1.45B; Personal Lines President Callahan to retire Jan 2027

PROGRESSIVE CORP/OH/

May 2026 net premiums earned $7.36B (+10% YoY); net income $1.45B (+36%); diluted EPS $2.47.
Combined ratio improved 4.8 pts to 82.1% aided by lower loss/LAE and favorable prior-year development of $226M.
Total policies in force reached 39.97M, up 8% YoY driven by 11% direct auto growth.
Personal Lines President Pat Callahan will retire Jan 2027 after 24 years; Lori Niederst promoted to Chief Personal Lines Officer, Heather Day to CRM President.
CFO Andrew Quigg receives new comp: $700k salary, 150% Gainshare target, plus $1.3M in RSUs effective July 4, 2026.

item 5.02 item 7.01 item 9.01

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Executive movements

Machine-extracted from this filing. Every card cites the SEC source. See all recent executive movements.

Appointed

Heather Day

CRM President

PGR · PROGRESSIVE CORP/OH/

Effective: 2026-07-04
Filed: June 17, 2026, 9:00 AM ET

In addition, on July 4, 2026, Heather Day, the Company’s General Manager, Customer Experience Strategy, will become the Company’s next CRM President.

Departed

Patrick K. Callahan

Personal Lines President

PGR · PROGRESSIVE CORP/OH/

Successor: Lori Niederst
Filed: June 17, 2026, 9:00 AM ET

On June 17, 2026, The Progressive Corporation (the “Company”) announced that Patrick K. Callahan intends to retire from his role as Personal Lines President in January 2027.

Appointed

Lori Niederst

Chief Personal Lines Officer

PGR · PROGRESSIVE CORP/OH/

Effective: 2026-07-04
Filed: June 17, 2026, 9:00 AM ET

on July 4, 2026, Lori Niederst, the Company’s CRM President, will be promoted to a newly created role of Chief Personal Lines Officer

Key facts

Extracted from this filing and checked against the source text.

Executive change SEC 8-K Item 5.02 confidence 0.95

Heather Day was appointed as CRM President at PROGRESSIVE CORP/OH/.

Action: promoted
Role: CRM President

Exact text from the filing

In addition, on July 4, 2026, Heather Day, the Company’s General Manager, Customer Experience Strategy, will become the Company’s next CRM President.

View on SEC.gov

Executive change SEC 8-K Item 5.02 confidence 0.95

Patrick K. Callahan departed as Personal Lines President at PROGRESSIVE CORP/OH/.

Action: intends to retire
Role: Personal Lines President

Exact text from the filing

On June 17, 2026, The Progressive Corporation (the “Company”) announced that Patrick K. Callahan intends to retire from his role as Personal Lines President in January 2027.

View on SEC.gov

Executive change SEC 8-K Item 5.02 confidence 0.95

Lori Niederst was appointed as Chief Personal Lines Officer at PROGRESSIVE CORP/OH/.

Action: promoted
Role: Chief Personal Lines Officer

Exact text from the filing

on July 4, 2026, Lori Niederst, the Company’s CRM President, will be promoted to a newly created role of Chief Personal Lines Officer

View on SEC.gov

PROGRESSIVE CORP/OH/ filing history →

Source: SEC EDGAR

accession 0000080661-26-000210

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