---
schema_version: "secwatch.filing_event.v1"
accession: "0000080661-26-000262"
form_type: "8-K"
ticker: "PGR"
cik: "0000080661"
company_name: "PROGRESSIVE CORP/OH/"
filed_at: "2026-07-15T13:50:55+00:00"
generated_at: "2026-07-15T13:52:05.014466+00:00"
event_type: "earnings"
sentiment: "negative"
materiality_score: 0.7
calibrated_materiality_score: 0.7
confidence: "high"
source: SEC EDGAR
---

# Progressive June net income falls 31% to $779M; combined ratio worsens to 90.0

## Summary
- June net income $779M ($1.34 diluted EPS) vs $1.124B ($1.91) a year ago, down 31%.
- Combined ratio 90.0 vs 86.6 in June 2025, driven by higher loss/LAE ratio.
- Quarter net income $3.311B ($5.67 diluted EPS) up 4% from $3.175B ($5.40) in 2025.
- Total policies in force 40.1M, up 7% YoY; Personal Lines agency auto up 8%, direct auto up 10%.
- Property segment benefited from a one-time favorable 11.7-point actuarial methodology change.

## SEC filing metadata
- accession: 0000080661-26-000262
- form_type: 8-K
- ticker: PGR
- cik: 0000080661
- company_name: PROGRESSIVE CORP/OH/
- filed_at: 2026-07-15T13:50:55+00:00
- event_type: earnings
- sentiment: negative
- 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/80661/000008066126000262/0000080661-26-000262-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/80661/000008066126000262/pgr-20260715.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0000080661-26-000262
- JSON: https://secwatch.observer/filing/0000080661-26-000262.json
- Plain text: https://secwatch.observer/filing/0000080661-26-000262.txt

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