secwatch.observer — SEC 8-K summary
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Issuer:     PROGRESSIVE CORP/OH/ (PGR)
CIK:        0000080661
Form:       8-K
Filed at:   2026-08-19T13:08:04+00:00
Accession:  0000080661-26-000315
Event type: earnings
Sentiment:  negative
Materiality: 0.50
Item codes: 7.01, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

Progressive July net income down 12% to $961M; combined ratio 86.8 vs 85.3
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- July net premiums written $7,441M (+5% YoY); net premiums earned $7,355M (+5%).
- Net income $961M (-12% YoY); diluted EPS $1.65 vs $1.85; pretax realized losses on securities -$47M.
- Combined ratio 86.8 vs 85.3 (1.5 pts worse); catastrophe loss ratio 2.1 pts.
- YTD net income $7,090M (+4% YoY); diluted EPS $12.12 vs $11.62; NPW $52,159M (+6%).
- Policies in force 40.3M (+7% YoY); book value per share $59.64.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/80661/000008066126000315/0000080661-26-000315-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/80661/000008066126000315/pgr-20260819.htm
  HTML page:      https://secwatch.observer/filing/0000080661-26-000315

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