secwatch.observer — SEC 8-K summary
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Issuer:     PROGRESSIVE CORP/OH/ (PGR)
CIK:        0000080661
Form:       8-K
Filed at:   2026-09-18T12:38:53+00:00
Accession:  0000080661-26-000322
Event type: earnings
Sentiment:  negative
Materiality: 0.60
Item codes: 7.01, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

Progressive August net income falls 22% to $951M; combined ratio 89.3 vs 83.1
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- August net premiums written $7.605B, up 6% YoY; net premiums earned $7.354B, up 5%.
- Net income $951M, down 22% YoY; EPS $1.63 vs $2.07; combined ratio 89.3 vs 83.1.
- Catastrophe loss ratio 1.9% in August; favorable prior-year reserve development $131M.
- Policies in force 40.492M, up 7% YoY; commercial lines NPW up 13%.
- YTD net income $8.041B, virtually flat; diluted EPS $13.75 vs $13.69; book value $60.92.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/80661/000008066126000322/0000080661-26-000322-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/80661/000008066126000322/pgr-20260918.htm
  HTML page:      https://secwatch.observer/filing/0000080661-26-000322

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