Progressive Reports July 2026 Results

Progressive Reports Mixed July 2026 Results with Premium Growth but Declining Net Income

The Progressive Corporation reported July 2026 financial results showing a 5% increase in net premiums written and earned compared to July 2025, reflecting growth in personal and commercial lines. However, net income declined by 12%, and the combined ratio worsened by 1.5 points. Policies in force increased by 7%, driven mainly by gains in auto insurance. The negative realized losses on securities impacted overall results.

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Key Points

Net premiums written and earned increased 5% year-over-year, indicating growth in insurance sales.
Net income fell 12% to $961 million despite premium growth, influenced by market-related losses on securities.
Policies in force grew 7%, with notable gains in personal auto and direct auto insurance lines.
This results update impacts the insurance sector, particularly personal and commercial auto, homeowners, and specialty lines markets.

MAYFIELD VILLAGE, OHIO, Aug. 19, 2026 (GLOBE NEWSWIRE) -- The Progressive Corporation (NYSE:PGR) today reported the following results for the month ended July 31, 2026:

July(millions, except per share amounts and ratios; unaudited) 2026 2025 ChangeNet premiums written$7,441 $7,057 5 %Net premiums earned$7,355 $6,986 5 %Net income$961 $1,090 (12)%Per share available to common shareholders$1.65 $1.85 (11)%Total pretax net realized gains (losses) on securities$(47) $79 (159)%Combined ratio 86.8 85.3 1.5 pts.Average diluted equivalent common shares 582.9 588.2 (1)%

July 31,(thousands; unaudited)
2026 2025 % ChangePolicies in Force Personal Lines Agency – auto11,282 10,510 7Direct – auto16,800 15,392 9Special lines7,351 6,915 6Property3,635 3,622 0Total Personal Lines39,068 36,439 7Commercial Lines1,236 1,194 4Total40,304 37,633 7

See Progressive’s complete monthly earnings release for additional information.

About Progressive

Progressive Insurance® makes it easy to understand, buy and use car insurance, home insurance, and other protection needs. Progressive offers choices so consumers can reach us however it’s most convenient for them — online at progressive.com, by phone at 1-800-PROGRESSIVE, via the Progressive mobile app, or in-person with a local agent.

Progressive provides insurance for personal and commercial autos and trucks, motorcycles, boats, recreational vehicles, and homes; it is a leading seller of personal auto, commercial auto, motorcycle, and boat insurance, and one of the top 15 homeowners insurance carriers in the United States.

Founded in 1937, Progressive continues its long history of offering shopping tools and services that save customers time and money, like Name Your Price®, Snapshot®, and HomeQuote Explorer®.

The Common Shares of The Progressive Corporation, the Mayfield Village, Ohio-based holding company, trade publicly at NYSE: PGR.

Company Contact:
Julianna Paterra, CFA
(719) 432-2509
[email protected]

The Progressive Corporation
300 North Commons Blvd.
Mayfield Village, Ohio 44143
http://www.progressive.com

Download PDF: Progressive July 2026 Complete Earnings Release

Risks

Declining net income with increased combined ratio suggests underwriting and operational challenges within the insurance sector.
Significant pretax net realized losses on securities (-$47 million) introduce investment income volatility risk.
Competitive pressures and changing market conditions could impact future policy growth and profitability in personal and commercial insurance lines.

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Progressive Reports July 2026 Results

Key Points

Risks

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