Press Releases June 17, 2026 08:22 AM

Progressive Reports May 2026 Results

Progressive Reports Strong May 2026 Financial Results with Increased Premiums and Net Income

By Ajmal Hussain
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The Progressive Corporation announced its May 2026 financial results, highlighting a 6% increase in net premiums written and a 36% rise in net income compared to May 2025. The company's combined ratio improved by 4.8 points, reflecting enhanced underwriting efficiency. Policies in force grew across personal and commercial lines, demonstrating solid business expansion.

Progressive Reports May 2026 Results
PGR
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Key Points

  • Net premiums written rose 6% year-over-year to $7.027 billion, indicating strong sales growth.
  • Net income increased 36% to $1.445 billion, boosted by improved underwriting and investment gains.
  • Combined ratio improved from 86.9 to 82.1, showing better profitability and cost management.

MAYFIELD VILLAGE, OHIO, June 17, 2026 (GLOBE NEWSWIRE) -- The Progressive Corporation (NYSE:PGR) today reported the following results for the month ended May 31, 2026:

 May (millions, except per share amounts and ratios; unaudited)2026
 2025
 Change Net premiums written$7,027 $6,634 6 % Net premiums earned$7,361 $6,715 10 % Net income$1,445 $1,065 36 % Per share available to common shareholders$2.47 $1.81 36 % Total pretax net realized gains (losses) on securities$215 $211 2 % Combined ratio 82.1  86.9 (4.8)pts. Average diluted equivalent common shares 584.2  587.7 (1)%            


 May 31, (thousands; unaudited)
2026 2025 % Change Policies in Force      Personal Lines      Agency – auto11,172 10,341 8 Direct – auto16,715 15,089 11 Special lines7,234 6,787 7 Property3,632 3,601 1     Total Personal Lines38,753 35,818 8 Commercial Lines1,217 1,184 3 Total39,970 37,002 8               

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
(231) 600-3060
[email protected]

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

Download PDF: Progressive May 2026 Complete Earnings Release


Risks

  • Potential market volatility impacting investment income and realized gains on securities.
  • Competitive pressures in the insurance market could affect premium growth and retention.
  • Regulatory changes in insurance could influence underwriting practices and profitability.

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