Progressive Reports March 2026 Results

The Progressive Corporation reports strong March 2026 quarterly results with growth in premiums and net income.

By Marcus Reed PGR

PGR

The Progressive Corporation reported solid financial results for March 2026 and the first quarter, showing growth in net premiums written by 10% for the month and 6% for the quarter. Net income increased by 36% in March and 10% for the quarter compared to the previous year. The combined ratio improved slightly for the month but was flat for the quarter. Policies in force grew 9% overall, with gains in both personal and commercial lines. The results demonstrate Progressive’s continued market strength in personal and commercial auto insurance sectors.

Key Points

Net premiums written increased by 10% in March 2026 and 6% in the first quarter 2026.
Net income rose 36% in March 2026 and 10% for the first quarter compared to the same period in 2025.
Policies in force grew 9% overall, with strong growth in agency and direct auto lines.
The combined ratio improved to 88.8 for March, indicating effective underwriting and expense management.

MAYFIELD VILLAGE, OHIO, April 15, 2026 (GLOBE NEWSWIRE) -- The Progressive Corporation (NYSE:PGR) today reported the following results for the month and quarter ended March 31, 2026:

MarchQuarter(millions, except per share amounts and ratios; unaudited)2026 2025 Change2026 2025 ChangeNet premiums written$9,911 $9,041 10 %$23,641 $22,206 6 %Net premiums earned$7,519 $6,787 11 %$20,968 $19,409 8 %Net income$712 $522 36 %$2,818 $2,567 10 %Per share available to common shareholders$1.21 $0.89 37 %$4.80 $4.37 10 %Total pretax net realized gains (losses) on securities$(218) $(211) 3 %$(120) $(212) (43)%Combined ratio 88.8 90.9 (2.1)pts. 86.4 86.0 0.4 pts.Average diluted equivalent common shares 586.2 587.7 0 % 586.9 587.7 0 %

March 31,(thousands; unaudited)
2026 2025 % ChangePolicies in Force Personal Lines Agency – auto11,056 10,146 9Direct – auto16,572 14,771 12Special lines7,101 6,637 7Property3,640 3,576 2 Total Personal Lines38,369 35,130 9Commercial Lines1,196 1,162 3Total39,565 36,292 9

See Progressive’s complete monthly earnings release, including the "Monthly Commentary," 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 the second largest personal auto insurer in the country, a leading seller of commercial auto, motorcycle, and boat insurance, and one of the top 15 homeowners insurance carriers.

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:
Douglas S. Constantine
(440) 395-3707
[email protected]

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

Download PDF: Progressive March 2026 Complete Earnings Release

Risks

Total pretax net realized losses on securities slightly increased, which may impact investment income.
The combined ratio for the quarter (86.4) was approximately flat year over year, indicating stable but competitive underwriting conditions.
Exposure to fluctuations in the personal and commercial auto insurance markets, impacted by claims trends and market competition.

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Progressive Reports March 2026 Results

Key Points

Risks

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