Monthly UpdateMay 20, 2026, 08:19 AM
Progressive April Net Income +10% to $1.087B; EPS $1.86
AI Summary
The Progressive Corporation reported strong financial results for April 2026, with net income increasing 10% to $1,087 million and earnings per share rising 11% to $1.86. The company also saw a 6% increase in net premiums written and a 7% rise in net premiums earned. Policies in force across both Personal and Commercial Lines demonstrated solid growth, although the combined ratio increased by 5.3 points.
Key Highlights
- Net premiums written increased 6% to $7,278 million in April 2026.
- Net premiums earned rose 7% to $7,112 million for the month.
- Net income grew 10% to $1,087 million compared to April 2025.
- Earnings per share available to common shareholders increased 11% to $1.86.
- The combined ratio was 90.2, up 5.3 points from 84.9 in April 2025.
- Total Personal Lines policies in force increased 9% to 38,560 thousand.
- Total Commercial Lines policies in force grew 3% to 1,207 thousand.
Price Impact
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