Monthly UpdateSep 18, 2026, 08:49 AM
Progressive August Net Premiums Up 6%; Net Income Down 22%
AI Summary
Progressive Corporation released its financial results for the month and year-to-date periods ended August 31, 2026. For the month of August, net premiums written increased by 6% year-over-year to $7,605 million, while net income decreased by 22% to $951 million. The combined ratio also widened to 89.3 from 83.1. Year-to-date, total revenues grew by 6.9% to $61,555 million, with net income remaining relatively flat at $8,041 million.
Key Highlights
- Progressive reported August 2026 net premiums written of $7,605 million, a 6% increase year-over-year.
- Net income for August 2026 was $951 million, a decrease of 22% compared to August 2025.
- August 2026 combined ratio was 89.3, an increase of 6.2 points from 83.1 in August 2025.
- Total policies in force increased by 7% to 40,492 thousand as of August 31, 2026, compared to August 31, 2025.
- Year-to-date net income was $8,041 million, a slight decrease of 0.1% from $8,052 million in the prior year.
- Year-to-date total revenues increased by 6.9% to $61,555 million for the period ended August 31, 2026.
Price Impact
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