Quarterly ResultAug 3, 2026, 09:46 AM
Progressive Q2 Diluted EPS $5.67, Net Income Up 4.3%
AI Summary
Progressive reported strong financial results for the second quarter and first six months of 2026. Diluted EPS increased 5.0% to $5.67, and net income rose 4.3% to $3,311 million for the quarter. Total revenues grew 7.3% to $23,609 million, driven by a 6.2% increase in net premiums earned and a 12.4% rise in investment income. However, net cash provided by operating activities for the first six months decreased by 13.2% year-over-year.
Key Highlights
- Diluted EPS for Q2 2026 rose 5.0% to $5.67 from $5.40 in Q2 2025.
- Net income for Q2 2026 increased 4.3% to $3,311 million from $3,175 million in Q2 2025.
- Total revenues for Q2 2026 grew 7.3% to $23,609 million from $22,004 million in Q2 2025.
- Net premiums earned for Q2 2026 increased 6.2% to $21,573 million from $20,310 million in Q2 2025.
- Net cash provided by operating activities for H1 2026 decreased 13.2% to $7,974 million.
- Investment income for Q2 2026 increased 12.4% to $979 million from $871 million in Q2 2025.
- Total investments as of June 30, 2026, were $97,221 million, up 9.7% from $88,610 million.
Price Impact
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