Quarterly ResultJul 15, 2026, 08:18 AM
Progressive Q2 Net Income $3.31B (+4%), Monthly Net Income Down 31%
AI Summary
Progressive reported its results for the month and quarter ended June 30, 2026. For the second quarter, net premiums written increased by 5% to $21.08 billion, and net income rose 4% to $3.31 billion, with EPS up 5% to $5.67. However, the combined ratio worsened by 1.1 percentage points to 87.3%. Monthly results for June showed a significant decline, with net income down 31% to $779 million and EPS down 30% to $1.34. Total policies in force grew 7% year-over-year to 40.09 million.
Key Highlights
- Q2 Net Premiums Written: $21.08B, up 5% YoY.
- Q2 Net Premiums Earned: $21.57B, up 6% YoY.
- Q2 Net Income: $3.31B, up 4% YoY.
- Q2 EPS: $5.67, up 5% YoY.
- Q2 Combined Ratio: 87.3%, up 1.1 percentage points.
- June Net Income: $779M, down 31% YoY.
- Total Policies in Force: 40.09M, up 7% YoY.
- Personal Lines Policies in Force: 38.86M, up 8% YoY.
Price Impact
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