Monthly UpdateMay 20, 2026, 08:37 AM
Progressive Reports April Net Income +10% to $1.09B
AI Summary
The Progressive Corporation reported strong financial results for April 2026 and year-to-date. Net income for April increased by 10% to $1.09 billion, with diluted EPS rising 11% to $1.86. Year-to-date net income also grew 10% to $3.91 billion, and total policies in force expanded by 8% to 39.77 million.
Key Highlights
- April net premiums written increased 6% to $7.28 billion.
- April net income rose 10% to $1.09 billion, with diluted EPS up 11% to $1.86.
- Year-to-date net premiums earned grew 8% to $28.08 billion.
- Year-to-date net income increased 10% to $3.91 billion, with diluted EPS at $6.66.
- Total policies in force grew 8% to 39.77 million as of April 30, 2026.
- The company repurchased 956,615 common shares in April at an average cost of $200.60.
- April's combined ratio was 90.2, while the year-to-date combined ratio improved to 87.4.
- Total pretax net realized gains on securities were $402 million for April.
Price Impact
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