| Metric | Value ($ M) | Q1 FY26 | Q2 FY25 |
|---|---|---|---|
| Revenue | 23.6K | 6.4% | 7.3% |
| Total Income | 23.6K | 6.4% | 7.3% |
| Expenditure | 19.4K | 4.2% | 7.7% |
| PBT | 4.2K | 18.0% | 5.7% |
| Net Profit | 3.3K | 17.5% | 4.3% |
| OPM | — | ||
| NPM | 14.02% | 1.32pp | 0.41pp |
| EPS | 5.68 | 18.1% | 4.8% |
The Progressive Corporation Reports June 2026 Results
15 Jul 2026 · 15 Jul, 7:31 pm
Summary
The Progressive Corporation reported results for the month and quarter ended June 30, 2026. For the month of June, net premiums written increased 3% year-over-year to $6,772 million, and net premiums earned rose 2% to $7,100 million. However, net income for the month saw a significant decrease of 31% to $779 million, with earnings per share down 30%. The company's combined ratio also widened by 3.4 points to 90.0. Year-to-date, net income showed a modest 4% increase to $6,129 million. Total policies in force grew 7% by the end of June.
Key Highlights
- 1
For the month of June 2026, net premiums written were $6,772 million, a 3% increase compared to June 2025.
- 2
Net premiums earned for June 2026 increased by 2% to $7,100 million compared to the prior year.
- 3
Net income for June 2026 decreased by 31% to $779 million, compared to $1,124 million in June 2025.
- 4
Earnings per share for common shareholders in June 2026 were $1.34, a 30% decrease from $1.91 in June 2025.
- 5
The combined ratio for June 2026 was 90.0, an increase of 3.4 points from 86.6 in June 2025.
- 6
Total policies in force across all lines increased by 7% to 40,086 thousand as of June 30, 2026, compared to 37,315 thousand as of June 30, 2025.
- 7
Year-to-date net income increased by 4% to $6,129 million for the period ended June 30, 2026, compared to $5,742 million for the same period in 2025.
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