Progressive Reports April 2026 Results

Progressive (NYSE:PGR) reported April 2026 monthly results with higher premiums, earnings, and policies in force versus April 2025.

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Rhea-AI Sentiment

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Rhea-AI Summary

Progressive (NYSE:PGR) reported April 2026 monthly results with higher premiums, earnings, and policies in force versus April 2025.

Net premiums written rose 6% to $7.3B, net income increased 10% to $1.1B, while the combined ratio worsened by 5.3 points to 90.2.

Positive

Net premiums written up 6% year over year to $7.3 billion
Net premiums earned up 7% year over year to $7.1 billion
Net income up 10% year over year to $1.1 billion
Diluted EPS available to common shareholders up 11% to $1.86
Pretax net realized securities gains of $402 million versus a $3 million loss
Total policies in force up 8% to 39.8 million
Personal Lines policies in force up 9% to 38.6 million

Negative

Combined ratio increased 5.3 points year over year to 90.2
Property policies in force grew only 1% year over year
Commercial Lines policies in force up 3%, below overall policy growth

Argus May 20 session

-0.13% close to close Open Argus

Details

News Market Reaction – PGR

On May 20, the day this news came out, PGR closed 0.13% below the previous close.

Data tracked by StockTitan Argus for the May 20 session.

Key Figures

Net premiums written: $7,278M Net premiums earned: $7,112M Net income: $1,087M +5 more

Net premiums written: $7,278M; April 2026 vs $6,837M April 2025 (6% increase)
Net premiums earned: $7,112M; April 2026 vs $6,641M April 2025 (7% increase)
Net income: $1,087M; April 2026 vs $986M April 2025 (10% increase)
EPS: $1.86; Per share available to common, April 2026 vs $1.68 2025 (11% increase)
Pretax net realized gains: $402M; Total pretax net realized gains on securities, April 2026
Combined ratio: 90.2; April 2026 vs 84.9 April 2025 (up 5.3 pts)
Total Personal Lines policies: 38,560 thousand; As of April 30, 2026 vs 35,479 thousand 2025 (9% increase)
Total policies in force: 39,767 thousand; As of April 30, 2026 vs 36,653 thousand 2025 (8% increase)

Historical Context

5 past events · Latest: May 04

5 events

May 04
Housing assistance program

24h Move

-0.0%

Expanded UpPayment program for at least 200 first-time homebuyers.
Apr 27
Investor call notice

24h Move

+0.5%

Announced May 5, 2026 investor relations conference call details.
Apr 21
Culture award recognition

24h Move

+1.8%

Ranked No. 1 on Forbes America’s Best Employers for Company Culture.
Apr 15
March 2026 results

24h Move

+2.4%

Reported strong March and quarterly results with higher income and policies.
Mar 23
Senior notes offering

24h Move

+0.5%

Priced $1.5B of senior notes due 2031 and 2036 under S-3.

24h Move is the share-price change in the day after each event; other market factors may also have contributed.

Key Terms

net premiums written, net premiums earned, combined ratio, pretax net realized gains, +2 more

6 terms

net premiums written financial

"Net premiums written | $7,278 | | $6,837 | | 6 | %"

Net premiums written is the total amount of insurance premium a company has agreed to collect from customers for new and renewed policies during a period, after subtracting premiums it passes on to other insurers (reinsurance) and cancellations. It matters to investors because it shows the insurer’s actual sales growth and risk retained—like a retailer’s sales after returns and wholesale transfers—so rising net premiums written can signal stronger future revenue and underwriting exposure.

net premiums earned financial

"Net premiums earned | $7,112 | | $6,641 | | 7 | %"

The portion of insurance premiums that a company recognizes as revenue for a specific accounting period after subtracting any amounts paid to other insurers for reinsurance; it represents the cost of insurance coverage actually provided during that time. Think of a year‑long subscription where only the months used are counted as income. Investors watch net premiums earned to gauge an insurer’s revenue growth and underwriting performance, separate from one‑time sales or changes in policy counts.

combined ratio financial

"Combined ratio | | 90.2 | | 84.9 | | 5.3 | pts."

The combined ratio is a way insurance companies measure how well they are doing by adding up all their costs and claims and comparing them to the money they earn from premiums. If the ratio is below 100%, it means the company is making a profit; if it's above 100%, they are losing money. It helps see if an insurance company is financially healthy or not.

pretax net realized gains financial

"Total pretax net realized gains (losses) on securities | $402 |"

Pretax net realized gains are the profits a company reports from selling investments or assets, after subtracting related losses and costs but before accounting for income taxes. Think of it like selling items from a garage sale: the money you actually pocket from sales minus what you lost on other sales, shown before you pay any taxes. Investors watch this because it directly boosts reported earnings and cash flow in the period when sales occur, but it may not reflect ongoing business performance or future taxable obligations.

diluted equivalent common shares financial

"Average diluted equivalent common shares | | 585.3 | | 587.7"

A measure of how many common shares would exist if every right or instrument that can become common stock — such as stock options, warrants, convertible bonds or preferred shares — were actually converted or exercised. Think of it like counting how many slices of a pie there would be if every coupon-holder showed up; it reduces the size of each existing slice. Investors use this number to see a more realistic, often smaller, per-share claim on profits and ownership, which affects metrics like earnings per share and dilution risk.

policies in force technical

"Policies in Force Personal Lines Agency – auto | 11,108"

Policies in force are the insurance contracts that are currently active and able to pay claims, similar to the number of active subscriptions a company has. For investors, they show the scale of an insurer’s current business and help indicate potential future revenue from premiums and ongoing exposure to claims; rising counts suggest growth, while shrinking counts can signal lapses or reduced future income.

AI-generated analysis. How Rhea-AI works. Not financial advice.

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05/20/2026 - 08:17 AM EDT

MAYFIELD VILLAGE, OHIO, May 20, 2026 (GLOBE NEWSWIRE) -- The Progressive Corporation (NYSE:PGR) today reported the following results for the month ended April 30, 2026:

	April
(millions, except per share amounts and ratios; unaudited)		2026		2025		Change
Net premiums written	$	7,278	$	6,837		6	%
Net premiums earned	$	7,112	$	6,641		7	%
Net income	$	1,087	$	986		10	%
Per share available to common shareholders	$	1.86	$	1.68		11	%
Total pretax net realized gains (losses) on securities	$	402	$	(3	)	NM
Combined ratio		90.2		84.9		5.3	pts.
Average diluted equivalent common shares		585.3		587.7		0	%
NM = Not Meaningful

	April 30,
(thousands; unaudited)	2026	2025	% Change
Policies in Force
Personal Lines
Agency – auto	11,108	10,246	8
Direct – auto	16,645	14,938	11
Special lines	7,168	6,705	7
Property	3,639	3,590	1
Total Personal Lines	38,560	35,479	9
Commercial Lines	1,207	1,174	3
Total	39,767	36,653	8

See Progressive’s complete monthly earnings release for additional information.

About Progressive

Progressive Insurance^® makes it easy to understand, buy and use car insurance, home insurance, and other protection needs. Progressive offers choices so consumers can reach us however it’s most convenient for them — online at progressive.com, by phone at 1-800-PROGRESSIVE, via the Progressive mobile app, or in-person with a local agent.

Progressive provides insurance for personal and commercial autos and trucks, motorcycles, boats, recreational vehicles, and homes; it is the second largest personal auto insurer in the country, a leading seller of commercial auto, motorcycle, and boat insurance, and one of the top 15 homeowners insurance carriers.

Founded in 1937, Progressive continues its long history of offering shopping tools and services that save customers time and money, like Name Your Price^®, Snapshot^®, and HomeQuote Explorer^®.

The Common Shares of The Progressive Corporation, the Mayfield Village, Ohio-based holding company, trade publicly at NYSE: PGR.

Company Contact:
Julianna Paterra
(231) 600-3060
investor_relations@progressive.com

The Progressive Corporation
300 North Commons Blvd.
Mayfield Village, Ohio 44143
http://www.progressive.com

Download PDF: Progressive April 2026 Complete Earnings Release

FAQ

AI-generated questions and answers. How Rhea-AI works. Not financial advice.

How did Progressive (PGR) perform financially in April 2026?

Progressive reported higher premiums and earnings in April 2026 versus April 2025. According to Progressive, net premiums written were $7.3 billion, net income was $1.1 billion, and diluted EPS available to common shareholders was $1.86 for the month.

What were Progressive's April 2026 net premiums written and earned (PGR)?

Progressive’s April 2026 net premiums written and earned both increased year over year. According to Progressive, net premiums written were $7.278 billion (up 6%) and net premiums earned were $7.112 billion (up 7%) compared with April 2025.

What was Progressive's April 2026 net income and EPS for PGR shareholders?

Progressive’s April 2026 net income and EPS both rose from April 2025. According to Progressive, net income reached $1.087 billion (up 10%) and diluted EPS available to common shareholders was $1.86 (up 11%) for the month.

How did Progressive's combined ratio change in April 2026 (PGR)?

Progressive’s combined ratio increased in April 2026 versus the prior year. According to Progressive, the combined ratio was 90.2 in April 2026, up 5.3 points from 84.9 in April 2025, indicating higher overall loss and expense ratios.

How many policies in force did Progressive have at April 30, 2026 (PGR)?

Progressive reported growth in policies in force as of April 30, 2026. According to Progressive, total policies in force were 39.767 million, including 38.560 million Personal Lines policies and 1.207 million Commercial Lines policies, representing 8% total growth year over year.

What were Progressive's April 2026 investment gains on securities (PGR)?

Progressive recorded positive investment results on securities in April 2026. According to Progressive, total pretax net realized gains on securities were $402 million, compared with a $3 million pretax net realized loss on securities in April 2025.

Progressive Reports April 2026 Results