Progressive Reports August 2026 Results
Progressive’s August 2026 results show expanding premiums and policy counts but weaker underwriting profitability and lower net income versus last year.
Rhea-AI Summary
Progressive (PGR) reported August 2026 results showing higher premiums and policies in force but lower profit compared with August 2025.
Net premiums written were $7.61 billion, up 6% year over year, and net premiums earned were $7.35 billion, up 5%. Net income declined 22% to $951 million, and earnings per share available to common shareholders fell 21% to $1.63. Total pretax net realized gains on securities were $108 million, up 38%.
The combined ratio, a key underwriting profitability metric, deteriorated to 89.3 from 83.1, an increase of 6.2 points. Average diluted equivalent common shares decreased 1% to 582.1 million.
Policies in force rose 7% to 40.49 million, driven by 7–9% growth in personal auto and special lines, while property policies were flat and commercial lines policies increased 4%.
Positive
- Net premiums written up 6% year over year to $7.61 billion in August 2026
- Net premiums earned up 5% year over year to $7.35 billion in August 2026
- Total policies in force up 7% year over year to 40.49 million
- Pretax net realized gains on securities rose 38% to $108 million
Negative
- Net income down 22% year over year to $951 million in August 2026
- Earnings per share available to common shareholders down 21% to $1.63
- Combined ratio worsened by 6.2 points to 89.3 in August 2026
Key Figures
- Net premiums written
- $7,605 million
- August 2026; up 6% from August 2025
- Net premiums earned
- $7,354 million
- August 2026; up 5% from August 2025
- Net income
- $951 million
- August 2026; down 22% from August 2025
- Per share available to common shareholders
- $1.63
- August 2026; down 21% from August 2025
- Pretax net realized gains on securities
- $108 million
- August 2026; up 38% from August 2025
- Combined ratio
- 89.3
- August 2026; 6.2 points higher than August 2025
- Total policies in force
- 40,492 thousand
- August 31, 2026; up 7% from August 31, 2025
Historical Context
-
Monthly earnings and EPS fell while premium growth remained positive; combined ratio worsened.
-
June monthly earnings and EPS declined while premiums grew and the combined ratio worsened.
24h Move is the share-price change in the day after each event; other market factors may also have contributed.
Key Terms
combined ratio financial
policies in force financial
AI-generated analysis. How Rhea-AI works. Not financial advice.
MAYFIELD VILLAGE, OHIO, Sept. 18, 2026 (GLOBE NEWSWIRE) -- The Progressive Corporation (NYSE:PGR) today reported the following results for the month ended August 31, 2026:
| August | |||||||||
| (millions, except per share amounts and ratios; unaudited) | 2026 | 2025 | Change | ||||||
| Net premiums written | $ | 7,605 | $ | 7,199 | 6 | % | |||
| Net premiums earned | $ | 7,354 | $ | 7,036 | 5 | % | |||
| Net income | $ | 951 | $ | 1,220 | (22 | ) | % | ||
| Per share available to common shareholders | $ | 1.63 | $ | 2.07 | (21 | ) | % | ||
| Total pretax net realized gains (losses) on securities | $ | 108 | $ | 78 | 38 | % | |||
| Combined ratio | 89.3 | 83.1 | 6.2 | pts. | |||||
| Average diluted equivalent common shares | 582.1 | 588.1 | (1 | ) | % | ||||
| August 31, | |||||
| (thousands; unaudited) | 2026 | 2025 | % Change | ||
| Policies in Force | |||||
| Personal Lines | |||||
| Agency – auto | 11,343 | 10,575 | 7 | ||
| Direct – auto | 16,879 | 15,524 | 9 | ||
| Special lines | 7,378 | 6,955 | 6 | ||
| Property | 3,647 | 3,639 | 0 | ||
| Total Personal Lines | 39,247 | 36,693 | 7 | ||
| Commercial Lines | 1,245 | 1,197 | 4 | ||
| Total | 40,492 | 37,890 | 7 | ||
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 a leading seller of personal auto, commercial auto, motorcycle, and boat insurance, and one of the top 15 homeowners insurance carriers in the United States.
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, CFA
(719) 432-2509
investor_relations@progressive.com
The Progressive Corporation
300 North Commons Blvd.
Mayfield Village, Ohio 44143
http://www.progressive.com
Download PDF: Progressive August 2026 Complete Earnings Release
FAQ
AI-generated questions and answers. How Rhea-AI works. Not financial advice.
How did Progressive’s personal auto and special lines policies in force change in August 2026?
Personal Lines policies in force grew across most categories. Agency auto policies increased 7% year over year to 11.343 million, direct auto policies rose 9% to 16.879 million, and special lines policies increased 6% to 7.378 million. Property policies were essentially flat at 3.647 million.
What was the trend in Progressive’s commercial lines policies in force?
Commercial Lines policies in force increased 4% year over year, from 1.197 million as of August 31, 2025 to 1.245 million as of August 31, 2026.
Where can investors find Progressive’s complete August 2026 earnings details?
The company directs investors to Progressive’s complete monthly earnings release for additional information, which can be accessed through its website at progressive.com or via the provided link to download the August 2026 complete earnings release PDF.