Progressive Reports February 2026 Results
Progressive (NYSE: PGR) reported February 2026 monthly results showing modest growth in premiums and policies with continued underwriting profitability.
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Rhea-AI Summary
Progressive (NYSE: PGR) reported February 2026 monthly results showing modest growth in premiums and policies with continued underwriting profitability. Net premiums written were $6,995M (+5%); net premiums earned $6,528M (+8%); net income $943M (+2%); combined ratio was 85.7 (up 3.1 pts).
Policies in force rose to 39.22M (total, +10%), led by Direct auto policies at 16.38M (+14%). Pretax net realized losses on securities improved to $(5)M from $(110)M year-over-year.
Positive
- Direct auto policies +14% year-over-year (16.38M)
- Pretax net realized losses improved to $(5)M from $(110)M
Negative
- Combined ratio worsened by 3.1 pts to 85.7
Details
News Market Reaction – PGR
On Mar 18, the day this news came out, PGR closed 1.29% below the previous close.
Data tracked by StockTitan Argus for the Mar 18 session.
Key Figures
- Net premiums written
- $6,995 million
- February 2026 vs $6,684 million in February 2025 (+5%)
- Net premiums earned
- $6,528 million
- February 2026 vs $6,036 million in February 2025 (+8%)
- Net income
- $943 million
- February 2026 vs $928 million in February 2025 (+2%)
- EPS (diluted)
- $1.61
- Per share available to common shareholders, February 2026 vs $1.58 (+2%)
- Combined ratio
- 85.7
- February 2026 vs 82.6 in February 2025 (up 3.1 pts)
- Average diluted shares
- 586.8 million
- Average diluted equivalent common shares, February 2026 (vs 587.6M)
- Total policies in force
- 39,220 thousand
- Total policies in force as of February 28, 2026 (+10% YoY)
- Direct auto policies
- 16,383 thousand
- Direct auto policies in force as of February 28, 2026 (+14% YoY)
Historical Context
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Announced a quarterly common share dividend of $0.10 per share.
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Scheduled March 3 investor event focused on capital, investments, and Q&A.
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January 2026 results showed growth in premiums, earnings, and policies in force.
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Announced planned retirement of CFO and succession by internal candidate.
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December 2025 quarter delivered double-digit premium growth and 25% net income rise.
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
AI-generated analysis. How Rhea-AI works. Not financial advice.
MAYFIELD VILLAGE, OHIO, March 18, 2026 (GLOBE NEWSWIRE) -- The Progressive Corporation (NYSE:PGR) today reported the following results for the month ended February 28, 2026:
| February | |||||||||||
| (millions, except per share amounts and ratios; unaudited) | 2026 | 2025 | Change | ||||||||
| Net premiums written | $ | 6,995 | $ | 6,684 | 5 | % | |||||
| Net premiums earned | $ | 6,528 | $ | 6,036 | 8 | % | |||||
| Net income | $ | 943 | $ | 928 | 2 | % | |||||
| Per share available to common shareholders | $ | 1.61 | $ | 1.58 | 2 | % | |||||
| Total pretax net realized gains (losses) on securities | $ | (5 | ) | $ | (110 | ) | (95 | ) | % | ||
| Combined ratio | 85.7 | 82.6 | 3.1 | pts. | |||||||
| Average diluted equivalent common shares | 586.8 | 587.6 | 0 | % | |||||||
| February 28, | |||||
| (thousands; unaudited) | 2026 | 2025 | % Change | ||
| Policies in Force | |||||
| Personal Lines | |||||
| Agency – auto | 10,959 | 9,950 | 10 | ||
| Direct – auto | 16,383 | 14,395 | 14 | ||
| Special lines | 7,041 | 6,568 | 7 | ||
| Property | 3,649 | 3,556 | 3 | ||
| Total Personal Lines | 38,032 | 34,469 | 10 | ||
| Commercial Lines | 1,188 | 1,151 | 3 | ||
| Total | 39,220 | 35,620 | 10 | ||
See Progressive’s complete monthly earnings release, including the "Monthly Commentary," 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:
Douglas S. Constantine
(440) 395-3707
investor_relations@progressive.com
The Progressive Corporation
300 North Commons Blvd.
Mayfield Village, Ohio 44143
http://www.progressive.com
Download PDF: Progressive February 2026 Complete Earnings Release
FAQ
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