What were Progressive’s earnings per share (EPS) for July 2026?

Progressive reported July 2026 EPS of $1.65 available to common shareholders. According to Progressive, this was down 11% from $1.85 in July 2025, reflecting lower net income and slightly fewer diluted equivalent common shares during the period.

Progressive Reports July 2026 Results

Q: What was Progressive’s combined ratio for July 2026 and what does it indicate?

Progressive reported a combined ratio of 86.8 for July 2026. According to Progressive, this compares with 85.3 a year earlier, a 1.5-point increase, but still reflects underwriting profitability because the ratio remains below 100, where premiums exceed claims and expenses.

Q: How many policies in force did Progressive (PGR) have as of July 31, 2026?

Progressive had 40.3 million policies in force as of July 31, 2026. According to Progressive, this total rose 7% from 37.6 million a year earlier, with Personal Lines at 39.1 million and Commercial Lines at 1.24 million policies.

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Rhea-AI Sentiment

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Rhea-AI Summary

Progressive (NYSE:PGR) reported July 2026 results showing modest premium growth and lower earnings versus July 2025. Net premiums written were $7.44 billion, up 5% year over year, while net premiums earned rose 5% to $7.36 billion. Net income declined 12% to $961 million, and earnings per share available to common shareholders were $1.65, down 11%.

The combined ratio was 86.8, compared with 85.3 a year earlier, an increase of 1.5 points. Total pretax net realized losses on securities were $47 million, versus gains of $79 million in July 2025. Average diluted equivalent common shares decreased 1% to 582.9 million.

Policies in force as of July 31, 2026 totaled 40.3 million, up 7% from 37.6 million a year earlier. Personal Lines policies grew 7% to 39.1 million, including 9% growth in Direct auto and 7% in Agency auto, while Commercial Lines policies increased 4% to 1.24 million.

Positive

Net premiums written up 5% year over year to $7.44 billion
Net premiums earned increased 5% year over year to $7.36 billion
Policies in force grew 7% year over year to 40.3 million
Direct auto policies in force up 9% year over year
Agency auto policies in force up 7% year over year
Combined ratio remained below 90 at 86.8

Negative

Net income declined 12% year over year to $961 million
Earnings per share decreased 11% year over year to $1.65
Combined ratio worsened by 1.5 points to 86.8
Pretax net realized securities result swung to a $47 million loss from a $79 million gain

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

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08/19/2026 - 08:16 AM

MAYFIELD VILLAGE, OHIO, Aug. 19, 2026 (GLOBE NEWSWIRE) -- The Progressive Corporation (NYSE:PGR) today reported the following results for the month ended July 31, 2026:

	July
(millions, except per share amounts and ratios; unaudited)		2026			2025	Change
Net premiums written	$	7,441		$	7,057	5		%
Net premiums earned	$	7,355		$	6,986	5		%
Net income	$	961		$	1,090	(12	)	%
Per share available to common shareholders	$	1.65		$	1.85	(11	)	%
Total pretax net realized gains (losses) on securities	$	(47	)	$	79	(159	)	%
Combined ratio		86.8			85.3	1.5		pts.
Average diluted equivalent common shares		582.9			588.2	(1	)	%

	July 31,
(thousands; unaudited)	2026	2025	% Change
Policies in Force
Personal Lines
Agency – auto	11,282	10,510	7
Direct – auto	16,800	15,392	9
Special lines	7,351	6,915	6
Property	3,635	3,622	0
Total Personal Lines	39,068	36,439	7
Commercial Lines	1,236	1,194	4
Total	40,304	37,633	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 July 2026 Complete Earnings Release

FAQ

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

Progressive reported higher premiums but lower earnings in July 2026. According to Progressive, net premiums written and earned each rose 5% year over year, while net income fell 12% to $961 million and earnings per share declined 11% to $1.65.

What was Progressive’s combined ratio for July 2026 and what does it indicate?

Progressive reported a combined ratio of 86.8 for July 2026. According to Progressive, this compares with 85.3 a year earlier, a 1.5-point increase, but still reflects underwriting profitability because the ratio remains below 100, where premiums exceed claims and expenses.

How many policies in force did Progressive (PGR) have as of July 31, 2026?

Progressive had 40.3 million policies in force as of July 31, 2026. According to Progressive, this total rose 7% from 37.6 million a year earlier, with Personal Lines at 39.1 million and Commercial Lines at 1.24 million policies.

How did Progressive’s auto insurance policies in force change in July 2026?

Progressive’s auto policies showed solid growth by July 31, 2026. According to Progressive, Agency auto policies in force increased 7% to 11.28 million, while Direct auto policies in force rose 9% to 16.8 million compared with the prior-year period.

Did Progressive’s investment results affect July 2026 earnings for PGR?

Investment results were a headwind to July 2026 earnings. According to Progressive, pretax net realized results on securities were a $47 million loss, compared with a $79 million gain in July 2025, representing a negative swing of $126 million year over year.

How did Progressive’s net premiums written change year over year in July 2026?

Net premiums written increased modestly year over year in July 2026. According to Progressive, net premiums written rose 5% to $7.44 billion from $7.06 billion in July 2025, indicating continued growth in the company’s overall premium base.