Progressive Reports May 2026 Results
Rhea-AI Summary
Progressive (NYSE:PGR) reported May 2026 results with higher premiums, earnings, and policies in force versus May 2025.
- Net premiums written: $7.0B, up 6%
- Net income: $1.45B, EPS $2.47, both up 36%
- Combined ratio: 82.1 vs. 86.9
- Total policies in force: 39.97M, up 8%
AI-generated analysis. Not financial advice.
Positive
- Net premiums written rose 6% year over year to $7.0B in May 2026
- Net premiums earned increased 10% year over year to $7.36B
- Net income grew 36% year over year to $1.45B
- Earnings per share available to common shareholders increased 36% to $2.47
- Combined ratio improved by 4.8 points to 82.1
- Total policies in force increased 8% to 39.97 million
Negative
- None.
Key Figures
Peers on Argus
PGR is up 0.57% while key peers are mixed: ALL (+0.69%), HIG (+0.41%), CINF (+0.46%), CB (-0.20%), TRV (-0.43%). This points to a stock-specific response to the May metrics rather than a broad sector move.
Historical Context
| Date | Event | Sentiment | Move | Catalyst |
|---|---|---|---|---|
| May 20 | Monthly results | Positive | -0.2% | April 2026 premiums and earnings up, but combined ratio worsened versus prior year. |
| May 04 | Community initiative | Neutral | -0.0% | Expansion of UpPayment program for at least 200 first-time homebuyers. |
| Apr 27 | IR call notice | Neutral | +0.5% | Announcement of May 5, 2026 Investor Relations conference call timing. |
| Apr 21 | Culture recognition | Positive | +1.8% | Ranked No. 1 on Forbes America’s Best Employers for Company Culture 2026 list. |
| Apr 15 | Monthly & quarter results | Positive | +2.4% | March 2026 and quarterly results with higher premiums, income and more policies in force. |
Recent operating updates have generally been received positively, though April’s stronger premiums and earnings coincided with a slight share decline, indicating occasional divergence between fundamentals and near-term price moves.
Over the last few months, Progressive has regularly reported growth in premiums, earnings, and policies in force. March 2026 results showed higher net premiums and net income with improved combined ratios, and the stock rose 2.36%. An April 2026 update also highlighted growth but a higher combined ratio, with a small share decline of 0.22%. Non-financial news, such as a top culture ranking and an Investor Relations call announcement, saw modest positive reactions. Today’s May 2026 results extend the theme of growth with better underwriting performance.
Market Pulse Summary
This announcement details a strong May 2026 performance, with net premiums written of $7,027M, net income of $1,445M, and a materially better combined ratio of 82.1 versus the prior year. Policies in force reached 39,970 thousand, extending recent growth trends. In context with earlier March and April updates, investors may focus on the sustainability of underwriting improvements, ongoing policy growth across Personal and Commercial Lines, and how future months track against these elevated levels.
Key Terms
combined ratio financial
pretax net realized gains (losses) on securities financial
policies in force financial
AI-generated analysis. Not financial advice.
MAYFIELD VILLAGE, OHIO, June 17, 2026 (GLOBE NEWSWIRE) -- The Progressive Corporation (NYSE:PGR) today reported the following results for the month ended May 31, 2026:
| May | ||||||||||
| (millions, except per share amounts and ratios; unaudited) | 2026 | 2025 | Change | |||||||
| Net premiums written | $ | 7,027 | $ | 6,634 | 6 | % | ||||
| Net premiums earned | $ | 7,361 | $ | 6,715 | 10 | % | ||||
| Net income | $ | 1,445 | $ | 1,065 | 36 | % | ||||
| Per share available to common shareholders | $ | 2.47 | $ | 1.81 | 36 | % | ||||
| Total pretax net realized gains (losses) on securities | $ | 215 | $ | 211 | 2 | % | ||||
| Combined ratio | 82.1 | 86.9 | (4.8 | ) | pts. | |||||
| Average diluted equivalent common shares | 584.2 | 587.7 | (1 | ) | % | |||||
| May 31, | ||||||
| (thousands; unaudited) | 2026 | 2025 | % Change | |||
| Policies in Force | ||||||
| Personal Lines | ||||||
| Agency – auto | 11,172 | 10,341 | 8 | |||
| Direct – auto | 16,715 | 15,089 | 11 | |||
| Special lines | 7,234 | 6,787 | 7 | |||
| Property | 3,632 | 3,601 | 1 | |||
| Total Personal Lines | 38,753 | 35,818 | 8 | |||
| Commercial Lines | 1,217 | 1,184 | 3 | |||
| Total | 39,970 | 37,002 | 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 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
(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 May 2026 Complete Earnings Release
