Every 10-Q that Progressive Corporation (PGR) has filed with the SEC in the last 24 months is listed below, newest first, and each one links through to the document itself with the summary and the scores our analysis gives it.
A 10-Q covers the quarterly report filed between annual reports, so if you follow PGR and want that one kind of document rather than the whole filing history, this is the page to keep. The company's other filings, of every form, are on the full PGR filings page.
The Progressive Corporation reported strong profitability for the quarter and six months ended June 30, 2026. Second-quarter net income was $3,311M on total revenues of $23,609M, with six‑month net income of $6,129M on revenues of $45,797M. Companywide underwriting margins were 12.7% in Q2 and 13.1% year‑to‑date, corresponding to combined ratios of 87.3 and 86.9.
Personal Lines generated a Q2 underwriting margin of 12.4%, while Commercial Lines delivered 14.7%. Companywide net premiums written grew about $1.0B, or 5%, versus Q2 2025, and net premiums earned rose 6%. Progressive surpassed 40 million policies in force, adding 0.5 million during the quarter and 2.8 million year over year, despite heightened competition and higher advertising spend that added 0.5 points to the expense ratio.
The investment portfolio had a fair value of $97,221M, producing Q2 net investment income of $969M and total net realized gains on securities of $604M, though other comprehensive income reflected $375M of unrealized losses on fixed‑maturity securities in the quarter. Operating cash flow was $7,974M for the first half, supporting common dividends paid of $8,030M and repurchases of 5.4M shares for about $1,066M. Progressive issued $1,487M of new senior notes, bringing total debt to $8,387M and total capital to $42.7B, with a debt‑to‑total‑capital ratio of 19.6%. The company also discloses multiple class‑action and related lawsuits over claims practices where losses are deemed reasonably possible but not currently probable or reasonably estimable; adverse outcomes in aggregate could be materially adverse.
The Progressive Corporation delivered strong first-quarter 2026 results, combining profitable underwriting with investment income growth. Total revenues reached $22.2 billion, up from $20.4 billion a year earlier, and net income rose to $2.8 billion, or $4.80 diluted earnings per share.
The insurance operations were highly profitable, with a companywide underwriting margin of 13.6%, far above the 4% calendar-year goal. Personal Lines generated a 14.0% underwriting margin and Commercial Lines 11.0%, helped by lower catastrophe losses and favorable reserve development, particularly in personal auto.
Net premiums written grew to $23.6 billion, 6% above the prior year, and policies in force increased 9%. Progressive also returned substantial capital, including a $13.50 annual-variable dividend paid in January 2026 and a $0.10 quarterly dividend, while issuing $1.5 billion of new senior notes and repurchasing 2.3 million shares for $478 million.
The Progressive Corporation (PGR) reported stronger Q3 2025 results. For the three months ended September 30, total revenues were $22,512 million driven by net premiums earned of $20,849 million and investment income of $924 million. Net income rose to $2,615 million, and diluted EPS increased to $4.45 from $3.97 a year ago.
Expenses included losses and loss adjustment expenses of $13,445 million and a distinct policyholder credit expense of $950 million. For the nine months, revenues reached $64,925 million with net income of $8,357 million and diluted EPS of $14.21. Operating cash flow was robust at $14,378 million.
The balance sheet showed total investments of $94,509 million and shareholders’ equity of $35,445 million. Accumulated other comprehensive income improved, with net unrealized gains on fixed-maturity securities at $203 million versus a loss at year-end 2024. Common shares outstanding were 586,397,236 as of October 2, 2025.
Progressive (PGR) Q2-25 10-Q highlights: Net premiums earned rose 18% YoY to $20.3 bn; total revenue advanced 21% to $22.0 bn, boosted by a 26% gain in investment income and a swing to $387 m net realized gains.
Losses & LAE increased 8% to $13.6 bn, but expense growth (11%) lagged revenue, lifting PBT 114% to $4.0 bn. Net income more than doubled to $3.2 bn; diluted EPS climbed to $5.40 from $2.48.
Six-month view: revenue $42.4 bn (+20%), net income $5.7 bn (+52%), EPS $9.77. Operating cash flow improved 22% to $9.2 bn.
Balance sheet: Investments expanded to $88.6 bn (+23% YoY); shareholders’ equity jumped 40% to $32.6 bn as net unrealized losses on fixed maturities narrowed to $-81 m (vs. $-1.7 bn). Debt steady at $6.9 bn; book value ≈ $55.6/share.
Capital actions: $2.75 bn common dividends and $78 m buybacks YTD; no preferred dividends post Series B redemption (Feb-24).
Takeaways: robust premium growth, higher investment yield and favorable capital markets drove record profitability, while claims costs and sizable dividend outflows remain watch-points.