PGR · Financials

PROGRESSIVE CORP/OH/

Ranked earnings events from SEC filings, earnings calls, press releases and news. Full Picture: what to focus on this earnings window

News · 2026-09-23

• Net Income and ProfitabilityImportance 41 · Surprise 48
  Progressive’s August net income fell to USD 951 million from USD 1.22 billion a year earlier, a decline of approximately 22%. The year-over-year decrease exceeded the materiality threshold because it was greater than…
• RV Insurance PartnershipImportance 31 · Surprise 42
  Progressive formed a strategic partnership with Winnebago, an RV manufacturer, to enhance the RV ownership experience. The collaboration combines Winnebago’s premium recreational vehicles with Progressive’s insurance…
• Combined Ratio PerformanceImportance 20 · Surprise 24
  Progressive’s August combined ratio worsened to 89.3, indicating weaker underwriting performance than the prior-year period. The underwriting deterioration was reported alongside a decline in August net income to USD…

News · 2026-09-22

• Net Income and EPS PerformanceImportance 34 · Surprise 30
  Progressive’s August net income fell 22% year over year to $951 million. Quarterly EPS was $5.67, exceeding the $4.64 expectation. Reported revenue was $23.61 billion for the quarter.
• Combined Ratio PerformanceImportance 17 · Surprise 24
  Progressive’s August combined ratio increased to 89.3, indicating pressure on underwriting profitability. Elevated claims costs contributed to the margin pressure reported in the August operating disclosure. Moderating…
• Market Demand TrendsImportance 17 · Surprise 24
  Progressive’s personal auto policy growth decelerated in August. Net premiums written and policies in force nevertheless increased. The report also cited moderating rate increases, suggesting less pricing support for…

News · 2026-09-21

• Capital Return ProgramImportance 43 · Surprise 32
  Progressive pays a reliable regular dividend of $0.40 annually. Most shareholder distributions come from a variable annual dividend tied to underwriting profitability rather than a fixed quarterly payout. BMO increased…
• Market Demand TrendsImportance 31 · Surprise 32
  Progressive's consolidated net premiums written increased 6% year over year in August 2026. The growth indicates continued expansion in the company's insurance premium volume. The reported increase occurred despite…

8-K · 2026-09-18

• Operating Expense TrendsImportance 54 · Surprise 40
  Year-to-date other underwriting expenses increased 10% to $8,187 million from $7,418 million. Year-to-date policy acquisition costs increased 4% to $4,184 million from $4,013 million, while service expenses increased…
• Net Income and EPS PerformanceImportance 47 · Surprise 48
  August net income declined 22% year over year to $951 million from $1,220 million. August diluted earnings per share declined 21% to $1.63 from $2.07, while average diluted equivalent shares declined 1% to 582.1…
• Income Tax Rate ChangesImportance 43 · Surprise 32
  August income tax provision was $258 million on $1,209 million of pretax income, implying an effective tax rate of approximately 21.3%. Year-to-date income tax expense increased to $2,170 million from $2,097 million.…
• Revenue Performance and MixImportance 42 · Surprise 14
  August net premiums written increased 6% year over year to $7,605 million, while net premiums earned increased 5% to $7,354 million. Personal Lines generated $6,723 million of written premiums, up 5%, and Commercial…
• Commercial Auto Demand TrendsImportance 42 · Surprise 40
  Commercial Lines net premiums written increased 13% year over year to $880 million in August 2026, indicating stronger current-month demand than the companywide 6% increase. Commercial Lines policies in force grew 4%…
• Balance Sheet and LiquidityImportance 37 · Surprise 6
  Total assets were $127,827 million at August 31, 2026, including $99,672 million of investments and $17,470 million of net premiums receivable. Debt was $8,388 million and total liabilities were $92,470 million,…
• Investment ResultsImportance 36 · Surprise 56
  August total pretax net realized gains on securities were $108 million, up 38% from $78 million in August 2025. The August amount comprised a $119 million net holding-period gain and an $11 million net realized loss on…
• Combined Ratio PerformanceImportance 25 · Surprise 32
  The August companywide combined ratio was 89.3, compared with 83.1 in August 2025, a deterioration of 6.2 points. August Personal Lines posted an 88.0 combined ratio, including 90.5 for Direct auto and 85.9 for Agency…
• Policies in Force GrowthImportance 25 · Surprise 32
  Total policies in force increased 7% year over year to 40.492 million as of August 31, 2026, from 37.890 million. Personal Lines policies increased 7% to 39.247 million, including 9% growth in Direct auto to 16.879…
• Distribution ChannelsImportance 22 · Surprise 32
  Progressive’s personal auto policy growth was stronger in the direct channel than through agencies during the year ended August 31, 2026. Direct auto policies increased 9% year over year to 16.879 million, compared…
• Capital Return ProgramImportance 19 · Surprise 6
  Progressive repurchased 630,912 common shares during August 2026. The average repurchase cost was $210.93 per share, implying approximately $133 million of August share repurchases. Common shares outstanding were 580.4…

News · 2026-09-15

• Institutional Ownership IncreaseImportance 3 · Surprise 6
  Bank of America acquired 12,278,975 Progressive shares during the second quarter. The stake was valued at approximately $2.68 billion. Bank of America’s ownership increased to approximately 2.11% of Progressive.

News · 2026-09-05

• Net Income and EPS PerformanceImportance 18 · Surprise 14
  Progressive reported quarterly EPS of $5.67. EPS exceeded consensus estimates. Quarterly revenue increased 5% year over year.

News · 2026-09-03

• Net Income and EPS PerformanceImportance 18 · Surprise 14
  Progressive reported quarterly EPS of $5.67. EPS exceeded consensus estimates. Quarterly revenue increased 5% year over year.

News · 2026-09-01

• Revenue Performance and MixImportance 42 · Surprise 14
  Progressive reported quarterly revenue of $23.61 billion, up 5% year over year. Quarterly earnings were $5.67 per share and exceeded analyst estimates. The digest provided no segment or geographic revenue breakdown and…

News · 2026-08-25

• Revenue Performance and MixImportance 37 · Surprise 6
  Progressive reported $23.61 billion in revenue for the recently completed quarter. Quarterly earnings were $5.67 per share. Revenue and EPS exceeded analyst expectations, according to the reported results.
• Litigation and Legal RiskImportance 31 · Surprise 42
  The ERISA Industry Committee filed an amicus brief with an appeals court supporting dismissal of a lawsuit against Progressive’s employee health plan. The lawsuit alleges that Progressive charged employees higher…

News · 2026-08-24

• Revenue Performance and MixImportance 37 · Surprise 6
  Progressive reported second-quarter earnings of $5.67 per share, exceeding analyst expectations. Quarterly revenue was $23.61 billion, also above consensus estimates. The earnings report was described as reflecting…

News · 2026-08-23

• Revenue Performance and MixImportance 37 · Surprise 6
  Progressive reported second-quarter earnings of $5.67 per share, exceeding analyst expectations. Quarterly revenue was $23.61 billion, also above consensus estimates. The earnings report was described as reflecting…
• Quarterly Dividend DeclarationImportance 13 · Surprise 6
  Progressive announced a quarterly dividend of $0.10 per share. The dividend was reported alongside the company's second-quarter earnings and institutional-investment activity. The available reporting does not state the…

News · 2026-08-20

• Revenue Performance and MixImportance 62 · Surprise 48
  July 2026 net premiums written increased 5% year over year to $7,441 million. Net premiums earned also increased 5%, while total revenues grew 27.1% year over year. Vehicle-segment policies grew, but the Property…
• Net Income and EPS PerformanceImportance 42 · Surprise 40
  July 2026 net income declined 12% year over year to $961 million. Earnings per share fell 11% to $1.65, while reported year-to-date net income reached $7.09 billion. The decline was attributed to rising expenses and…
• Market Demand TrendsImportance 40 · Surprise 32
  Progressive’s July 2026 net premiums written increased 5% year over year to $7.441 billion, indicating continued demand across its insurance portfolio. Total policies in force rose 7% to 40.3 million, with healthy…
• Investment ResultsImportance 38 · Surprise 42
  Progressive reported a significant pretax net realized loss on securities in July 2026. The securities loss reduced net income and contributed to the 12% year-over-year decline in monthly earnings. The reported…

8-K · 2026-08-19

• Operating Expense TrendsImportance 54 · Surprise 40
  Year-to-date other underwriting expenses increased 11% to $7,126 million from $6,430 million, exceeding the materiality threshold and outpacing the 7% increase in net premiums earned. Year-to-date policy acquisition…
• Distribution ChannelsImportance 49 · Surprise 32
  Progressive distributes Personal Lines auto insurance through both Agency and Direct channels. Direct auto policies in force grew 9% year over year to 16.800 million, faster than Agency auto policies, which increased…
• Investment ResultsImportance 45 · Surprise 64
  July total pretax net realized losses on securities were $47 million versus $79 million of gains in July 2025, driven by a $52 million net holding-period loss. Year-to-date net realized gains increased to $437 million…
• Revenue Performance and MixImportance 42 · Surprise 14
  July net premiums written increased 5% year over year to $7,441 million, while net premiums earned rose 5% to $7,355 million. Personal Lines generated $6,684 million of July net premiums written, including $3,761…
• Balance Sheet and LiquidityImportance 37 · Surprise 6
  Total assets were $125,663 million at July 31, 2026, including $97,942 million of investments and $17,030 million of net premiums receivable. Total liabilities were $91,005 million, including $45,772 million of loss…
• Commercial Auto Demand TrendsImportance 37 · Surprise 32
  Commercial Lines policies in force increased 4% year over year to 1.236 million at July 31, 2026. July Commercial Lines net premiums written grew 7% to $756 million, but net premiums earned declined 1% to $918 million,…
• Capital Return ProgramImportance 34 · Surprise 42
  Progressive repurchased 650,241 common shares during July 2026. The average repurchase cost was $209.46 per share, implying approximately $136 million of July share repurchases. Average diluted equivalent common shares…
• Net Income and EPS PerformanceImportance 31 · Surprise 22
  July net income declined 12% year over year to $961 million, and diluted earnings per share declined 11% to $1.65. Income before income taxes was $1,227 million and the provision for income taxes was $266 million for…
• Policies in Force GrowthImportance 25 · Surprise 32
  Total policies in force increased 7% year over year to 40.304 million at July 31, 2026, from 37.633 million. Personal Lines policies increased 7% to 39.068 million, including 9% growth in Direct auto to 16.800 million…
• Combined Ratio PerformanceImportance 24 · Surprise 14
  Progressive’s July combined ratio increased 1.5 points year over year to 86.8, reflecting a 66.3 loss and loss adjustment expense ratio and a 20.5 expense ratio. Personal Lines reported an 86.3 combined ratio, while…

News · 2026-08-19

• Revenue Performance and MixImportance 62 · Surprise 48
  July 2026 net premiums written increased 5% year over year to $7,441 million. Net premiums earned also increased 5%, while total revenues grew 27.1% year over year. Vehicle-segment policies grew, but the Property…
• Net Income and EPS PerformanceImportance 42 · Surprise 40
  July 2026 net income declined 12% year over year to $961 million. Earnings per share fell 11% to $1.65, while reported year-to-date net income reached $7.09 billion. The decline was attributed to rising expenses and…
• Market Demand TrendsImportance 40 · Surprise 32
  Progressive’s July 2026 net premiums written increased 5% year over year to $7.441 billion, indicating continued demand across its insurance portfolio. Total policies in force rose 7% to 40.3 million, with healthy…
• Investment ResultsImportance 38 · Surprise 42
  Progressive reported a significant pretax net realized loss on securities in July 2026. The securities loss reduced net income and contributed to the 12% year-over-year decline in monthly earnings. The reported…
• Policies in Force GrowthImportance 22 · Surprise 32
  Total policies in force increased 7% year over year to 40.304 million in July 2026. Growth in policies supported premium expansion despite reported competitive and pricing pressure in auto insurance. Personal and…
• Combined Ratio PerformanceImportance 17 · Surprise 24
  Progressive reported a July 2026 combined ratio of 86.8%, reflecting continued underwriting profitability but a slight deterioration from the prior-year comparison. Personal Auto posted an 86.7% combined ratio.…

News · 2026-08-17

• Revenue Performance and MixImportance 36 · Surprise 14
  Progressive reported second-quarter 2026 earnings of $5.67 per share, exceeding analyst estimates. Revenue increased 5% year over year to $23.61 billion. The digest provides no segment or geographic revenue breakdown…
• Premium Pricing PressureImportance 17 · Surprise 24
  Progressive is facing slower policy growth in a competitive auto insurance market. Analysts describe the company’s pricing strategy as cautious, which may limit premium growth and customer acquisition. The commentary…

News · 2026-08-16

• Revenue Performance and MixImportance 33 · Surprise 6
  Progressive recently reported quarterly revenue of $23.61 billion. Quarterly earnings were $5.67 per share. The company exceeded quarterly earnings expectations, although the digest provides no YoY or sequential…

News · 2026-08-15

• Revenue Performance and MixImportance 36 · Surprise 14
  Progressive reported quarterly revenue of $23.61 billion. Revenue increased 5% year over year. The reported revenue exceeded analyst expectations, although no segment or geographic breakdown was provided.
• Quarterly Dividend DeclarationImportance 13 · Surprise 6
  Progressive declared a quarterly dividend of $0.10 per share. The dividend was reported alongside quarterly earnings and revenue results. The digest did not state the payment date, record date, or aggregate dividend…
• Net Income and EPS PerformanceImportance 9 · Surprise 6
  Progressive reported quarterly earnings per share of $5.67. EPS exceeded the analyst consensus estimate of $4.64 by $1.03, or approximately 22%. The coverage described the quarterly earnings result as exceeding…

News · 2026-08-14

• Revenue Performance and MixImportance 20 · Surprise 24
  Progressive reported increases in net premiums written and net premiums earned in Q2 2026. Revenue also increased year over year, supported by growth in policies in force. The reported revenue and premium gains…
• Combined Ratio PerformanceImportance 20 · Surprise 24
  Progressive’s combined ratio deteriorated in Q2 2026, indicating weaker underwriting profitability. The deterioration occurred while net premiums written, net premiums earned, policies in force, and revenue increased.…
• Operating Expense TrendsImportance 20 · Surprise 24
  Progressive experienced expense increases in connection with its Q2 2026 results. The higher expenses contributed to the deterioration in the combined ratio. Expense growth therefore offset part of the benefit from…
• Net Income and EPS PerformanceImportance 13 · Surprise 6
  Progressive’s Q2 2026 earnings per share exceeded analyst estimates. The company’s bottom line nevertheless declined year over year. The earnings result combined an EPS beat with lower reported profitability, creating…
• Quarterly Dividend DeclarationImportance 13 · Surprise 6
  Progressive declared a quarterly dividend of $0.10 per share. The dividend declaration was reported alongside second-quarter institutional ownership updates on August 14, 2026. The disclosed per-share amount provides…

News · 2026-08-13

• Quarterly Dividend DeclarationImportance 9 · Surprise 6
  Progressive declared a quarterly dividend of $0.10 per share. The dividend declaration was reported on August 13, 2026. No payment date or ex-dividend date was provided in the digest.