PGR · 8-K · 20260520PR000204

Net Income and Profitability

PROGRESSIVE CORP/OH/ · 2026-05-20 · Importance 35 · Surprise 22 · In source text

April net income increased 10% year over year to $1,087 million from $986 million, and diluted earnings per share increased 11% to $1.86 from $1.68. Income before income taxes increased to $1,384 million in April, compared with $1,? (sic) million in the comparable period not separately presented in the release. Year-to-date net income rose 10% to $3,905 million from $3,553 million, while diluted earnings per share increased to $6.66 from $6.05. April comprehensive income was $988 million, reduced by a $99 million decline in unrealized gains on fixed-maturity securities.

Key facts

• Year-to-date net income through April 30, 2026: $3,905 million. source
• Year-to-date comprehensive income (loss) through April 30, 2026: $3,232 million. source
• Net income for April 2026: $1,087 million. source
• Income before income taxes for April 2026: $1,384 million. source
• Net income for April 2025: $986 million. source
• Net income change April 2026 vs April 2025: 10%. source
• Per share change April 2026 vs April 2025: 11%. source
• Provision for income taxes for April 2026: $297 million. source

Impact estimates