PGR · 8-K · 20260617PR000210

Net Income and Profitability

PROGRESSIVE CORP/OH/ · 2026-06-17 · Importance 51 · Surprise 38 · No source text

May net income increased 36% year over year to $1,445 million from $1,065 million, and diluted earnings per share rose 36% to $2.47 from $1.81. May income before income taxes was $1,834 million, compared with total revenues of $8,059 million and total expenses of $6,225 million. Year-to-date net income increased 16% to $5,350 million from $4,618 million, while diluted earnings per share rose to $9.13 from $7.86. Year-to-date comprehensive income declined to $4,521 million from $5,492 million because fixed-maturity securities produced an $829 million net unrealized loss versus an $873 million gain in 2025.

Key facts

• Net income for May 2026: $1,445 million source
• Net income for May 2025: $1,065 million source
• Net income year-to-date May 31, 2026: $5,350 million source
• Net income year-to-date May 31, 2025: $4,618 million source
• Total comprehensive income (loss) year-to-date as of May 31, 2026: $4,521 million source
• Income before income taxes for May 2026: $1,834 million source
• Total comprehensive income (loss) for May 2026: $1,289 million source
• Comprehensive income year-to-date May 31, 2026: $4,521 million source

Impact estimates