PGR · 8-K · 20260819PR000315

Net Income and EPS Performance

PROGRESSIVE CORP/OH/ · 2026-08-19 · Importance 31 · Surprise 22 · No source text

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 July. Year-to-date net income increased 4% to $7,090 million, while diluted earnings per share increased to $12.12 from $11.62. July comprehensive income fell to $447 million because of a $515 million pretax unrealized loss on fixed-maturity securities.

Key facts

• Trailing 12-month return on average common shareholders' equity (net income) as of July 31, 2026: 34.2%; (comprehensive income) 31.3% source
• Net income for July 2026: $961 million, change vs 2025: (12)% source
• Income before income taxes for July 2026: $1,227 million; Provision for income taxes: $266 million; Net income: $961 million source
• Net income year-to-date as of July 31, 2026: $7,090 million, 2025: $6,832 million source
• Per share available to common shareholders for July 2026: $1.65, change vs 2025: (11)% source
• Per common share basic year-to-date 2026: $12.14, diluted: $12.12; per common share diluted comprehensive income year-to-date 2026: $9.61 source

Impact estimates