PGR · 8-K · 20260918PR000322
Net Income and EPS Performance
PROGRESSIVE CORP/OH/ · 2026-09-18 · Importance 47 · Surprise 48 · No source text
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 million. Year-to-date net income was $8,041 million, broadly comparable with $8,052 million in 2025, and year-to-date diluted earnings per share increased to $13.75 from $13.69. August income before income taxes was $1,209 million after total expenses of $6,751 million.
Key facts
- Comprehensive income (loss) year-to-date through August 31, 2026: $6,503 million (vs. $9,696 million in 2025). source
- Net income year-to-date through August 31, 2026: $8,041 million. source
- Net income for August 2026: $951 million, (22)% vs. August 2025. source
- Total pretax income before income taxes for August 2026: $1,209 million; income before income taxes year-to-date through August 31, 2026: $10,211 million. source
- Total comprehensive income (loss) for August 2026: $877 million. source
- Per share available to common shareholders for August 2026: $1.63, (21)% vs. August 2025. source
- Average diluted equivalent common shares for August 2026: 582.1 (588.1 in August 2025). source
- Diluted net income per common share for August 2026: $1.63. source
Impact estimates
| metric | direction | stage | expected | basis |
|---|---|---|---|---|
| net_income | negative | realized | -0.1% | Comprehensive income (loss) year-to-date through August 31, 2026: $6,503 million (vs. $9,696 million in 2025). |
| net_income | positive | realized | — | Net income year-to-date through August 31, 2026: $8,041 million. |