PGR · 8-K · 20260918PR000322
Income Tax Rate Changes
PROGRESSIVE CORP/OH/ · 2026-09-18 · Importance 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. Year-to-date pretax income increased to $10,211 million from $10,149 million, implying an effective tax rate of approximately 21.3% versus 20.7% in 2025. The year-to-date tax-rate increase reduced net income relative to the pretax improvement by approximately $60 million.