PGR · News · 20260923N
Net Income and Profitability
PROGRESSIVE CORP/OH/ · 2026-09-23 · Importance 41 · Surprise 48 · From source text
Progressive’s August net income fell to USD 951 million from USD 1.22 billion a year earlier, a decline of approximately 22%. The year-over-year decrease exceeded the materiality threshold because it was greater than 10%, despite the absolute change being below USD 708 million. Progressive is scheduled to report third-quarter results on October 8, 2026.
Key facts
- The company is scheduled to report third-quarter results on October 8, 2026. source
- Net income fell to USD 951 million from USD 1.22 billion a year prior (August underwriting figures). source
- Progressive Corp stock declined by 2.48 percent to USD 206.97 on September 22, 2026. source
Impact estimates
| metric | direction | stage | expected | basis |
|---|---|---|---|---|
| net_income | negative | realized | -1.1% | Net income fell to USD 951 million from USD 1.22 billion a year prior (August underwriting figures). |