PGR · News · 20261014N

Investment Results

PROGRESSIVE CORP/OH/ · 2026-10-14 · Importance 59 · Surprise 82

Progressive recorded third-quarter pretax net realized losses on securities of $170 million, compared with $295 million of pretax net realized gains in the year-ago quarter. September alone produced a $231 million realized securities loss versus a $138 million gain in September 2025. The year-over-year change in quarterly realized securities results was approximately 158%, materially affecting reported net income despite improved underwriting performance.

Key facts

• Total pretax net realized losses on securities in September quarter: $(231) million; year-to-date loss: $(170) million vs prior-year gain of $295 million source
• Reported net realized loss on securities for the quarter: $170 million (year-to-date/quarter figure reported as a loss of $170 million) source