PGR · News · 20261014N

Net Income and EPS Performance

PROGRESSIVE CORP/OH/ · 2026-10-14 · Importance 48 · Surprise 46 · From source text

Progressive reported third-quarter net income of $2.542 billion, down 3% from $2.615 billion a year earlier, while quarterly EPS declined 2% to $4.37 from $4.45. September monthly net income rose 107% to $630 million from $305 million, and September EPS increased 109% to $1.08 from $0.52. Adjusted third-quarter EPS was $4.60, up from $4.05 and 3.1% above the Zacks consensus estimate of $4.46. The quarterly earnings decline occurred despite 5% growth in net premiums earned, as net realized securities results shifted to a $170 million loss from a $295 million gain.

Key facts

• Q3 2026 net income (quarter ended Sept. 30, 2026): $2.542 billion (down 3% year-over-year) source
• September-quarter net income: $630 million (September 2026)
• Progressive repurchased nearly a million shares in September (share repurchase activity) source
• Book value per share: $59.51 (1.6% year-on-year decline; 5.3% miss vs estimates of $62.85) source
• GAAP EPS for Q3 2026: $4.37 (1.8% below analysts' consensus of $4.45) source
• Adjusted EPS for Q3 2026: $4.60 per share (beat Zacks consensus of $4.46 by 3.1%) source
• EPS (GAAP) reported as $4.37 vs analyst expectations of $4.45 (1.8% miss) source
• Per share available to common shareholders for the September quarter: $1.08 source

Impact estimates