PGR · News · 20261014N

Revenue Performance and Mix

PROGRESSIVE CORP/OH/ · 2026-10-14 · Importance 37 · Surprise 32 · No source text

Progressive reported third-quarter 2026 net premiums earned of $21.869 billion, up 5% from $20.849 billion a year earlier. Net premiums written increased 4% to $22.301 billion from $21.384 billion. Reported quarterly revenue was approximately $23.19 billion, while adjusted revenue was $23.36 billion, both below analyst expectations of roughly $23.4 billion. Premium growth exceeded the 3% year-over-year increase in reported revenue, indicating that investment results and other revenue components constrained the overall mix.

Key facts

• In the past nine months to September 30, 2026, Progressive reported revenue of $68.99 billion and net income of $8.67 billion, with diluted EPS from continuing operations of $14.83 source
• Q3 2026 revenue: $23.19 billion (3% year-on-year growth) source
• Net premiums written in Q3 2026: $22.3 billion (up 4% from $21.4 billion a year ago) source
• Net premiums earned in Q3 2026: $21.87 billion source
• Revenue (alternative reporting) for Q3 2026: $22.3 billion source
• Reported revenue for the quarter ended September 2026: $23.36 billion (adjusted revenue) source
• Net premiums written for the September quarter (millions) 2026: $7,255; year-to-date/net for quarter reported: $22,301 source
• Year-to-date net premiums written reported as $67.019 billion (stated as 'reaching $67.019 billion') source

Impact estimates