PGR · 8-K · 20261014PR000367

Net Income and EPS Performance

PROGRESSIVE CORP/OH/ · 2026-10-14 · Importance 43 · Surprise 46 · No source text

September net income increased 107% year over year to $630 million, and diluted earnings per share increased 109% to $1.08. Third-quarter net income declined 3% to $2,542 million, while diluted per-share earnings declined 2% to $4.37. Year-to-date net income increased 4% to $8,671 million, and diluted earnings per share increased 4% to $14.21 from $14.83 under the comparable per-share presentation. Average diluted equivalent common shares declined 1% year over year to 581.7 million in September and 584.6 million year to date.

Key facts

• Net income for September 2026: $630 million, up 107% versus September 2025. source
• Net income for the quarter ended September 30, 2026: $2,542 million, a (3)% change versus 2025. source
• Year-to-date net income through September 30, 2026: $8,671 million versus $8,357 million in 2025. source
• Per share available to common shareholders for September 2026: $1.08, up 109% versus September 2025. source
• Year-to-date diluted earnings per common share through September 30, 2026: $14.83. source
• Trailing 12-month return on average common shareholders’ equity (Net income) as of September 30, 2026: 34.4%. source
• Trailing 12-month return on average common shareholders’ equity (Comprehensive income) as of September 30, 2026: 25.7%. source
• Per share available to common shareholders for the quarter ended September 30, 2026: $4.37, a (2)% change versus 2025. source

Impact estimates