PGR · 8-K · 20261014PR000367
Revenue Performance and Mix
PROGRESSIVE CORP/OH/ · 2026-10-14 · Importance 37 · Surprise 32 · No source text
September net premiums earned increased 5% year over year to $7,160 million, while third-quarter net premiums earned rose 5% to $21,869 million. For the quarter, Personal Lines net premiums earned increased 4% to $6,201 million, including 6% growth in Direct auto to $3,430 million, while Commercial Lines increased 8% to $959 million. Year to date, net premiums earned increased 6% to $64,410 million, led by 11% growth in Direct auto to $31,161 million; Commercial Lines declined 2% to $8,081 million. September net premiums written rose 2% to $7,255 million, with Commercial Lines up 6% and Personal Lines property up 4%.
Key facts
- Net premiums written for the quarter ended September 30, 2026: $22,301 million, a 4% change versus 2025. source
- Net premiums earned for September 2026: $7,160 million, a 5% change versus 2025. source
- Net premiums earned for the quarter ended September 30, 2026: $21,869 million, a 5% change versus 2025. source
- Year-to-date through September 30, 2026 companywide net premiums written: $67,019 million, % growth in NPW 5%. source
- Year-to-date through September 30, 2026 companywide net premiums earned: $64,410 million, % growth in NPE 6%. source
- Net premiums written for September 2026: $7,255 million. source
- Net premiums written year-to-date through September 30, 2026: $67,019 million. source
- Net premiums earned year-to-date through September 30, 2026: $64,410 million. source
Impact estimates
| metric | direction | stage | expected | basis |
|---|---|---|---|---|
| revenue | positive | realized | +283.9% | Year-to-date (through September 30, 2026) Personal Lines net premiums written: Agency $23,387 million, Direct $32,276 million, Property… |
| revenue | positive | realized | +31.5% | For the month ended September 30, 2026, total revenues were $7,434 million and total expenses were $6,634 million, resulting in income… |
| revenue | positive | realized | +27.4% | September 2026 Personal Lines - Agency net premiums written: $2,594 million; Direct net premiums written: $3,588 million; Property net… |
| revenue | positive | realized | +15.4% | Year-to-date through September 30, 2026 companywide net premiums earned: $64,410 million, % growth in NPE 6%. |
| revenue | positive | realized | +13.5% | Year-to-date through September 30, 2026 companywide net premiums written: $67,019 million, % growth in NPW 5%. |
| revenue | positive | realized | +4.3% | Net premiums earned for the quarter ended September 30, 2026: $21,869 million, a 5% change versus 2025. |
| revenue | positive | realized | +3.9% | Net premiums written for the quarter ended September 30, 2026: $22,301 million, a 4% change versus 2025. |
| operating_income | positive | realized | +3.4% | For the month ended September 30, 2026, total revenues were $7,434 million and total expenses were $6,634 million, resulting in income… |
| revenue | positive | realized | +1.4% | Net premiums earned for September 2026: $7,160 million, a 5% change versus 2025. |