PGR · 10-Q · 2026Q2 · Full report

Bundled Auto and Home Growth

PROGRESSIVE CORP/OH/ · 2026-08-03 · Importance 31 · Surprise 32

Personal property written premium per policy declined 8% for the second quarter and 7% for the first six months of 2026, primarily because the mix shifted toward lower-premium renters policies. Homeowners policies in force decreased 2% in growth-oriented markets and 17% in volatile weather markets as of June 30, 2026. Progressive increased personal property rates approximately 1% during the second quarter, bringing the year-to-date aggregate increase to 3%. The company expanded agency relationships, reopened selected markets, and lifted targeted underwriting restrictions while retaining restrictions in markets focused on profitability and weather exposure.