PGR · 10-Q · 2026Q3 · Full report

Revenue Performance and Mix

PROGRESSIVE CORP/OH/ · 2026-11-02 · Importance 42 · Surprise 14 · In source text

Third-quarter 2026 companywide net premiums written were $22.3 billion, up 4% year over year, while net premiums earned increased 5%. Personal Lines net premiums written rose 4% to $19.9 billion, representing 89% of companywide written premium; personal vehicle agency, direct, and personal property written premiums increased 2%, 5%, and 5%, respectively. Commercial Lines net premiums written increased 9% to $2.4 billion, while its earned premiums increased 2% to $2.8 billion. Companywide policies in force grew 6%, or 2.4 million, to 40.5 million at September 30, 2026.

Key facts

• Companywide net premiums written were $22.3 billion in third quarter 2026, up $0.9 billion, or 4%, year over year; net premiums earned increased 5%. source
• Personal Lines net premiums written increased 4% in third quarter 2026; personal vehicle agency business increased 2%, direct increased 5%, and personal property increased 5%, year over year. source
• Personal Lines represented 89% of companywide net premiums written in third quarter 2026. source
• Progressive’s total personal property written premium per policy declined year over year in the third quarter and first nine months of 2026, principally due to a shift toward lower-premium renters policies and fewer higher-premium homeowners policies in volatile weather markets and non-owner-occupied properties. source

Impact estimates