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Progressive March 2026 EPS $1.21 Up From $0.89 YoY; Net Premiums Written $9.911B Up From $9.041B YoY

Benzinga·04/15/2026 12:26:22
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The Progressive Corporation (NYSE:PGR) today reported the following results for the month and quarter ended March 31, 2026:

March Quarter
(millions, except per share amounts and ratios; unaudited) 2026 2025 Change 2026 2025 Change      
Net premiums written $ 9,911 $ 9,041 10 % $ 23,641 $ 22,206 6 %                  
Net premiums earned $ 7,519 $ 6,787 11 % $ 20,968 $ 19,409 8 %                  
Net income $ 712 $ 522 36 % $ 2,818 $ 2,567 10 %                  
Per share available to common shareholders $ 1.21 $ 0.89 37 % $ 4.80 $ 4.37 10 %                  
Total pretax net realized gains (losses) on securities $ (218 ) $ (211 ) 3 % $ (120 ) $ (212 ) (43 ) %        
Combined ratio 88.8 90.9 (2.1 ) pts. 86.4 86.0 0.4 pts.                        
Average diluted equivalent common shares 586.2 587.7 0 % 586.9 587.7 0 %