The Progressive Corporation (NYSE: PGR) released financial results for the month and year-to-date periods ended September 30, 2026, in a Form 8-K filing.
For the month of September 2026, the company reported net premiums written of $7.255 billion, a 2% increase compared to the same period in 2025. Net premiums earned were $7.160 billion, up 5% year-over-year. The company reported net income of $630 million for the month, a significant increase of 107% compared to $305 million in September 2025. Diluted earnings per share available to common shareholders were $1.08, up 109% from $0.52 in the prior year.
The combined ratio for the month was 90.0%, an improvement of 10.4 percentage points compared to 100.4% in September 2025. The company noted that total pretax net realized losses on securities were $231 million for the month.
For the year-to-date period ended September 30, 2026, net premiums written totaled $67.019 billion, a 5% increase from $63.666 billion in 2025. Net premiums earned were $64.410 billion, also up 5% year-over-year. Net income for the nine-month period was $8.671 billion, compared to $8.357 billion in the prior year. Diluted earnings per share for the year-to-date were $4.37, a slight decrease of 2% from $4.45 in 2025.
The combined ratio for the year-to-date period was 87.5%, a 0.8 percentage point improvement compared to 88.7% in the prior year. The company reported total pretax net realized gains on securities of $314 million for the year-to-date period.
As of September 30, 2026, the company had 40,489 policies in force, a 6% increase from 38,078 policies in force at the same time in 2025. The company’s book value per common share was $59.51 as of September 30, 2026.
Progressive announced that its third-quarter Investor Relations conference call is scheduled for Tuesday, November 3, 2026, at 9:30 a.m. eastern time.
