Every material Form 8-K Progressive has filed with the SEC since November 19, 2025, read and summarized by AI: what happened, the key figures, whether it reads positive or negative for shareholders, and how big a deal it is (impact 1-5). Newest first; each brief links to its own page and to the filing on SEC.gov.
Progressive reported September 2026 net income of $630 million, up from $305 million a year earlier, with diluted earnings of $1.08 per share versus $0.52. For the September quarter, net income fell 3% to $2.54 billion and earnings per share fell 2% to $4.37, as pretax realized investment losses offset stronger premium growth.
September net premiums written rose 2% to $7.26 billion and net premiums earned rose 5% to $7.16 billion.
September combined ratio was 90.0 versus 100.4 a year earlier; the quarterly combined ratio was 88.7 versus 89.5.
Quarterly net income was $2.54 billion, down 3% from $2.62 billion; pretax realized losses on securities were $170 million for the quarter, versus $295 million of gains a year earlier.
Progressive reported August 2026 results in a news release furnished under Regulation FD. Net premiums written rose 6% to $7,605 million, but net income fell 22% to $951 million and diluted earnings per share fell 21% to $1.63, with the combined ratio rising to 89.3 from 83.1. Shareholders see higher premium volume alongside lower monthly profit, driven by a higher loss and expense ratio.
Net income was $951 million versus $1,220 million in August 2025, down 22%.
Diluted earnings per share were $1.63 versus $2.07 a year earlier, down 21%.
Net premiums written rose 6% to $7,605 million; policies in force reached 40,492 thousand, up 7%.
Companywide combined ratio was 89.3 versus 83.1, with catastrophe losses from severe weather cited for the month.
Progressive reported July 2026 net income of $961 million, down 12% from $1.09 billion a year earlier, with earnings of $1.65 per share versus $1.85. Net premiums written rose 5% to $7.4 billion, but the combined ratio worsened to 86.8 from 85.3, and the company recorded pretax realized losses on securities of $47 million compared with gains of $79 million a year earlier. Year-to-date net income rose to $7.09 billion from $6.83 billion.
July net premiums written were $7.4 billion, up 5%; net premiums earned were $7.4 billion, also up 5%.
The July combined ratio was 86.8, up 1.5 points from 85.3 a year earlier.
July pretax net realized losses on securities were $47 million, compared with gains of $79 million in July 2025.
Policies in force reached 40.3 million at July 31, 2026, up 7% from a year earlier; August results are due September 18, 2026.
Progressive released a report on its Catastrophe Reinsurance Program on August 10, 2026, describing its reinsurance practices and the program it completed placing for June 1, 2026 to May 31, 2027. The Board also declared a quarterly common share dividend of $0.10 per share, payable October 9, 2026, to shareholders of record on October 1, 2026. The filing furnishes the report under Regulation FD and does not report new financial results.
Quarterly dividend of $0.10 per share declared August 7, 2026; payable October 9, 2026 to holders of record on October 1, 2026
Property per Occurrence XOL program retention is $300 million for a first event outside Florida and $75 million for a first event in Florida
Coverage limits, net of retention, are $1.85 billion for a first event outside Florida and $2.19 billion for a first event in Florida
Program renewed June 1, 2026 and covers losses occurring June 1, 2026 through May 31, 2027
Progressive reported June 2026 results in a news release filed with the SEC. June net income fell to $779 million from $1,124 million a year earlier, and earnings per share fell to $1.34 from $1.91, while net premiums written rose 3% to $6,772 million. The combined ratio rose to 90.0 from 86.6, so underwriting profitability weakened in the month even as premium volume grew.
June net income was $779 million, down 31% from $1,124 million a year earlier.
June earnings per share were $1.34, compared with $1.91 a year earlier.
June net premiums written were $6,772 million, up 3%; the combined ratio was 90.0 versus 86.6.
Year-to-date net income was $6,129 million, up from $5,742 million for the same period in 2025.
Progressive reported May 2026 net income of $1.4 billion, up 36% from a year earlier, with diluted earnings per share of $2.47 versus $1.81 and a combined ratio of 82.1 versus 86.9. Net premiums earned rose 10%, and the company said Personal Lines President Patrick K. Callahan plans to retire in January 2027. Lori Niederst will become Chief Personal Lines Officer, and Heather Day will become CRM President, both effective July 4, 2026.
May net income was $1,445 million versus $1,065 million; diluted EPS was $2.47 versus $1.81.
Combined ratio was 82.1 versus 86.9 in May 2025; net premiums written rose 6% to $7,027 million.
Patrick K. Callahan intends to retire as Personal Lines President in January 2027 and will advise the executive team afterward; terms are under discussion.
Lori Niederst becomes Chief Personal Lines Officer and Heather Day becomes CRM President, both effective July 4, 2026.
Progressive reported April 2026 results in a news release furnished under Item 7.01. Net income rose 10% to $1,087 million and earned premiums rose 7% to $7,112 million, but the combined ratio worsened to 90.2 from 84.9, which the company attributed in part to hail and thunderstorm losses. Shareholders get higher April profit and per-share earnings, offset by weaker underwriting margin.
Net income $1,087 million vs. $986 million in April 2025, up 10%
Diluted earnings per share $1.86 vs. $1.68 a year earlier, up 11%
Net premiums written $7,278 million, up 6%; net premiums earned $7,112 million, up 7%
Combined ratio 90.2 vs. 84.9 a year earlier, up 5.3 points; net catastrophe loss ratio 7.0 from hail and thunderstorms
Progressive's board elected Andrew J. Quigg, the company's current Chief Strategy and Finance Management Officer, as Vice President and Chief Financial Officer, effective July 4, 2026, ahead of John P. Sauerland's retirement on July 3, 2026. At the May 8, 2026 annual meeting, shareholders elected all eleven directors, approved the advisory executive compensation vote, and ratified PricewaterhouseCoopers LLP as auditor for 2026; the board also renewed a share buyback authorization and declared a quarterly dividend.
Andrew J. Quigg, 46, becomes CFO effective July 4, 2026; his CFO compensation has not been finalized and will be disclosed in a future amendment.
Board renewed authorization to repurchase up to 25 million common shares on May 8, 2026.
Quarterly dividend of $0.10 per share is payable July 10, 2026, to shareholders of record on July 2, 2026.
Advisory vote on executive compensation received 464,140,742 affirmative and 18,782,535 negative votes.
Progressive reported March 2026 net income of $712 million, up 36% from a year earlier, with diluted earnings of $1.21 per share. For the first quarter, net income rose 10% to $2.82 billion and diluted EPS was $4.80 versus $4.37, while net premiums written and earned both grew.
March net income $712 million vs. $522 million a year earlier; diluted EPS $1.21 vs. $0.89.
March net premiums written $9.9 billion, up 10%; net premiums earned $7.5 billion, up 11%.
First-quarter combined ratio 86.4 vs. 86.0 a year earlier; March combined ratio 88.8 vs. 90.9.
Next release: April results on May 20, 2026; first-quarter conference call on May 5, 2026.
Progressive agreed on March 23, 2026 to sell $500 million of 4.60% senior notes due 2031 and $1 billion of 5.15% senior notes due 2036, with closing expected on March 26, 2026. Estimated net proceeds are $1,487 million, which adds to the company's debt funding. The filing covers a debt offering under an existing shelf registration and does not report any change to operating results or guidance.
Offering totals $1.5 billion: $500 million of 2031 notes at 4.60% and $1 billion of 2036 notes at 5.15%
Estimated net proceeds of $1,487 million after underwriting discounts and expenses
Interest payable semi-annually from September 26, 2026; notes mature March 26, 2031 and March 26, 2036
Underwriters are Goldman Sachs & Co. LLC and TD Securities (USA) LLC; closing expected March 26, 2026
Progressive reported February 2026 results in a news release furnished under Item 7.01, covering the month ended February 28, 2026. Net income rose 2% to $943 million and earnings per share rose 2% to $1.61, while net premiums written grew 5% to $6,995 million, but the combined ratio worsened to 85.7 from 82.6 a year earlier. The filing contains no guidance changes.
February net income $943 million vs. $928 million a year earlier (up 2%)
Diluted EPS $1.61 vs. $1.58 (up 2%); combined ratio 85.7 vs. 82.6 (3.1 points higher)
Net premiums written $6,995 million, up 5%; policies in force 39,220,000, up 10%
Management said February premium growth is about 2-3 points lower due to a month-end closing timing nuance; March results are due April 15, 2026
Progressive reported January 2026 results, with net income of $1.163 billion, up 4% from $1.117 billion a year earlier, and earnings of $1.98 per diluted share, up from $1.90. Net premiums written rose 4% to $6.735 billion and policies in force grew 10% to 38.9 million, while the combined ratio worsened slightly to 84.4 from 84.1. The release is a monthly update, and the company made no additional commentary on January results.
Net income $1.163 billion vs. $1.117 billion in January 2025, up 4%
Diluted earnings per share $1.98 vs. $1.90, up 4%
Combined ratio 84.4 vs. 84.1 a year earlier, 0.3 points higher
Policies in force 38.9 million at January 31, 2026, up 10% from a year earlier
Progressive reported December 2025 net income of $1.147 billion, up 22% from $942 million a year earlier, and full-year 2025 net income of $11.308 billion, up from $8.480 billion in 2024. The company also said CFO John Sauerland will retire on July 3, 2026, and Chief Strategy Officer Andrew Quigg is expected to succeed him.
December 2025 net income was $1.147 billion versus $942 million; diluted EPS was $1.95 versus $1.60.
December combined ratio was 87.1 versus 84.1 a year earlier, a higher (less favorable) figure.
Full-year 2025 net income was $11.308 billion versus $8.480 billion; full-year diluted EPS was $19.23 versus $14.40.
Sauerland retires July 3, 2026; Quigg is expected to be appointed CFO upon his retirement.
Progressive reported November 2025 results in a news release furnished under Regulation FD. Net income fell 5% year over year to $958 million, or $1.63 per share, while net premiums written rose 11% to $6,193 million and the combined ratio worsened to 87.1 from 85.6. Year-to-date net income through November was $10,161 million, up from $7,538 million a year earlier.
November net income was $958 million, down 5% from $1,006 million in November 2024.
November net premiums written rose 11% to $6,193 million; net premiums earned rose 14% to $6,894 million.
The November combined ratio was 87.1, compared with 85.6 a year earlier, a 1.5-point increase.
Year-to-date net income was $10,161 million, compared with $7,538 million for the same period in 2024.
Progressive reported its financial results for the month and year-to-date periods ended October 31, 2025, in a news release furnished under Item 7.01. October net income rose to $846 million, or $1.44 per diluted share, from $408 million, or $0.69, a year earlier, and the combined ratio improved to 89.7 from 94.1.
October 2025 net income was $846 million, up 107% from $408 million in October 2024.
Net premiums written were $7,002 million, up 6%, and net premiums earned were $7,078 million, up 11%.
The combined ratio was 89.7 versus 94.1 a year earlier; companywide policies in force were 38,379 thousand, up 12%.
Year-to-date net income was $9,203 million versus $6,532 million; November results are scheduled for December 17, 2025.
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