Progressive January net income rises 4% to $1.16 billion; combined ratio 84.4
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.
Key points
- 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
The filing
Written by AI on Nov 8, 2026, 2:16 AM ET, from this filing only. Written later: this filing was briefed after the fact, when past filings were added to the site, so the brief may be read with hindsight; the filing itself is the record of what was known on February 18, 2026.
Briefs are written by AI from the filing text and can contain mistakes — open the filing before acting on anything. Impact (1-5) and tone are the AI's reading of the filing for shareholders, not a price forecast. Not investment advice.