Progressive April net income rises 10% to $1,087 million; combined ratio up 5.3 points
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.
Key points
- 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
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 May 20, 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.