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AI brief of an SEC Form 8-K · Progressive (PGR)

Progressive July net income falls 12% to $961 million as premiums rise 5%

Mixed Impact 3 of 5 earnings Written later

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.

Key points

  • 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.

The filing

CompanyProgressive (PGR)
Form8-K, current report
Filed with the SECAug 19, 2026, 9:08 AM ET
Accession number0000080661-26-000315

Items reported: 7.01 Regulation FD Disclosure

Read the filing on SEC.gov ↗

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 August 19, 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.