Progressive August net income falls 22% to $951 million as premiums written rise 6%
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.
Key points
- 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.
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 September 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.