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.
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From Progressive Corporation's 10-Q and 10-K filings (SEC XBRL). YoY compares each quarter with the same quarter a year earlier; it is blank when the year-ago figure is missing or negative.
Annual results
Fiscal year
Revenue
Growth
EPS (diluted)
Growth
Net margin
FY2025
$87.67B
+16.3%
$19.23
+33.5%
12.9%
FY2024
$75.37B
+21.4%
$14.40
+118.8%
11.3%
FY2023
$62.11B
+25.2%
$6.58
+457.6%
6.3%
FY2022
$49.61B
+4.0%
$1.18
-79.2%
1.5%
FY2021
$47.70B
+11.8%
$5.66
-41.4%
7.0%
Frequently asked questions
When is Progressive's next earnings date?
Progressive has not announced a report date within the next three weeks. US companies usually report three to six weeks after each quarter ends; this page updates as soon as the date is on the calendar.
What did Progressive earn last quarter?
For the quarter ended Sep 2026, Progressive reported diluted EPS of $4.37 (-1.8% year over year) on revenue of $23.19B (+3.0%).
Where do these numbers come from?
Reported revenue, net income and EPS come from the company's own 10-Q and 10-K filings with the SEC (XBRL data). The report date and consensus estimate come from the Nasdaq earnings calendar.
Not investment advice. Figures can be restated by the company in later filings.