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Progressive reports $1.08 Q3 EPS and 2% growth in net premiums written

PGRProgressive Corp

The Progressive Corporation reported third-quarter financial results for the period ended September 30, 2026. Net income rose 107% to $630 million, or $1.08 per diluted share, compared to $305 million and $0.52 per share in the prior year. Net premiums written increased 2% to $7.26 billion, while net premiums earned grew 5% to $7.16 billion. The combined ratio improved significantly by 10.4 percentage points to 90.0 from 100.4 a year ago. Total policies in force reached 40.5 million, up 6% year-over-year. Progressive is a leading provider of personal and commercial property-casualty insurance in the United States.

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