Progressive Corporation 8-K
PositiveEarnings
September underwriting swung to a Y/Y profit; favorable prior-accident-year development supported YTD results.
Filed 2026-10-14 09:00 ET
- 2.02 Results of Operations
- 9.01 Financial Statements and Exhibits
Summary
September and Q3 2026 results. September net income more than doubled year over year, while Q3 net income declined 3%; the Q3 combined ratio improved to 88.7%. YTD net premiums earned and net income increased, while the company provided no forward financial outlook.
Key Figures
| Metric | September 2026 | Q3 2026 | YTD 2026 |
|---|---|---|---|
| Net premiums written | $7.26B, +2% Y/Y | $22.3B, +4% Y/Y | $67.0B, +5% Y/Y |
| Net premiums earned | $7.16B, +5% Y/Y | $21.9B, +5% Y/Y | $64.4B, +6% Y/Y |
| Net income | $630M, +107% Y/Y | $2.54B, -3% Y/Y | $8.67B, +4% Y/Y |
| Diluted EPS | $1.08, +109% Y/Y | $4.37, -2% Y/Y | $14.83, vs $14.21 |
| Combined ratio | 90.0%, vs 100.4% | 88.7%, vs 89.5% | 87.5% |
- Policies in force were 40.5M at 9/30/2026, +6% Y/Y. YTD prior-accident-year development was $1.54B favorable; the company reported no additional commentary on September’s results.
- September share repurchases were 969,262 shares at an average $207.92 per share; 579.5M shares were outstanding at month-end. Investments at fair value were $99.2B and debt was $8.39B.
Guidance
No guidance in this filing.
Investor Takeaways
- Watch the Q3 investor call scheduled for 11/03/2026 and the Q3 Form 10-Q planned for 11/02/2026.
- October results are scheduled for release on 11/18/2026 before the market opens.
The summary is written by an AI model reading the filing.
Model 005 · prompt 8bef31e277 · 2026-10-14 14:34:03Z