Progressive reports 36% net income jump in May; Personal Lines President to retire in 2027

Filed June 17, 2026 · Period ending June 11, 2026 · ~1 min read

Key Changes

• high

  Net income rose 36% to $1,445M in May 2026 vs. $1,065M prior year; combined ratio improved 4.8 pts to 82.1, reflecting stronger underwriting profitability and investment income growth.

  Exhibit 99.1 verify on EDGAR →
• high

  Net premiums written grew 6% to $7,027M in May 2026; policies in force increased 8% YoY to 39,970 thousand, with Direct auto up 9% and Agency auto up 3%.

  Exhibit 99.1 verify on EDGAR →
• high

  Personal Lines President Pat Callahan will retire in January 2027 after 24 years; Lori Niederst promoted to newly created Chief Personal Lines Officer role overseeing both Personal Lines and CRM operations effective July 4, 2026.

  Item 5.02 — Departure of Directors or Certain Officers; Election of Directors; Compensation verify on EDGAR →