Progressive June net income falls 31% to $779M; combined ratio rises to 90.0

Filed July 15, 2026 · Period ending July 15, 2026 · ~1 min read

Key Changes

• high

  June 2026 net income $779M, down 31% YoY from $1,124M; combined ratio deteriorated 3.4 points to 90.0 driven by higher loss and loss adjustment expenses relative to premiums earned.

  Exhibit 99 view on EDGAR →
• high

  Q2 2026 net income $3,311M, up 4% YoY; net premiums written grew 5% to $21,077M while combined ratio rose 1.1 points to 87.3.

  Exhibit 99 view on EDGAR →
• medium

  Property business combined ratio benefited from one-time favorable 11.7 point actuarial methodology change affecting IBNR reserves; adjustment will not recur in future periods.

  Exhibit 99 view on EDGAR →