Progressive Corporation (PGR)

The company now

The Progressive Corporation reported third-quarter 2026 net income of $2,542 million, down 3 percent from a year earlier, on a combined ratio of 88.7 1. Its companywide underwriting profit margin was 11.3 percent, above its 4 percent goal 2.

Net premiums written, the premiums on policies sold in the period, grew 4 percent to $22.3 billion, and policies in force rose 6 percent to 40.5 million 21. The CEO's quarterly letter calls the market "extremely competitive" and says growth came "at a more moderate pace than in prior periods" 3.

Progressive says average premium per personal auto policy fell 2 percent, mainly because of rate decreases over the previous 12 months, while the typical length of time a new auto customer stays fell 9 percent 2.

Advertising expense was $1.6 billion in the quarter, 18 percent more than a year earlier 2. It also repurchased 7.7 million shares for $1.6 billion in nine months, after paying a $13.60 per share dividend in January 2.

Andrew Quigg took over as chief financial officer from John Sauerland in July 2026, and the personal lines president has said he will retire in January 2027 87.

The next dated event is the October monthly results release, planned for 18 November 2026 1.

As of Nov 4, 2026. Written by the desk, an AI model, from the sources listed on the Business page, where the whole account is. Nothing here is advice.