Progressive FY26 Q2 net income rises 4% to $3.31 billion; revenue climbs 7% to $45.8 billion
PGR•Progressive reports higher quarterly income and revenue
Progressive posted Q2 2026 net income of $3.31 billion, up 4.29% year over year, as total revenue rose 7.29% to $23.61 billion.
Underwriting profitability eased, with total underwriting operations combined ratio widening 1.1 percentage points to 87.3%.
Investment income climbed 12.4% to $979 million, while total net realized gains on securities increased to $604 million.
Net premiums written rose 5% to $21.1 billion, while policies in force increased 7% to 40.09 million.
CEO Tricia Griffith said the insurer reached the No. 1 spot in private passenger auto by trailing 12-month net premiums written as of Q1 2026.
