Progressive Q3 net income falls to $2.54 billion
PGR•Progressive’s third-quarter 2026 net income fell year over year to $2.54 billion. Revenue rose to $23.19 billion, and policies in force increased 6% to 40,489,000.
1. Third-quarter results
Progressive reported third-quarter 2026 net income of $2.54 billion, down year over year. Total revenue rose to $23.19 billion, and net premiums written increased to $22.3 billion. Comprehensive income dropped 78% to $645 million, primarily due to unrealized losses on fixed-maturity securities.
2. Policies and advertising
Policies in force climbed 6% year over year to 40,489,000 at September 30, 2026. Management plans to continue investing in advertising to maximize growth while keeping spending efficient and profitability on track.
