Progressive Corporation reported a 10% increase in net income and a 6% rise in net premiums written for April 2026.
Quiver AI Summary
The Progressive Corporation announced its financial results for April 2026, showing a 6% increase in net premiums written, reaching $7.278 billion compared to $6.837 billion in April 2025. Net premiums earned also rose by 7% to $7.112 billion, while net income grew by 10% to $1.087 billion, resulting in an earnings per share increase to $1.86 from $1.68 the previous year. The company reported significant improvements in securities with total pretax net realized gains of $402 million, contrasting with a loss in the same period last year. The combined ratio increased to 90.2, up from 84.9. Additionally, Progressive reported growth in policies across personal and commercial lines, with a total of 39,767 policies in force, an 8% rise from the previous year.
Potential Positives
- Net premiums written increased by 6%, indicating strong growth in business activity.
- Net income rose by 10%, reflecting improved profitability year-over-year.
- Per share earnings available to common shareholders increased by 11%, demonstrating enhanced shareholder value.
- Total policies in force grew by 8%, showcasing the company's expanding customer base.
Potential Negatives
- Combined ratio at 90.2 indicates a decline of 5.3 points compared to the previous year, suggesting increased costs relative to earned premiums.
- Despite increased net income and premiums, the company's slower growth in policies in force, especially in personal lines, may indicate market saturation or competitive pressure.
- The significant pretax net realized gains on securities of $402 million in 2026 against losses of $(3) million in 2025 may raise concerns regarding reliance on investment performance to bolster earnings rather than core underwriting profits.
FAQ
What financial results did Progressive Corporation report for April 2026?
Progressive reported a net income of $1,087 million, a 10% increase compared to April 2025.
How did net premiums change for Progressive in April 2026?
Net premiums written increased by 6%, reaching $7,278 million, compared to $6,837 million in 2025.
What is the combined ratio reported by Progressive for April 2026?
The combined ratio for April 2026 was 90.2, up 5.3 points from 84.9 in the previous year.
How many policies were in force for personal lines in April 2026?
There were 38,560 policies in force for personal lines in April 2026, a 9% increase from the previous year.
What services does Progressive offer to consumers?
Progressive offers car insurance, home insurance, commercial auto insurance, and additional protection needs through various convenient channels.
Disclaimer: This is an AI-generated summary of a press release distributed by GlobeNewswire. The model used to summarize this release may make mistakes. See the full release here.
$PGR Insider Trading Activity
$PGR insiders have traded $PGR stock on the open market 11 times in the past 6 months. Of those trades, 0 have been purchases and 11 have been sales.
Here’s a breakdown of recent trading of $PGR stock by insiders over the last 6 months:
- JOHN P SAUERLAND (VP and Chief Financial Officer) sold 5,000 shares for an estimated $1,142,400
- JONATHAN S. BAUER (Chief Investment Officer) has made 0 purchases and 2 sales selling 5,371 shares for an estimated $1,094,618.
- KAREN BAILO (Commercial Lines President) sold 3,517 shares for an estimated $745,604
- STEVEN BROZ (Chief Information Officer) has made 0 purchases and 2 sales selling 2,689 shares for an estimated $609,181.
- ANDREW J QUIGG (Chief Strategy Officer) sold 1,649 shares for an estimated $336,973
- DEVIN C JOHNSON sold 980 shares for an estimated $199,038
- MARIBEL PUMAREJO (Chief Marketing Oficer) sold 738 shares for an estimated $150,137
- CARL G JOYCE (Chief Accounting Officer) has made 0 purchases and 2 sales selling 411 shares for an estimated $85,645.
To track insider transactions, check out Quiver Quantitative's insider trading dashboard. You can access data on insider stock transactions through the Quiver Quantitative API insider transaction endpoint.
$PGR Congressional Stock Trading
Members of Congress have traded $PGR stock 6 times in the past 6 months. Of those trades, 4 have been purchases and 2 have been sales.
Here’s a breakdown of recent trading of $PGR stock by members of Congress over the last 6 months:
- REPRESENTATIVE DAVID TAYLOR has traded it 3 times. They made 3 purchases worth up to $45,000 on 04/27, 02/10, 01/16 and 0 sales.
- REPRESENTATIVE GILBERT RAY CISNEROS, JR. has traded it 2 times. They made 1 purchase worth up to $15,000 on 01/09 and 1 sale worth up to $15,000 on 02/10.
- REPRESENTATIVE JULIE JOHNSON sold up to $15,000 on 12/18.
To track congressional stock trading, check out Quiver Quantitative's congressional trading dashboard. You can access data on congressional stock trades through the Quiver Quantitative API Congress trades endpoint.
$PGR Hedge Fund Activity
We have seen 831 institutional investors add shares of $PGR stock to their portfolio, and 1,031 decrease their positions in their most recent quarter.
Here are some of the largest recent moves:
- CAPITAL RESEARCH GLOBAL INVESTORS added 11,430,114 shares (+102.6%) to their portfolio in Q1 2026, for an estimated $2,265,905,799
- CAPITAL INTERNATIONAL INVESTORS removed 6,100,124 shares (-40.9%) from their portfolio in Q1 2026, for an estimated $1,209,288,581
- CAPITAL WORLD INVESTORS added 4,650,923 shares (+48.8%) to their portfolio in Q1 2026, for an estimated $921,998,975
- DIAMANT ASSET MANAGEMENT, INC. added 4,048,351 shares (+19724.0%) to their portfolio in Q1 2026, for an estimated $802,545,102
- JPMORGAN CHASE & CO removed 2,827,619 shares (-15.4%) from their portfolio in Q4 2025, for an estimated $643,905,398
- EGERTON CAPITAL (UK) LLP removed 2,588,638 shares (-100.0%) from their portfolio in Q4 2025, for an estimated $589,484,645
- TWO SIGMA INVESTMENTS, LP added 2,581,531 shares (+272.8%) to their portfolio in Q1 2026, for an estimated $511,762,705
To track hedge funds' stock portfolios, check out Quiver Quantitative's institutional holdings dashboard. You can access data on hedge funds moves and 13F filings through the Quiver Quantitative API 13F endpoint.
$PGR Analyst Ratings
Wall Street analysts have issued reports on $PGR in the last several months. We have seen 1 firms issue buy ratings on the stock, and 1 firms issue sell ratings.
Here are some recent analyst ratings:
- Morgan Stanley issued a "Underweight" rating on 01/29/2026
- Barclays issued a "Overweight" rating on 01/08/2026
To track analyst ratings and price targets for $PGR, check out Quiver Quantitative's $PGR forecast page.
$PGR Price Targets
Multiple analysts have issued price targets for $PGR recently. We have seen 12 analysts offer price targets for $PGR in the last 6 months, with a median target of $222.0.
Here are some recent targets:
- Elyse Greenspan from Wells Fargo set a target price of $218.0 on 04/16/2026
- Michael Zaremski from BMO Capital set a target price of $221.0 on 04/16/2026
- Joshua Shanker from B of A Securities set a target price of $312.0 on 04/16/2026
- Meyer Shields from Keefe, Bruyette & Woods set a target price of $210.0 on 04/07/2026
- Bob Huang from Morgan Stanley set a target price of $190.0 on 03/31/2026
- Andrew Andersen from Jefferies set a target price of $215.0 on 03/24/2026
- Brian Meredith from UBS set a target price of $220.0 on 03/23/2026
Full Release
MAYFIELD VILLAGE, OHIO, May 20, 2026 (GLOBE NEWSWIRE) -- The Progressive Corporation (NYSE:PGR) today reported the following results for the month ended April 30, 2026:
| April | ||||||||||
| (millions, except per share amounts and ratios; unaudited) | 2026 | 2025 | Change | |||||||
| Net premiums written | $ | 7,278 | $ | 6,837 | 6 | % | ||||
| Net premiums earned | $ | 7,112 | $ | 6,641 | 7 | % | ||||
| Net income | $ | 1,087 | $ | 986 | 10 | % | ||||
| Per share available to common shareholders | $ | 1.86 | $ | 1.68 | 11 | % | ||||
| Total pretax net realized gains (losses) on securities | $ | 402 | $ | (3 | ) | NM | ||||
| Combined ratio | 90.2 | 84.9 | 5.3 | pts. | ||||||
| Average diluted equivalent common shares | 585.3 | 587.7 | 0 | % | ||||||
| NM = Not Meaningful | ||||||||||
| April 30, | |||||
|
(thousands; unaudited)
|
2026 | 2025 | % Change | ||
| Policies in Force | |||||
| Personal Lines | |||||
| Agency – auto | 11,108 | 10,246 | 8 | ||
| Direct – auto | 16,645 | 14,938 | 11 | ||
| Special lines | 7,168 | 6,705 | 7 | ||
| Property | 3,639 | 3,590 | 1 | ||
| Total Personal Lines | 38,560 | 35,479 | 9 | ||
| Commercial Lines | 1,207 | 1,174 | 3 | ||
| Total | 39,767 | 36,653 | 8 | ||
See Progressive’s complete monthly earnings release for additional information.
About Progressive
Progressive Insurance ® makes it easy to understand, buy and use car insurance , home insurance , and other protection needs. Progressive offers choices so consumers can reach us however it’s most convenient for them — online at progressive.com , by phone at 1-800-PROGRESSIVE, via the Progressive mobile app, or in-person with a local agent.
Progressive provides insurance for personal and commercial autos and trucks, motorcycles, boats, recreational vehicles, and homes; it is the second largest personal auto insurer in the country, a leading seller of commercial auto, motorcycle , and boat insurance, and one of the top 15 homeowners insurance carriers.
Founded in 1937, Progressive continues its long history of offering shopping tools and services that save customers time and money, like Name Your Price ® , Snapshot ® , and HomeQuote Explorer ® .
The Common Shares of The Progressive Corporation, the Mayfield Village, Ohio-based holding company, trade publicly at NYSE: PGR.
Company Contact:
Julianna Paterra
(231) 600-3060
[email protected]
The Progressive Corporation
300 North Commons Blvd.
Mayfield Village, Ohio 44143
http://www.progressive.com
Download PDF: Progressive April 2026 Complete Earnings Release
