Progressive Corporation reports February 2026 results, showing growth in net premiums written and earned, with increased net income.
Quiver AI Summary
The Progressive Corporation announced its financial results for February 2026, reporting a 5% increase in net premiums written at $6.995 billion compared to $6.684 billion in February 2025. Net premiums earned rose by 8% to $6.528 billion, while net income grew by 2% to $943 million, yielding a per-share value of $1.61, up from $1.58 the previous year. The total pretax net realized losses on securities improved significantly from $(110) million to $(5) million. The combined ratio was slightly higher at 85.7%, compared to 82.6% in the previous year. Additionally, Progressive's total policies in force reached 39,220, an increase of 10% from 35,620 in February 2025. Progressive is a leading insurance provider based in Mayfield Village, Ohio, focusing on various types of coverage, including personal and commercial auto insurance.
Potential Positives
- In February 2026, Progressive Corporation reported a 5% increase in net premiums written compared to the previous year, indicating strong demand for its insurance products.
- The company's net premiums earned increased by 8%, highlighting healthy growth in its revenue streams.
- Progressive's net income rose by 2% to $943 million, reflecting stable profitability amidst competitive market conditions.
- The significant reduction in total pretax net realized losses on securities (from $(110) million to $(5) million) indicates improved investment performance, which could enhance shareholder confidence.
Potential Negatives
- Decrease in total pretax net realized gains on securities, dropping from $(110) million to $(5) million, which indicates potential volatility in investment performance.
- Increase in combined ratio from 82.6 to 85.7, suggesting a decline in underwriting profitability.
FAQ
What were Progressive's net premiums written for February 2026?
Progressive reported net premiums written of $6,995 million for February 2026, showing a 5% increase from 2025.
How much did Progressive's net income grow in February 2026?
Net income for Progressive in February 2026 grew to $943 million, a 2% increase compared to the previous year.
What was the combined ratio for Progressive in February 2026?
The combined ratio for Progressive in February 2026 was 85.7, reflecting a 3.1-point increase from February 2025.
How many policies were in force for Progressive's personal lines in February 2026?
Progressive had 38,032 policies in force for personal lines as of February 2026, which is a 10% increase from 2025.
Where can consumers find more information about Progressive's insurance products?
Consumers can learn more about Progressive's insurance products by visiting their website at progressive.com or by calling 1-800-PROGRESSIVE.
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 13 times in the past 6 months. Of those trades, 0 have been purchases and 13 have been sales.
Here’s a breakdown of recent trading of $PGR stock by insiders over the last 6 months:
- PATRICK K CALLAHAN (Personal Lines President) sold 6,420 shares for an estimated $1,555,040
- STEVEN BROZ (Chief Information Officer) has made 0 purchases and 4 sales selling 5,379 shares for an estimated $1,230,705.
- 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
- JOHN JO MURPHY (Claims President) sold 2,218 shares for an estimated $536,977
- ANDREW J QUIGG (Chief Strategy Officer) sold 1,649 shares for an estimated $336,973
- MARIBEL PUMAREJO (Chief Marketing Oficer) sold 738 shares for an estimated $150,137
- CARL G JOYCE (Chief Accounting Officer) sold 141 shares for an estimated $29,892
To track insider transactions, check out Quiver Quantitative's insider trading dashboard.
$PGR Congressional Stock Trading
Members of Congress have traded $PGR stock 13 times in the past 6 months. Of those trades, 8 have been purchases and 5 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 4 times. They made 4 purchases worth up to $60,000 on 02/10, 01/16, 11/03 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 has traded it 2 times. They made 0 purchases and 2 sales worth up to $30,000 on 12/18, 11/13.
- SENATOR SHELDON WHITEHOUSE sold up to $50,000 on 10/27.
- REPRESENTATIVE BYRON DONALDS has traded it 3 times. They made 3 purchases worth up to $45,000 on 10/24, 10/09 and 0 sales.
- REPRESENTATIVE VAL T. HOYLE sold up to $15,000 on 09/23.
To track congressional stock trading, check out Quiver Quantitative's congressional trading dashboard.
$PGR Hedge Fund Activity
We have seen 813 institutional investors add shares of $PGR stock to their portfolio, and 1,063 decrease their positions in their most recent quarter.
Here are some of the largest recent moves:
- UBS AM, A DISTINCT BUSINESS UNIT OF UBS ASSET MANAGEMENT AMERICAS LLC removed 17,745,348 shares (-75.7%) from their portfolio in Q4 2025, for an estimated $4,040,970,646
- FMR LLC removed 5,299,126 shares (-43.4%) from their portfolio in Q4 2025, for an estimated $1,206,716,972
- WELLINGTON MANAGEMENT GROUP LLP added 4,197,212 shares (+181.8%) to their portfolio in Q4 2025, for an estimated $955,789,116
- BLACKROCK, INC. added 3,391,410 shares (+7.0%) to their portfolio in Q4 2025, for an estimated $772,291,885
- 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
- NUVEEN, LLC removed 1,688,787 shares (-33.4%) from their portfolio in Q4 2025, for an estimated $384,570,575
To track hedge funds' stock portfolios, check out Quiver Quantitative's institutional holdings dashboard.
$PGR Analyst Ratings
Wall Street analysts have issued reports on $PGR in the last several months. We have seen 3 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
- B of A Securities issued a "Buy" rating on 11/19/2025
- Raymond James issued a "Outperform" rating on 10/17/2025
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 14 analysts offer price targets for $PGR in the last 6 months, with a median target of $237.0.
Here are some recent targets:
- Michael Zaremski from BMO Capital set a target price of $208.0 on 03/11/2026
- Joshua Shanker from B of A Securities set a target price of $308.0 on 03/10/2026
- Brian Meredith from UBS set a target price of $218.0 on 02/23/2026
- Meyer Shields from Keefe, Bruyette & Woods set a target price of $232.0 on 02/19/2026
- David Motemaden from Evercore ISI Group set a target price of $230.0 on 02/19/2026
- Elyse Greenspan from Wells Fargo set a target price of $214.0 on 02/19/2026
- Matthew Heimermann from Citigroup set a target price of $261.0 on 02/04/2026
Full Release
MAYFIELD VILLAGE, OHIO, March 18, 2026 (GLOBE NEWSWIRE) -- The Progressive Corporation (NYSE:PGR) today reported the following results for the month ended February 28, 2026:
| February | |||||||||||
| (millions, except per share amounts and ratios; unaudited) | 2026 | 2025 | Change | ||||||||
| Net premiums written | $ | 6,995 | $ | 6,684 | 5 | % | |||||
| Net premiums earned | $ | 6,528 | $ | 6,036 | 8 | % | |||||
| Net income | $ | 943 | $ | 928 | 2 | % | |||||
| Per share available to common shareholders | $ | 1.61 | $ | 1.58 | 2 | % | |||||
| Total pretax net realized gains (losses) on securities | $ | (5 | ) | $ | (110 | ) | (95 | ) | % | ||
| Combined ratio | 85.7 | 82.6 | 3.1 | pts. | |||||||
| Average diluted equivalent common shares | 586.8 | 587.6 | 0 | % | |||||||
| February 28, | |||||
|
(thousands; unaudited)
|
2026 | 2025 | % Change | ||
| Policies in Force | |||||
| Personal Lines | |||||
| Agency – auto | 10,959 | 9,950 | 10 | ||
| Direct – auto | 16,383 | 14,395 | 14 | ||
| Special lines | 7,041 | 6,568 | 7 | ||
| Property | 3,649 | 3,556 | 3 | ||
| Total Personal Lines | 38,032 | 34,469 | 10 | ||
| Commercial Lines | 1,188 | 1,151 | 3 | ||
| Total | 39,220 | 35,620 | 10 | ||
See Progressive’s complete monthly earnings release, including the "Monthly Commentary," 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:
Douglas S. Constantine
(440) 395-3707
[email protected]
The Progressive Corporation
300 North Commons Blvd.
Mayfield Village, Ohio 44143
http://www.progressive.com
Download PDF: Progressive February 2026 Complete Earnings Release
