Progressive Corporation reports January 2026 results with increases in net premiums written, earned, and net income compared to January 2025.
Quiver AI Summary
The Progressive Corporation reported its financial results for January 2026, showing a 4% increase in net premiums written to $6.735 billion and a 5% rise in net premiums earned to $6.921 billion compared to January 2025. Net income also improved by 4% to $1.163 billion, with earnings per share for common shareholders increasing to $1.98. The company experienced a slight decline in total pretax net realized gains on securities, reporting $103 million. The combined ratio remained relatively stable at 84.4%. Furthermore, Progressive noted a 10% growth in total policies in force in personal lines, totaling 37,686, compared to the previous year.
Potential Positives
- Net premiums written increased by 4% compared to the previous year, indicating growth in business and market demand.
- Net income rose by 4%, demonstrating improved profitability for the company.
- Policies in force for Personal Lines increased by 10%, showing significant growth in customer base.
- Progressive maintains a strong market position as the second largest personal auto insurer in the country, reinforcing its industry leadership.
Potential Negatives
- Despite an increase in net premiums written and earned, the total pretax net realized gains on securities declined by 6%, indicating potential challenges in investment performance.
- The combined ratio rose slightly from 84.1 to 84.4, suggesting a marginal increase in underwriting expenses relative to premiums earned, which could be a concern for profitability moving forward.
- Although policies in force for personal lines increased, growth in commercial lines was modest at only 4%, potentially indicating a stagnation in a critical revenue segment.
FAQ
What were Progressive's net premiums written in January 2026?
Progressive's net premiums written in January 2026 were $6,735 million.
How much did Progressive's net income increase by in January 2026?
Progressive's net income increased by 4% in January 2026, totaling $1,163 million.
What is the significance of the combined ratio reported by Progressive?
The combined ratio reported by Progressive was 84.4, indicating operational efficiency in underwriting.
What growth did Progressive see in personal lines policies?
Progressive saw a 10% increase in total personal lines policies, totaling 37,686 policies in force.
Where can I find more information about Progressive's earnings?
More information about Progressive's earnings can be found in their complete monthly earnings release.
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:
- SUSAN PATRICIA GRIFFITH (President and CEO) sold 30,659 shares for an estimated $7,543,892
- PATRICK K CALLAHAN (Personal Lines President) has made 0 purchases and 2 sales selling 12,652 shares for an estimated $3,112,789.
- STEVEN BROZ (Chief Information Officer) has made 0 purchases and 5 sales selling 6,724 shares for an estimated $1,568,004.
- JOHN P SAUERLAND (VP and Chief Financial Officer) sold 5,000 shares for an estimated $1,142,400
- JOHN JO MURPHY (Claims President) has made 0 purchases and 2 sales selling 4,436 shares for an estimated $1,093,207.
- JONATHAN S. BAUER (Chief Investment Officer) sold 3,105 shares for an estimated $634,506
- ANDREW J QUIGG (Chief Strategy Officer) sold 1,649 shares for an estimated $336,973
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, 7 have been purchases and 6 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 01/16, 11/03 and 0 sales.
- REPRESENTATIVE GILBERT RAY CISNEROS, JR. purchased up to $15,000 on 01/09.
- 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 5 times. They made 3 purchases worth up to $45,000 on 10/24, 10/09 and 2 sales worth up to $30,000 on 09/04.
- 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 811 institutional investors add shares of $PGR stock to their portfolio, and 1,051 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
- 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
- ARROWSTREET CAPITAL, LIMITED PARTNERSHIP added 1,454,111 shares (+193.2%) to their portfolio in Q4 2025, for an estimated $331,130,156
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 $243.5.
Here are some recent targets:
- Matthew Heimermann from Citigroup set a target price of $261.0 on 02/04/2026
- Meyer Shields from Keefe, Bruyette & Woods set a target price of $225.0 on 01/30/2026
- Bob Huang from Morgan Stanley set a target price of $205.0 on 01/29/2026
- Michael Zaremski from BMO Capital set a target price of $232.0 on 01/29/2026
- Elyse Greenspan from Wells Fargo set a target price of $220.0 on 01/29/2026
- Alex Scott from Barclays set a target price of $265.0 on 01/08/2026
- Jimmy Bhullar from JP Morgan set a target price of $275.0 on 01/07/2026
Full Release
MAYFIELD VILLAGE, OHIO, Feb. 18, 2026 (GLOBE NEWSWIRE) -- The Progressive Corporation (NYSE:PGR) today reported the following results for the month ended January 31, 2026:
| January | |||||||||
| (millions, except per share amounts and ratios; unaudited) |
2026
|
2025
|
Change | ||||||
| Net premiums written | $ | 6,735 | $ | 6,481 | 4 | % | |||
| Net premiums earned | $ | 6,921 | $ | 6,586 | 5 | % | |||
| Net income | $ | 1,163 | $ | 1,117 | 4 | % | |||
| Per share available to common shareholders | $ | 1.98 | $ | 1.90 | 4 | % | |||
| Total pretax net realized gains (losses) on securities | $ | 103 | $ | 109 | (6 | ) | % | ||
| Combined ratio | 84.4 | 84.1 | 0.3 | pts. | |||||
| Average diluted equivalent common shares | 587.7 | 587.7 | 0 | % | |||||
| January 31, | |||||
|
(thousands; unaudited)
|
2026 | 2025 | % Change | ||
| Policies in Force | |||||
| Personal Lines | |||||
| Agency – auto | 10,855 | 9,882 | 10 | ||
| Direct – auto | 16,164 | 14,224 | 14 | ||
| Special lines | 7,012 | 6,540 | 7 | ||
| Property | 3,655 | 3,535 | 3 | ||
| Total Personal Lines | 37,686 | 34,181 | 10 | ||
| Commercial Lines | 1,189 | 1,146 | 4 | ||
| Total | 38,875 | 35,327 | 10 | ||
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:
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 January 2026 Complete Earnings Release
