Progressive Corporation reports increased net premiums and net income for March 2026, with a combined ratio improvement.
Quiver AI Summary
The Progressive Corporation announced its financial results for March and the first quarter of 2026, showing a 10% increase in net premiums written compared to 2025, reaching $9.9 billion for March and $23.6 billion for the quarter. Net premiums earned also rose by 11% for March, totaling $7.5 billion, with a quarterly increase of 8%. The company reported a significant 36% rise in net income to $712 million for March and a 10% increase to $2.8 billion for the quarter. Earnings per share for common shareholders increased by 37% for March to $1.21 and 10% for the quarter to $4.80. The combined ratio improved slightly to 88.8 for March and 86.4 for the quarter. Overall, Progressive continues to grow its insurance policies in force, particularly in personal lines, reflecting a strong market presence.
Potential Positives
- Net income increased by 36% year-over-year for the month of March, reflecting strong financial performance.
- Net premiums written rose by 10% compared to March 2025, indicating growth in business and market presence.
- The combined ratio improved, decreasing 2.1 points in March, which suggests better underwriting profitability.
- Per share earnings available to common shareholders increased by 37%, demonstrating enhanced shareholder value.
Potential Negatives
- The total pretax net realized losses on securities increased significantly in the quarter, raising concerns about the company's investment performance.
- Despite an overall increase in net income, the growth rate was lower compared to previous quarters, potentially indicating a slowing growth trend.
- The combined ratio improved slightly for March but remained relatively high, signaling ongoing cost and claims management challenges in maintaining profitability.
FAQ
What are Progressive Corporation's net income figures for Q1 2026?
Progressive reported a net income of $712 million for March 2026, a 36% increase from the previous year.
How much did Progressive's net premiums written change in Q1 2026?
In Q1 2026, Progressive's net premiums written increased by 10% to $9.911 billion compared to Q1 2025.
What is Progressive's combined ratio for March 2026?
Progressive's combined ratio for March 2026 is 88.8, which reflects a 2.1 point improvement from the previous year.
How many policies were in force for Progressive in March 2026?
As of March 31, 2026, Progressive had a total of 39,565 policies in force, representing a 9% increase year-over-year.
Where is Progressive Corporation headquartered?
The Progressive Corporation is headquartered in Mayfield Village, Ohio.
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.
- STEVEN BROZ (Chief Information Officer) has made 0 purchases and 3 sales selling 4,034 shares for an estimated $905,081.
- KAREN BAILO (Commercial Lines President) sold 3,517 shares for an estimated $745,604
- 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) 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.
$PGR Congressional Stock Trading
Members of Congress have traded $PGR stock 10 times in the past 6 months. Of those trades, 6 have been purchases and 4 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 purchased up to $15,000 on 10/24.
To track congressional stock trading, check out Quiver Quantitative's congressional trading dashboard.
$PGR Hedge Fund Activity
We have seen 805 institutional investors add shares of $PGR stock to their portfolio, and 888 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 2 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
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 13 analysts offer price targets for $PGR in the last 6 months, with a median target of $223.0.
Here are some recent targets:
- Joshua Shanker from B of A Securities set a target price of $298.0 on 04/14/2026
- Elyse Greenspan from Wells Fargo set a target price of $215.0 on 04/09/2026
- 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
- Yaron Kinar from Mizuho set a target price of $223.0 on 03/20/2026
Full Release
MAYFIELD VILLAGE, OHIO, April 15, 2026 (GLOBE NEWSWIRE) -- The Progressive Corporation (NYSE:PGR) today reported the following results for the month and quarter ended March 31, 2026:
| March | Quarter | |||||||||||||||||||||
| (millions, except per share amounts and ratios; unaudited) | 2026 | 2025 | Change | 2026 | 2025 | Change | ||||||||||||||||
| Net premiums written | $ | 9,911 | $ | 9,041 | 10 | % | $ | 23,641 | $ | 22,206 | 6 | % | ||||||||||
| Net premiums earned | $ | 7,519 | $ | 6,787 | 11 | % | $ | 20,968 | $ | 19,409 | 8 | % | ||||||||||
| Net income | $ | 712 | $ | 522 | 36 | % | $ | 2,818 | $ | 2,567 | 10 | % | ||||||||||
| Per share available to common shareholders | $ | 1.21 | $ | 0.89 | 37 | % | $ | 4.80 | $ | 4.37 | 10 | % | ||||||||||
| Total pretax net realized gains (losses) on securities | $ | (218 | ) | $ | (211 | ) | 3 | % | $ | (120 | ) | $ | (212 | ) | (43 | ) | % | |||||
| Combined ratio | 88.8 | 90.9 | (2.1 | ) | pts. | 86.4 | 86.0 | 0.4 | pts. | |||||||||||||
| Average diluted equivalent common shares | 586.2 | 587.7 | 0 | % | 586.9 | 587.7 | 0 | % | ||||||||||||||
| March 31, | |||||
|
(thousands; unaudited)
|
2026 | 2025 | % Change | ||
| Policies in Force | |||||
| Personal Lines | |||||
| Agency – auto | 11,056 | 10,146 | 9 | ||
| Direct – auto | 16,572 | 14,771 | 12 | ||
| Special lines | 7,101 | 6,637 | 7 | ||
| Property | 3,640 | 3,576 | 2 | ||
| Total Personal Lines | 38,369 | 35,130 | 9 | ||
| Commercial Lines | 1,196 | 1,162 | 3 | ||
| Total | 39,565 | 36,292 | 9 | ||
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 March 2026 Complete Earnings Release
