Progressive Corporation reports increased net premiums written, net income, and a lower combined ratio for May 2026 compared to May 2025.
Quiver AI Summary
The Progressive Corporation released its financial results for May 2026, showing notable growth compared to May 2025. Net premiums written increased by 6% to $7.027 billion, while net premiums earned rose 10% to $7.361 billion. The company's net income surged by 36% to $1.445 billion, translating to $2.47 per share for common shareholders. Additionally, Progressive reported a combined ratio of 82.1, an improvement of 4.8 points. The total number of policies in force increased by 8% to 39,970, driven by growth in personal and commercial lines. This press release highlights Progressive's continued success in the insurance industry, emphasizing its commitment to customer convenience through various service options.
Potential Positives
- Net premiums written increased by 6% compared to the previous year, indicating growth in revenue generation.
- Net income rose by 36% year-over-year, showcasing strong profitability and financial health.
- The combined ratio improved significantly, decreasing by 4.8 points, which suggests enhanced operational efficiency and lower underwriting costs.
- Policies in force for personal lines grew by 8%, reflecting an increase in customer trust and market share.
Potential Negatives
- While net income showed a significant increase of 36% year-over-year, this growth may not be sustainable if premium growth slows down or if losses increase in the future, which could indicate underlying volatility in the company’s financial health.
- The combined ratio decreased but still indicates that the company is operating with a profit margin that may be at risk if claims increase or underwriting losses arise, which could reflect potential future challenges in maintaining profitability.
- The modest increase of only 3% in commercial lines could signal stagnation in that segment, which may be a concern for future revenue growth and market competitiveness.
FAQ
What were Progressive's net premiums written for May 2026?
Progressive reported net premiums written of $7,027 million for May 2026, marking a 6% increase from the previous year.
How much did Progressive's net income increase in May 2026?
Net income for Progressive in May 2026 was $1,445 million, which represents a 36% increase compared to May 2025.
What is Progressive's combined ratio for May 2026?
The combined ratio for Progressive in May 2026 is 82.1, a decrease of 4.8 percentage points from the previous year.
How many policies were in force for Progressive in May 2026?
As of May 31, 2026, Progressive had 39,970 policies in force, an increase of 8% from the previous year.
Where can I find more information about Progressive's monthly earnings?
Additional information about Progressive's monthly earnings can be found in their complete monthly earnings release available on their website.
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 JO MURPHY (Claims President) sold 5,916 shares for an estimated $1,183,200
- 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 2,501 shares for an estimated $533,531.
- 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 832 institutional investors add shares of $PGR stock to their portfolio, and 1,037 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 $222.5.
Here are some recent targets:
- Joshua Shanker from B of A Securities set a target price of $331.0 on 06/02/2026
- Elyse Greenspan from Wells Fargo set a target price of $222.0 on 05/21/2026
- Michael Zaremski from BMO Capital set a target price of $221.0 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, June 17, 2026 (GLOBE NEWSWIRE) -- The Progressive Corporation (NYSE:PGR) today reported the following results for the month ended May 31, 2026:
| May | ||||||||||
| (millions, except per share amounts and ratios; unaudited) |
2026
|
2025
|
Change | |||||||
| Net premiums written | $ | 7,027 | $ | 6,634 | 6 | % | ||||
| Net premiums earned | $ | 7,361 | $ | 6,715 | 10 | % | ||||
| Net income | $ | 1,445 | $ | 1,065 | 36 | % | ||||
| Per share available to common shareholders | $ | 2.47 | $ | 1.81 | 36 | % | ||||
| Total pretax net realized gains (losses) on securities | $ | 215 | $ | 211 | 2 | % | ||||
| Combined ratio | 82.1 | 86.9 | (4.8 | ) | pts. | |||||
| Average diluted equivalent common shares | 584.2 | 587.7 | (1 | ) | % | |||||
| May 31, | ||||||
|
(thousands; unaudited)
|
2026 | 2025 | % Change | |||
| Policies in Force | ||||||
| Personal Lines | ||||||
| Agency – auto | 11,172 | 10,341 | 8 | |||
| Direct – auto | 16,715 | 15,089 | 11 | |||
| Special lines | 7,234 | 6,787 | 7 | |||
| Property | 3,632 | 3,601 | 1 | |||
| Total Personal Lines | 38,753 | 35,818 | 8 | |||
| Commercial Lines | 1,217 | 1,184 | 3 | |||
| Total | 39,970 | 37,002 | 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 a leading seller of personal auto, commercial auto, motorcycle , and boat insurance, and one of the top 15 homeowners insurance carriers in the United States.
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 May 2026 Complete Earnings Release
