PROGRESSIVE CORP/OH/ — Form 8-K
Filed July 15, 2026 · analyzed by the 8-K Agent
8-K
▼ Likely negative
significance 28/100
What the filing says
Progressive reported June 2026 monthly net income of $779M (down 31% YoY from $1,124M) and EPS of $1.34 (down 30% YoY from $1.91), driven by a higher combined ratio of 90.0 vs. 86.6 YoY. Year-to-date results show net income of $6,129M (up 7% YoY), EPS of $5.67 (up 5% YoY), and combined ratio of 86.9. Policies in force grew 7% YoY to 40.1M policies; Direct auto grew 10% to 16.7M and Agency auto grew 8% to 11.2M. The company repurchased 846K shares in June at average cost of $201.16; book value per share was $59.05.
Why this rating
Monthly underwriting deterioration is notable but YTD results remain solid. Event is routine earnings disclosure—monthly volatility is expected. Relative to $155.9B market cap, the month-over-month weakness is immaterial.
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