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Progressive Reports $630M September Net Income as Policies Rise 6%

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PGR$201.50 −9.59%

Progressive Corporation (NYSE:PGR) generated $630 million in net income for September 2026 and $2.542 billion for the quarter ended September 30. Net premiums written reached $7.255 billion for the month and $22.301 billion for the quarter, while net premiums earned stood at $7.160 billion for September and $21.869 billion for the quarter.

Underwriting profitability remained robust, with a monthly combined ratio of 90.0% and a quarterly combined ratio of 88.7%. Total policies in force expanded 6% year-over-year to 40.489 million, driven by gains across agency auto, direct auto, and special lines. Personal lines policies rose 6% to 39.237 million, while commercial lines policy count increased 5% to 1.252 million.

Investment performance included pretax net realized securities losses of $231 million for September and $2.847 billion in year-to-date net unrealized pretax losses on fixed-maturity securities. Investors will monitor whether strong policy expansion and favorable underwriting ratios continue to offset investment portfolio market swings in upcoming periods.

Key points

  • Progressive earned $630 million in net income for September and $2.542 billion for the quarter ending September 30, 2026.
  • Net premiums written totaled $7.255 billion in September and $22.301 billion for the full quarter.
  • The company achieved a monthly combined ratio of 90.0% and a quarter-to-date combined ratio of 88.7%.
  • Total policies in force increased 6% year-over-year to 40.489 million at the end of September.
  • Pretax net realized securities losses totaled $231 million for September, with year-to-date unrealized losses of $2.847 billion on fixed-maturity securities.

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Questions and answers

What was Progressive's net income for September 2026?

Progressive reported net income of $630 million for September 2026 and $2.542 billion for the quarter ended September 30, 2026.

What was Progressive's combined ratio for September 2026?

Progressive posted a combined ratio of 90.0% for the month of September and 88.7% for the quarter-to-date period.

How many policies does Progressive have in force?

As of September 30, 2026, Progressive had 40.489 million policies in force, representing a 6% increase compared to the previous year.