Progressive August results were published in a release dated September 18, 2026. The Progressive Corporation reported the following results for the month ended August 31, 2026, covering net premiums written, net income, the combined ratio and policies in force.
August Premiums, Net Income and Combined Ratio
In Progressive’s monthly earnings release, the company reported that net premiums written were $7,605 million for the month, against $7,199 million in the prior-year column. The release prints the change as 6%. Progressive reported net premiums earned of $7,354 million against $7,036 million, with the change printed as 5%.
Progressive reported net income of $951 million against $1,220 million in the prior-year column. The release prints that change as (22)%. Per share available to common shareholders, the release shows $1.63 against $2.07, with the change printed as (21)%. Average diluted equivalent common shares were 582.1 million against 588.1 million, printed as a change of (1)%.
The companywide combined ratio was 89.3 for the month against 83.1 in the prior-year column, and the release prints the difference as 6.2 pts. In its monthly commentary section, Progressive states that it has no additional commentary regarding August’s results.
Policies in Force Across Personal and Commercial Lines
Progressive’s release also carries a policies in force table, stated in thousands. It shows total policies in force of 40,492 against 37,890 a year earlier, with the change printed as 7%. Total Personal Lines stood at 39,247 against 36,693, and Commercial Lines at 1,245 against 1,197.
| Policies in force (thousands) | Current period-end | Year earlier | Change (%) |
|---|---|---|---|
| Agency auto | 11,343 | 10,575 | 7 |
| Direct auto | 16,879 | 15,524 | 9 |
| Special lines | 7,378 | 6,955 | 6 |
| Property | 3,647 | 3,639 | 0 |
| Total Personal Lines | 39,247 | 36,693 | 7 |
| Commercial Lines | 1,245 | 1,197 | 4 |
| Total | 40,492 | 37,890 | 7 |
Within Personal Lines, the release lists Agency auto, Direct auto, Special lines and Property as separate rows. For readers who follow the US property and casualty market, InsuraBeat has separate coverage of US property and casualty underwriting results and personal lines.
Segment Growth, Loss, Expense and Combined Ratios
The supplemental information in the release breaks the month down by segment. Progressive reported net premiums written growth of 5% for Total Personal Lines, 13% for Commercial Lines and 6% companywide.
For the same month, Progressive reported a loss/LAE ratio of 67.8 for Total Personal Lines, 75.7 for Commercial Lines and 68.8 companywide. The expense ratio was 20.2 for Total Personal Lines, 21.8 for Commercial Lines and 20.5 companywide. The combined ratio was 88.0 for Total Personal Lines, 97.5 for Commercial Lines and 89.3 companywide.
| Segment measure for the month | Total Personal Lines | Commercial Lines | Companywide |
|---|---|---|---|
| Net premiums written growth | 5% | 13% | 6% |
| Loss/LAE ratio | 67.8 | 75.7 | 68.8 |
| Expense ratio | 20.2 | 21.8 | 20.5 |
| Combined ratio | 88.0 | 97.5 | 89.3 |
The release also reports on prior accident years development in a table headed favorable/(unfavorable). Progressive reported total development of $131 million for the month, with the actuarial adjustment line at $44 million.
A footnote to the supplemental information carries a statement on catastrophe losses. Progressive wrote: “During the month, we incurred catastrophe losses related to severe weather throughout the United States.” For readers who follow monthly catastrophe reporting by insurers, InsuraBeat has separate coverage of Allstate’s monthly catastrophe-loss releases.
Year-to-Date Results and Investment Returns
The year-to-date figures in Progressive’s monthly earnings release cover the periods ended August 31. Progressive reported year-to-date net premiums written of $59,764 million against $56,538 million in the prior-year column. Year-to-date net income was $8,041 million against $8,052 million in the prior-year column.
The current year-to-date combined ratio was 86.9 for Total Personal Lines, 88.8 for Commercial Lines and 87.2 companywide.
The investment results table reports a fully taxable equivalent total return for the total portfolio of 0.4% for the month, 1.3% year-to-date and 5.6% for the year-to-date period a year earlier. The pretax annualized investment income book yield was 4.3% for the month, 4.2% year-to-date and 4.2% for the year-to-date period a year earlier.
For readers who follow how insurance pricing is measured for consumers, InsuraBeat has separate coverage of Triple-I’s state-by-state insurance affordability index.
Balance Sheet and Capital Measures
The condensed GAAP balance sheet in the release shows total investments of $99,672 million at fair value and shareholders’ equity of $35,357 million. Under balance sheet and other information, the release lists a debt-to-total capital ratio of 19.2%, book value per common share of $60.92, and a trailing 12-month return on average common shareholders’ equity, based on net income, of 33.4%.
Progressive’s Events section carries the next date in its reporting calendar. The company wrote: “We plan to release September results on Wednesday, October 14, 2026, before the market opens.” For readers who follow auto insurance regulation, InsuraBeat has separate coverage of California’s telematics auto insurance ban.
