Progressive FY26 Q2 net income rises 4% to $3.31 billion; revenue climbs 7% to $45.8 billion

• Progressive posted Q2 2026 net income of USD 3.31 billion, up 4.29% year over year, as total revenue rose 7.29% to USD 23.61 billion.
• Underwriting profitability eased, with total underwriting operations combined ratio widening 1.1 percentage points to 87.3%.
• Investment income climbed 12.4% to USD 979 million, while total net realized gains on securities increased to USD 604 million.
• Net premiums written rose 5% to USD 21.1 billion, while policies in force increased 7% to 40.09 million.
• CEO Tricia Griffith said the insurer reached the No. 1 spot in private passenger auto by trailing 12-month net premiums written as of Q1 2026.

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