Progressive July net income falls 12% to $961 million

• Progressive posted July 2026 net income of $961 million, down 12% from $1.09 billion a year earlier.
• Net premiums written rose 5% to $7.44 billion; net premiums earned increased 5% to $7.36 billion.
• Combined ratio worsened to 86.8 from 85.3.
• Pretax net realized losses on securities totaled $47 million, versus $79 million in gains.
• Policies in force climbed 7% to 40.3 million, with personal lines up 7% to 39.1 million.

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