Progressive Reports January 2026 Results

Financial Performance - Progressive Corporation reported net premiums written of $6,735 million for January 2026, a 4% increase from $6,481 million in January 2025 [1] - Net premiums earned rose to $6,921 million, reflecting a 5% increase compared to $6,586 million in the previous year [1] - The company achieved a net income of $1,163 million, up 4% from $1,117 million year-over-year [1] - Earnings per share available to common shareholders increased to $1.98, a 4% rise from $1.90 in January 2025 [1] - Total pretax net realized gains on securities decreased to $103 million, down 6% from $109 million [1] - The combined ratio was reported at 84.4, slightly higher than 84.1 in the previous year [1] Policy Growth - The total number of policies in force reached 38,875 thousand, a 10% increase from 35,327 thousand in January 2025 [1] - Personal lines policies increased to 37,686 thousand, up 10% from 34,181 thousand [1] - Agency auto policies grew by 10% to 10,855 thousand, while direct auto policies saw a 14% increase to 16,164 thousand [1] - Special lines policies rose by 7% to 7,012 thousand, and property policies increased by 3% to 3,655 thousand [1] - Commercial lines policies also saw a 4% increase, reaching 1,189 thousand [1]