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Progressive Q2 net income rises 4% as premiums grow

Progressive posted a 87.3 combined ratio in Q2, down slightly from 86.2 a year earlier, while net premiums written rose 5% to about $21.1 billion.

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Progressive Corp. reported that second-quarter 2026 net income rose 4% year over year to about $3.3 billion, according to Insurance Journal. The insurer also said net income for June was about $779 million, down 31% from the prior year period.

Progressive’s Q2 2026 combined ratio was 87.3 compared with 86.2 in the same quarter a year earlier. Net premiums written in the quarter increased 5% to about $21.1 billion.

The company reported year-to-date net premiums written of $44.7 billion, up from $42.3 billion last year. For personal lines, net premiums written rose 6% to about $38.2 billion as of June 30, with a combined ratio of 86.8.

Progressive said its commercial lines business grew year-to-date net premiums written 3% to about $6.5 billion.

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