PROGRESSIVE CORP/OH/ is expected to release its Q3 2026 10-Q filing in the upcoming earnings season. Last quarter: Progressive added 0.5 million policies and grew premiums in Q2 FY2026, but underwriting margin compressed to 12.7% as claim severity and a 16% jump in advertising costs offset investment-driven net income gains.
Drawn from management commentary in the Q2 2026 10-Q:
Underwriting margin of 12.7% fell 1.1 points year-over-year, reflecting a 0.6-point increase in the loss-and-LAE ratio from higher severity and a 0.5-point increase in the expense ratio from a 16% jump in advertising costs to $1.4 billion.
Net premiums written rose 5% to $21.1 billion, with companywide policies in force growing by 2.8 million year-over-year to exceed 40 million, including 0.5 million added in the quarter.
Total personal auto incurred severity increased 4% year-over-year, led by a 7% rise in bodily injury severity due to higher medical costs and more large losses, while frequency declined 2%.
Revenue
$23.61B
+7.29% YoY
EPS (Diluted)
$5.67
+5.00% YoY
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