Progressive CorpPGR
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Progressive reported a 36% jump in net income and improved combined ratio, driving shares up.
Impact on stocks 1
Financials
Progressive CorpThe Progressive Corporation reported net income of $1.445 billion, or $2.47 per share, for May 2026, a 36% increase from $1.065 billion, or $1.81 per share, a year earlier. Net premiums earned rose 10% to $7.361 billion. The insurer's combined ratio improved to 82.1 from 86.9. PGR shares gained more than 2% in pre-market trading after closing at $204.66 on Tuesday.
Progressive CorpProgressive reported a 36% jump in net income and improved combined ratio, driving shares up.