Short answer
Progressive Corporation (PGR) filed its Q1 2026 10-Q quarterly report on May 4, 2026 for the quarter ended Mar 31, 2026. Quarterly revenue was $22.2B (up 8.7% year over year) with net income of $2.8B.
Q1 2026 key financials · XBRL
- Revenue
- $22.2B
- +8.7% YoY
- Net income
- $2.8B
- +9.8% YoY
- EPS (diluted)
- $4.80
- +9.8% YoY
Source: XBRL data from the Progressive Corporation (PGR) Q1 2026 10-Q on SEC EDGAR. USD.
Progressive Corporation Q1 2026 10-Q analysis
AI summary of MD&A and risk factor updates
Management Discussion & Analysis
- Net premiums written $23.6B, up $1.4B or 6% YoY; net premiums earned up 8%
- Underwriting margin 13.6% vs 14.0% YoY; underwriting profit $2.852B vs $2.717B
- Best segment Personal Lines property: $167M profit, 21.7% margin vs 12.8%; worst Commercial Lines: $284M, 11.0% vs 12.5%
- Operating cash flow $4.4B vs $5.1B YoY, pressured by $1.2B Florida policyholder credits
- Capital deployment: $7.9B dividend paid, $478M share repurchases; tariff risks could raise loss costs and require higher rate increases
Risk Factors
- No material changes to 2025 Form 10-K risk factors
- Regulatory and compliance risks carried forward without quarterly updates
- Operating and competitive risks unchanged from the 2025 Form 10-K
- Financial risks, including liquidity, debt maturities, and currency exposure, unchanged from the 2025 Form 10-K
Generated from the filing text; verify against the original. 10-K vs 10-Q vs 8-K
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