---
title: "Progressive Corp 2Q 2026: Revenue $23.6B, EPS $5.67— 10-Q Summary"
type: "News"
locale: "en"
url: "https://longbridge.com/en/news/294703001.md"
description: "Progressive Corp reported Q2 2026 revenue of $23.6B and diluted EPS of $5.67, reflecting year-over-year growth. Underwriting margins remained strong at 12.7%, driven by Personal and Commercial lines. Net income rose 4.3% to $3.31B. While net premiums written increased 5% and policies in force exceeded 40M, customer metrics were mixed with a decline in personal auto policy life expectancy due to competitive pressures."
datetime: "2026-08-03T13:41:04.000Z"
locales:
  - [zh-CN](https://longbridge.com/zh-CN/news/294703001.md)
  - [en](https://longbridge.com/en/news/294703001.md)
  - [zh-HK](https://longbridge.com/zh-HK/news/294703001.md)
generator: "portal-rs"
---

# Progressive Corp 2Q 2026: Revenue $23.6B, EPS $5.67— 10-Q Summary

Progressive Corp reported second-quarter 2026 results with revenue of $23.6B and diluted EPS of $5.67, reflecting year‑over‑year growth as underwriting margins remained strong across Personal and Commercial lines.

**Financial Highlights**

-   Revenue was $23.6B, compared with $22B in the prior-year quarter; YoY change 7.3%.
-   Net income was $3311M, compared with $3175M in the prior-year quarter; YoY change 4.3%.
-   Diluted EPS was $5.67, compared with $5.4 in the prior-year quarter; YoY change 5%.

**Business Highlights**

-   Underwriting profitability was strong: companywide underwriting margin of 12.7% in 2Q 2026, well above the 4% target, driven by Personal and Commercial Lines.
-   Net premiums written rose 5% year over year to $21.1B; policies in force exceeded 40M, up about 7% YoY with roughly 0.5M added in the quarter.
-   Channel and mix shifts included a 10% increase in personal direct policies and an 8% rise in agency auto; a shift toward more six‑month commercial policies and more renters in property reduced average premium.
-   Customer metrics were mixed: snapshot adoption remained steady across channels, while trailing 12‑month personal auto policy life expectancy declined about 8% due to competitive pressures.
-   Operational investments increased, notably advertising up 16% sequentially/year‑over‑year and targeted market and underwriting actions (reopening markets, underwriting lifts) to support growth.

Original SEC Filing: PROGRESSIVE CORP/OH/ \[ PGR \] - 10-Q - Aug. 03, 2026

**Disclaimer**

This is an AI-powered summary. It may contain inaccuracies. Consider verifying important information with the source. Please note this summary is solely based on documents filed with the SEC.

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> **Disclaimer: This article is for reference only and does not constitute any investment advice.**