Progressive reports April 2026 net income of $1.087B, up 10% YoY

Progressive Corporation reported April 2026 results showing net income of $1.087 billion, a 10% increase from $986 million in April 2025, with net premiums written growing 6% to $7.278 billion. The company added 8% more policies in force across its portfolio, driven by 11% growth in direct auto and 8% growth in agency auto segments, though the combined ratio deteriorated to 90.2 from 84.9.