Progressive Reports July 2026 Results
MAYFIELD VILLAGE, OHIO, Aug. 19, 2026 (GLOBE NEWSWIRE) -- The Progressive Corporation (NYSE:PGR) today reported the following results for the month ended July 31, 2026:

The Progressive Corporation, an insurance holding company, offers a comprehensive range of insurance products and associated services across the United States. Its ...
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Julianna Paterra: Good morning, and thank you for joining us today for Progressive's Second Quarter Investor Event. I am Julianna Paterra, Director of Investor Relations, and I will be moderator for today's event. The company will not make detailed comments related to its results in addition to those provided in its annual report on Form 10-K, quarterly reports on Form 10-Q and the letter to shareholders, which have been posted to the company's website. This quarter includes a presentation on a specific portion of our business, followed by a question-and-answer session with members of our leadership team. The introductory comments and the presentation were previously recorded. Upon completion of the previously recorded remarks, we will use the balance of the 90 minutes scheduled for this event for live questions and answers with leaders featured in our recorded remarks as well as other members of our management team. As always, discussions in this event may include forward-looking statements. These statements are based on management's current expectations and are subject to many risks and uncertainties that could cause actual events and results to differ materially from those discussed during today's event. Additional information concerning those risks and uncertainties is available in our annual report on Form 10-K for the year ended December 31, 2025, and supplemented by our Form 10-Q for the second quarter of 2026, where you will find discussions of the risk factors affecting our businesses, safe harbor statements related to forward-looking statements and other discussions of the challenges we face. These documents can be found via the Investor Relations section of our website at investors.progressive.com. To begin today, I am pleased to introduce our CEO, Tricia Griffith, who will kick us off with some introductory comments. Tricia? Susan Griffith: Thanks, everyone, for joining us today. At Progressive, one of the areas we really pride ourselves on is creating internal career paths and developing talent. Our ability to move people around the company to expand their experience and deepen their skill set is what helps us build an extremely strong bench. That approach leads to very robust and extensive succession plans that are created years in advance of need. As we previously announced, Pat Callahan will be retiring in January. So before we begin, I'd like to thank him for his extraordinary leadership and service to Progressive over nearly 24 years. He has certainly made a lasting impact on our business and our people. As we manage this transition, I've asked Lori Niederst to step into the newly created role of Chief Personal Lines Officer, overseeing both Personal Lines and CRM. Lori's appointment reflects our deep bench, and she brings a wealth of experience having been CRM President, Chief Human Resources Officer and in claims HR. I'm very excited to introduce Lori as she leads Personal Lines into the next chapter. Lori Niederst: Thanks, …
Est. EPS $3.99 · Revenue $22.28B · 14 analysts
| Metric | Latest | YoYYoY means Year-over-Year. It compares the latest annual value with the previous annual value to show long-term trend strength. | QoQQoQ means Quarter-over-Quarter. It compares the latest quarter with the immediately previous quarter to show short-term momentum changes. |
|---|---|---|---|
| The total money that came through the front door from selling things, before paying a single bill. Think of it as the grand total of every credit card swipe from customers. (YoY compares this year to last year's performance, while QoQ compares the current three months to the previous three). |
| Name | Title | Compensation | Gender | Year Born | Status |
|---|---|---|---|---|---|
Susan Patricia Griffith | President, Chief Executive Officer & Director | USD 6,705,646 | Female | 1964 | Active |
Andrew John Quigg | Vice President & Chief Financial Officer |
| USD 3,082,733 |
| Male |
| 1979 |
| Active |
John Peter Sauerland | Vice President & Chief Financial Officer | USD 3,082,733 | Male | 1964 | Active |
Patrick K. Callahan | President of Personal Lines | USD 2,792,304 | Male | 1970 | Active |
Karen Barone Bailo | President of Commercial Lines | USD 2,352,729 | Female | 1968 | Active |
John Joseph Murphy | President of Claims | USD 1,887,075 | Male | 1969 | Active |
Carl G. Joyce | Vice President & Chief Accounting Officer | — | Male | 1982 | Active |
David Stringer | Vice President, Secretary & Chief Legal Officer | — | Male | 1975 | Active |
Jonathan S. Bauer | Chief Investment Officer | — | Male | 1978 | Active |
Steven Anthony Broz | Chief Information Officer | — | Male | 1970 | Active |
Douglas S. Constantine | Director of Investor Relations | — | Male | — | Active |
$0.40 per share
$0.40 per share
Est. EPS $4.12 · Revenue $20.29B · 14 analysts
EPS $4.37 · Revenue $20.40B
| $87.6B |
| +16.3% |
| +6.5% |
| Net IncomeThe absolute bottom line. If the company paid every single supplier, employee, banker, and tax collector, this is the actual money left in their pocket at the end of the day. | $11.3B | +33.3% | +17.5% |
| Gross MarginThe basic markup. If they sell a $100 pair of sneakers, this percentage tells you how much of that price tag is profit right after paying for the rubber and shoelaces, but before paying for things like store rent or TV commercials. | +29.5% | +6.3% | -33.2% |
| Operating MarginThe 'day job' efficiency score. Out of every dollar a customer spends, this shows how many cents the company keeps after making the product AND paying for all the everyday corporate overhead (like salaries, marketing, and keeping the lights on). | +16.2% | +14.1% | +10.8% |
| Net MarginThe final take-home percentage. When you strip away every conceivable cost, tax, and interest payment, this is the exact number of cents the company truly gets to keep from every dollar in sales. | +12.9% | +14.6% | +10.3% |
| Free Cash FlowThe holy grail of corporate cash. It's the spendable, physical money left over after the business pays for its daily operations AND buys the big, expensive upgrades (like new factories or servers) it needs to survive. This is the 'free' money they can use to pay dividends or buy back stock. | $17.2B | +15.9% | -19.4% |
| FCF MarginThe ultimate cash conversion rate. It shows how good the company is at turning regular sales directly into cold, hard, spendable cash. A high percentage means the business is an absolute cash-printing machine. | +19.6% | -0.3% | -24.3% |
| Debt / EquityThe financial risk gauge. It compares how much of the company's empire was built using borrowed money (loans) versus the owners' own money (shareholders). A high number means they are heavily leveraged and playing a riskier game; a low number means they are playing it safe. | 22.7% | -15.6% | -6.7% |
| Current RatioThe 12-month survival check. It simply compares the cash they have right now (plus things they can quickly turn into cash) against the immediate bills they absolutely must pay this year. A score above 1 means they have enough in the wallet to cover the upcoming bills without panicking. | 0.59x | +58.1% | -3.5% |
| Total AssetsThe absolute size of the company's empire. It bundles together absolutely everything of value they own—from the cash in the register and the inventory in the warehouse, to the software patents in the vault and the factories on the ground. | $123.0B | +16.4% | +2.2% |
| Metric | Annual (A vs E) | Annual Surprise | Quarter (A vs E) | Quarter Surprise |
|---|---|---|---|---|
| EPS Surprise | 19.23 vs 17.99 | +6.9% | 5.67 vs 3.99 | +42.1% |
| Revenue Surprise | $87.6B vs $83.9B | +4.4% | $23.6B vs $22.3B | +6.0% |
| Date | Executive | Title | Security | Side | Shares | Price |
|---|---|---|---|---|---|---|
| Sep 1, 2026 | Griffith Susan Patricia | director, officer: President and CEO | Common | D | 37,338 | $219.50 |
| Sep 1, 2026 | Griffith Susan Patricia | director, officer: President and CEO | Common | D | 1,598 | — |
| Aug 20, 2026 | Broz Steven | officer: Chief Information Officer | Common | D | 1,225 | $219.40 |
| Aug 13, 2026 | Niederst Lori A | officer: Chief Personal Lines Officer | Common | D | 7,339 | $209.29 |
| Jul 28, 2026 | Quigg Andrew J | officer: VP and Chief Financial Officer | Common | D | 3,499 | $220.00 |