Published
## Filings that contain financial statements - **8-K filed July 15, 2026** (accession 0000080661-26-000262): comprehensive income statements for the month and second quarter ended June 30, 2026, plus year-to-date (six-month) comprehensive income statements for the periods ended June 30, 2026 and 2025, and per-share computations. - **8-K filed April 15, 2026** (accession 0000080661-26-000173): comprehensive income statements for the month and first quarter ended March 31, 2026, plus year-to-date comparative figures for 2026 and 2025. - **8-K filed January 28, 2026** (accession 0000080661-26-000071, Exhibit 99.1): comprehensive income statements for the month of December 2025, the fourth quarter, and the full year ended December 31, 2025, with 2024 comparatives. - **8-K filed October 15, 2025** (accession 0000080661-25-000126): comprehensive income statements for the month and third quarter ended September 30, 2025, plus nine-month year-to-date comparative figures. - Each of the monthly Regulation FD news releases furnished under Item 7.01 (filed February 18, March 18, May 20, June 17, August 19 and September 18, 2026, and November 19 and December 17, 2025) also contains a one-month comprehensive income statement and year-to-date comparative figures, but only the quarterly releases above contain quarter-end and full-year comparative statements. ## Earnings and operating results Progressive furnishes a monthly news release under cover of Form 8-K reporting net premiums written and earned, net income, combined ratio and policies in force for the month, with fuller income statements at each quarter-end. - **Second quarter / June 2026** (8-K filed July 15, 2026, accession 0000080661-26-000262): net income for the quarter was $3,311 million, up 4% from $3,175 million a year earlier, on net premiums earned of $21,573 million (up 6%). The combined ratio for the quarter was 87.3, versus 86.2 a year earlier. June net income alone was $779 million, down 31% from $1,124 million in June 2025, as the June combined ratio rose to 90.0 from 86.6. - **First quarter / March 2026** (8-K filed April 15, 2026, accession 0000080661-26-000173): net income for the quarter was $2,818 million, up 10% from $2,567 million, on net premiums earned of $20,968 million (up 8%); the quarterly combined ratio was 86.4 versus 86.0 a year earlier. - **Fourth quarter and full-year 2025** (8-K filed January 28, 2026, accession 0000080661-26-000071): full-year 2025 net income was $11,308 million on net premiums earned of $81,661 million, versus $8,480 million and $70,799 million in 2024; the full-year combined ratio was 87.4 versus 88.8 in 2024. Fourth-quarter net income was $2,951 million, up 25% from $2,356 million, on a fourth-quarter combined ratio of 88.0 versus 87.9. - **Third quarter / September 2025** (8-K filed October 15, 2025, accession 0000080661-25-000126): third-quarter net income was $2,615 million, up 12% from $2,334 million, though the combined ratio for the quarter rose to 89.5 from 89.0. September's monthly combined ratio spiked to 100.4 (from 93.4 a year earlier) alongside a $950 million policyholder credit expense recorded that month. - Monthly results releases for October and November 2025 and January, February, April, May, July and August 2026 (accessions 0000080661-25-000134, 0000080661-25-000142, 0000080661-26-000075, 0000080661-26-000096, 0000080661-26-000204, 0000080661-26-000210, 0000080661-26-000315 and 0000080661-26-000322) show month-over-prior-year-month net premiums written growth of 6%, 11%, 4%, 5%, 6%, 6%, 5% and 6%, respectively, with combined ratios of 89.7, 87.1, 84.4, 85.7, 90.2, 82.1, 86.8 and 89.3. ## Capital actions - **Senior notes offering, closed March 26, 2026** (8-K filed March 26, 2026, accession 0001193125-26-125238): Progressive entered into an underwriting agreement on March 23, 2026 with Goldman Sachs & Co. LLC and TD Securities (USA) LLC for a public offering of $500 million of 4.60% Senior Notes due 2031 and $1 billion of 5.15% Senior Notes due 2036. The offering closed March 26, 2026 under a Fifth Supplemental Indenture, with estimated net proceeds of $1,487 million after underwriting discounts and expenses. - **Share repurchase authorization and dividend, May 8, 2026** (8-K filed May 12, 2026, accession 0000080661-26-000200): the board renewed authorization to repurchase up to 25 million common shares and declared a quarterly common share dividend of $0.10 per share, payable July 10, 2026 to shareholders of record July 2, 2026. - **Dividend declaration, August 7, 2026** (8-K filed August 10, 2026, accession 0000080661-26-000310): the board declared a quarterly common share dividend of $0.10 per share, payable October 9, 2026 to shareholders of record October 1, 2026. - **Catastrophe reinsurance program report, August 10, 2026** (8-K filed August 10, 2026, accession 0000080661-26-000310, Exhibit 99): Progressive furnished an overview of its 2026-2027 property catastrophe reinsurance program, including per-occurrence and aggregate excess-of-loss layers, catastrophe bonds (Bonanza Re Ltd. transactions), and modeled probable maximum loss estimates as of March 31, 2026 (for example, a 1-in-100-year modeled loss of approximately $1,325 million). ## Management and board changes - **CFO succession**: on January 28, 2026, Progressive announced that CFO John P. Sauerland would retire effective July 3, 2026, with Chief Strategy Officer Andrew J. Quigg expected to succeed him (8-K accession 0000080661-26-000071). On May 8, 2026, the board formally elected Quigg as Vice President and CFO effective July 4, 2026 (8-K filed May 12, 2026, accession 0000080661-26-000200). On June 11, 2026, the Compensation and Talent Committee approved Quigg's compensation package as CFO, including a $700,000 annual salary, a 150%-of-salary Gainshare target, and equity awards of a $100,000 time-based RSU grant and a $1,200,000 performance-based RSU grant (8-K filed June 17, 2026, accession 0000080661-26-000210). - **Personal Lines leadership transition**: on June 17, 2026, Progressive announced that Personal Lines President Patrick K. Callahan intends to retire from that role in January 2027 after nearly 24 years with the company, continuing afterward in an advisory capacity. Effective July 4, 2026, Lori Niederst (previously CRM President) was promoted to the newly created role of Chief Personal Lines Officer, overseeing both Personal Lines and CRM, and Heather Day succeeded her as CRM President (8-K filed June 17, 2026, accession 0000080661-26-000210, Exhibit 99.2). ## Annual meeting (May 8, 2026) At the Annual Meeting of Shareholders held May 8, 2026 (8-K filed May 12, 2026, accession 0000080661-26-000200), with 518,130,136 common shares represented: shareholders elected all eleven director nominees, approved (on an advisory basis) the company's executive compensation program, and ratified PricewaterhouseCoopers LLP as independent registered public accounting firm for 2026. ## What is not reflected No 8-K in this period discloses a merger, acquisition or divestiture, a going-concern or covenant issue, an impairment, or a restructuring. Progressive's disclosed events in this window are limited to routine monthly and quarterly results reporting, a debt offering, capital-return actions (dividends and a share-repurchase authorization renewal), a reinsurance program update, and management/board transitions described above.