Key Highlights

  • Progressive's $0.10 quarterly dividend goes ex-dividend October 1, 2026 and is payable October 9 to shareholders of record.
  • Second-quarter net premiums written were $21,077 million versus $20,076 million, and net premiums earned were $21,573 million.
  • Second-quarter net income was $3,311 million, or $5.67 per share, with a combined ratio of 87.3% versus 86.2%.
  • June net income was $779 million with a combined ratio of 90.0%, and the quarter included $604 million of pretax realized gains.

Overview

The Progressive Corporation's (NYSE:PGR) $0.10 quarterly dividend yields 0.19% and matches the $0.10 declared in May. The board declared it on August 7, 2026, and it is payable October 9 to shareholders of record October 1. Second-quarter income per share available to common shareholders was $5.67, and the combined ratio was 87.3%.

Dividend Program and Shareholder Returns

Progressive's board declared a quarterly common dividend of $0.10 per share on August 7, 2026, payable October 9 to shareholders of record on October 1. The May declaration was also $0.10 per share.

On August 10, 2026, the company released a report on its Catastrophe Reinsurance Program, furnished with its Form 8-K. The latest filings identify no special common dividend for the quarter.

About the Company

Progressive is a major U.S. property and casualty insurer. It writes personal auto, commercial auto, homeowners and other products through direct, agency and other distribution channels, and earns investment income on its portfolio. Results depend on premium growth, retention, pricing, loss frequency and severity, catastrophe activity, expenses and investment returns.

Financial Performance Behind the Payout

Progressive reported second-quarter net premiums written of $21,077 million, up 5% from $20,076 million, and net premiums earned of $21,573 million, up 6%. Net income was $3,311 million, up 4%, and income per share available to common shareholders was $5.67. The combined ratio was 87.3% compared with 86.2% a year earlier.

Pretax net realized gains on securities were $604 million for the quarter, compared with $387 million. Policies in force were 40.086 million.

For the month of June alone, net income was $779 million and the combined ratio was 90.0%.

Quarterly and Monthly Results Reported Separately

Progressive publishes monthly results alongside its quarterly results, and the two cover different periods. The $779 million of net income and 90.0% combined ratio refer to June only, while the $3,311 million of net income and 87.3% combined ratio refer to the full second quarter.

Insurance economics are reported through premiums, the combined ratio and investment results. Net realized gains on securities, which were $604 million in the quarter, are reported separately from underwriting results.

The company's catastrophe reinsurance report describes its reinsurance practices and protection against severe weather losses.

Outlook

Progressive reports monthly and quarterly results, including net premiums written, the combined ratio and realized gains on securities. The combined ratio was 90.0% for June and 87.3% for the second quarter, and the company's catastrophe reinsurance report describes its protection against severe weather losses.