Progressive Corporation (NYSE: PGR) reported net income of $712 million for March 2026, representing a 36% increase from $522 million in the same month of the prior year. Earnings per share reached $1.21 compared to $0.89 in March 2025.

Net premiums written totaled $9.91 billion for the month, up 10% from $9.04 billion in March 2025. Net premiums earned increased 11% to $7.52 billion from $6.79 billion in the prior-year period.

The company's combined ratio improved to 88.8 in March 2026 from 90.9 in March 2025. Progressive experienced pretax net realized losses on securities of $218 million compared to losses of $211 million in March 2025.

For the first quarter of 2026, Progressive recorded net income of $2.82 billion, a 10% increase from $2.57 billion in the first quarter of 2025. Quarterly earnings per share were $4.80 versus $4.37 in the prior year. Net premiums written for the quarter totaled $23.64 billion, up 6% from $22.21 billion in the first quarter of 2025.

The insurer's total policies in force reached 39.6 million as of March 31, 2026, representing a 9% increase from 36.3 million policies a year earlier. Personal lines policies grew 9% to 38.4 million, while commercial lines policies increased 3% to 1.2 million.

Progressive's combined ratio for the quarter was 86.4 compared to 86.0 in the first quarter of 2025. The company had pretax net realized losses on securities of $120 million for the quarter versus losses of $212 million in the prior-year period.