The Progressive Corporation (NYSE: PGR) reported net income of $1.087 billion for April 2026, representing a 10% increase from $986 million in the same month last year, according to a company statement.

Net premiums written rose 6% to $7.278 billion compared to $6.837 billion in April 2025. Net premiums earned increased 7% to $7.112 billion from $6.641 billion in the prior year period.

Earnings per share available to common shareholders reached $1.86, up 11% from $1.68 in April 2025. The company's combined ratio was 90.2 compared to 84.9 in the same month last year, representing an increase of 5.3 percentage points.

Progressive reported pretax net realized gains on securities of $402 million in April 2026, compared to losses of $3 million in April 2025. Average diluted equivalent common shares remained relatively flat at 585.3 million compared to 587.7 million in the prior year.

The company's total policies in force increased 8% to 39.767 million as of April 30, 2026, from 36.653 million a year earlier. Personal lines policies grew 9% to 38.560 million, while commercial lines policies rose 3% to 1.207 million.

Within personal lines, direct auto policies increased 11% to 16.645 million, agency auto policies grew 8% to 11.108 million, and special lines policies rose 7% to 7.168 million. Property policies showed modest growth of 1% to 3.639 million.