The Progressive Corporation (NYSE: PGR) reported financial results for the month and quarter ended September 30, 2026, according to a press release from the Mayfield Village, Ohio-based insurer.

For September 2026, net premiums written totaled $7.255 billion, up 2% from $7.128 billion in September 2025. Net premiums earned rose 5% to $7.160 billion from $6.827 billion a year earlier. Net income for the month was $630 million, compared with $305 million in September 2025, a 107% increase. Earnings per share available to common shareholders came in at $1.08, up from $0.52 in the same month a year ago. The combined ratio improved to 90.0 from 100.4, a decline of 10.4 percentage points year over year.

For the third quarter of 2026, net premiums written rose 4% to $22.301 billion from $21.384 billion in the prior-year quarter. Net premiums earned increased 5% to $21.869 billion from $20.849 billion. Quarterly net income was $2.542 billion, down 3% from $2.615 billion in the third quarter of 2025. Earnings per share for the quarter were $4.37, compared with $4.45 a year earlier. The quarterly combined ratio improved to 88.7 from 89.5.

Total pretax net realized losses on securities were $231 million for September 2026, compared with gains of $138 million in September 2025. For the quarter, net realized losses were $170 million, versus gains of $295 million in the prior-year period.

Total policies in force reached 40.489 million as of September 30, 2026, up 6% from 38.078 million a year earlier. Personal Lines policies grew 6% to 39.237 million, while Commercial Lines policies increased 5% to 1.252 million.