Progressive (PGR) Reports Higher May Profit, Increased Premiums

Progressive Corp. (PGR) reported a significant increase in net income and earned premiums for May, according to results released on June 17, 2026. The insurer posted a net income of $500 million for the month, up from $300 million in May 2025. Net premiums earned rose to $5.5 billion in May, compared to $4.8 billion in the same period last year. The company's combined ratio also improved, reaching 90.5% for May, down from 92.0% year-over-year, indicating enhanced underwriting profitability.