8-K ·Filed Apr 15, 2026
8-K Item 2.02: Earnings release
Actionable Insight ▲ Bullish
Monitor for sustained improvement in the combined ratio and investment returns; assess if the capital raise was opportunistic (strong results) or defensive given the earnings beat.
Final — all horizons settled through T+60d ⚠ clustered
PGR ▲ +14.05% at T+60d
LONG call ✓ call won +14.05% · α vs SPY +6.65% · entry $201.25 → $229.52
T+1d
+0.86%
call +0.86% · α +0.61%
$202.98
settled 6mo ago
T+5d
+0.65%
call +0.65% · α -0.99%
$202.55
settled 5mo ago
T+20d
-1.40%
call -1.40% · α -7.45%
$198.42
settled 5mo ago
T+60d
+14.05%
call +14.05% · α +6.65%
$229.52
settled 3mo ago
Price Chart
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Executive Summary
Progressive Corp reported Q1 2026 earnings of $4.96 per share, beating consensus of $3.76 by 32%, driven by strong underwriting performance and investment income. The beat is amplified by a recent $1.5B capital raise, suggesting opportunistic timing.
Key Financial Metrics
EPS
$4.96
est $3.76 · +31.9%
Revenue
$21.0B
est $21.2B · -1.0% · +8.0% YoY
Rating
strong beat
Key Facts
- EPS: $4.96 (beat consensus of $3.76 by 32%)
- Revenue: $20.97B (beat consensus of $21.19B by 1.0%)
- Net income: $2.82B, up 10% YoY
- Combined ratio: 86.4%, improved from 86.0% in prior year
- Recent $1.5B capital raise filed 27 days prior to earnings
Financial Impact
$4.96 EPS vs $3.76 consensus, 32% beat
epsrevenuenet_income
Risk Factors
- Catastrophe losses increased to 1.3% of net premiums earned
- Investment portfolio unrealized losses increased to $578M
Market Snapshot
Exchange
NYSE
Sector
Fire, Marine & Casualty Insurance
Investment Themes
Traditional Finance
Documents Analyzed
This report is based on 6 SEC documents filed with EDGAR.
| Document | Accession Number |
|---|---|
| 8-K Filing (Primary) | 0000080661-26-000173 |
| Document: pgr-20260415.htm | 0000080661-26-000173 |
| Document: 0000080661-26-000173-index-headers.html | 0000080661-26-000173 |
| Document: 0000080661-26-000173-index.html | 0000080661-26-000173 |
| Document: 0000080661-26-000173.txt | 0000080661-26-000173 |
| 8-K Data (Synthetic) | 0000080661-26-000173 |
25 reports for PGR
88% Hit rate best @ T+60▲ +8.42%
Filters
Rows
| Type | Now | ||||
|---|---|---|---|---|---|
Aug 24, 2026 5w ago | Insider Cluster | $223.92 $206.94 | ▼ −7.58% | ▼ −8.90% | $210.96 (−5.79%) |
Aug 19, 2026 6w ago | Press Release | $217.27 $216.29 | ▼ −0.45% | ▲ +1.50% | $210.96 (−2.90%) |
Jul 29, 2026 9w ago | Insider Cluster | $219.99 $222.51 | ▲ +1.15% | ▼ −3.87% | $210.96 (−4.10%) |
Jul 28, 2026 9w ago | Insider Cluster | $219.52 $222.09 | ▲ +1.17% | ▼ −2.21% | $210.96 (−3.90%) |
Jul 28, 2026 9w ago | Insider Cluster | $219.52 $222.09 | ▼ −1.17% | ▲ +2.21% | $210.96 (+3.90%) |
Jul 15, 2026 11w ago | 8-K | $205.22 $207.35 | ▲ +1.04% | ▼ −1.31% | $210.96 (+2.80%) |
Jul 15, 2026 11w ago | Press Release | $205.22 $207.35 | ▼ −1.04% | ▲ +1.31% | $210.96 (−2.80%) |
Jul 2, 2026 13w ago | Court Ruling | $232.22 $213.28 | ▼ −8.16% | ▼ −7.74% | $210.96 (−9.16%) |
Jul 2, 2026 13w ago | Court Ruling | $232.22 $213.28 | ▼ −8.16% | ▼ −7.74% | $210.96 (−9.16%) |
Jun 25, 2026 14w ago | Insider Cluster | $215.54 $207.07 | ▼ −3.93% | ▼ −4.46% | $210.96 (−2.12%) |
Showing 10 of 25
US Market Status
Market Closed — Opens in 1m
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