The company reported net income of $1,163 million for January 2026, a 4% change from $1,117 million a year earlier, and net premiums written of $6,735 million, a 4% change. Diluted earnings per share were $1.98.

1. 01

   The company reported net income of $1,163 million for January 2026, a 4% change from $1,117 million a year earlier, and net premiums written of $6,735 million, a 4% change. Diluted earnings per share were $1.98.

2. 02

   Progressive said its combined ratio was 84.4 for January 2026, compared with 84.1 a year earlier, an increase of 0.3 pts. The company also said its Loss/LAE ratio was 63.4 and its expense ratio was 21.0 for the same month.

3. 03

   The company said it repurchased 811,063 common shares at an average price of $205.60 per share during January 2026. It said its debt-to-total capital ratio was 18.1% as of January 31.

Analysis scope · Filing body and confirmed press-release exhibitWe analyzed the filing body and confirmed exhibits. This is not a review of other exhibits, investor presentations or the full earnings call. Some paragraphs were omitted because their support in the source could not be confirmed.

AI summarized the filing and translated the summary into English; it may differ from the original. For reference only, not investment advice. AI translated the published Korean report into English. Figures are copied as filed, not recalculated.

Original filing

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