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Progressive names new leadership structure as profit jumps
Key takeaways
- The Cleveland-based auto insurer posted net income of $1.45 billion for the month ended May 31, up from $1.07 billion a year earlier, with earnings per share rising to $2.47 from $1.81.
- Net premiums written grew 6% year-over-year to $7.037 billion, while net premiums earned rose 10% to $7.36 billion.
- Total policies in force reached approximately 39.97 million, up 8% from the prior year.
Progressive names new leadership structure as profit jumps Progressive names new leadership structure as profit jumps Proactive uses images sourced from Shutterstock Proactive Wed, June 17, 2026 at 10:55 PM GMT+7 1 min read PGR Progressive Corp (NYSE:PGR) reported a 36% surge in monthly net income and announced a leadership shake-up, as Personal Lines President Pat Callahan prepares to retire after nearly 24 years with the insurer.
The Cleveland-based auto insurer posted net income of $1.45 billion for the month ended May 31, up from $1.07 billion a year earlier, with earnings per share rising to $2.47 from $1.81.
Net premiums written grew 6% year-over-year to $7.037 billion, while net premiums earned rose 10% to $7.36 billion.
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