Progressive Shares Fall After 31% Drop in June Profit

Dow Jones07-15 23:05

Shares of Progressive fell after the insurance holding company reported a 31% drop in income for June.

The stock was down more than 7% to $210.30 in recent trading, and has fallen over 8% since the start of the year.

Progressive's net income fell to $779 million in June from $1.12 billion in the same month last year.

In its second quarter, profit increased to $3.31 billion, compared with $3.18 billion in the same quarter the year before.

Earnings per share for the second quarter was $5.67, topping analyst expectations for $5.35.

Progressive posted net premiums earned of $21.57 billion and net premiums written of $21.08 billion in the second quarter.

Write to Grace Yoon at grace.yoon@wsj.com

(END) Dow Jones Newswires

July 15, 2026 11:05 ET (15:05 GMT)

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