Q1 results were consistent with the last several quarters, extraordinary profitability and growth well above the industry average. While the macro environment could put upward pressure on pricing in the future, today we're still delivering near record personal auto margins and focused on growing as quickly as possible. We continue to execute state and product level plans to maximize PIF growth at target profit margins. In Commercial Lines, we're also seeing a competitive environment, and we are looking to all avenues to stimulate growth.

With targeted rate decreases and continued advancements in rolling out our next-generation product models across our core commercial auto, medium fleet, and small business lines, we are well-positioned for growth. In 2025, the private passenger auto market grew written premium about $11.8 billion. If you take just the top 10 carriers, that combined growth in 2025 was $10.4 billion. In quarter one 2026, we grew PIFs nearly $1 million, sorry, on auto PIFs that were 11% of that.

Possibly, because we do look at growth in terms of policies, and we wanna make sure we continue to have more and more policies. It sounds like from a growth perspective, somebody's hogging all the fun. Pat talked about it a little bit in the opening comments that we're really well-positioned for growth based on our margins and our segmentation. Like we've said in the past, our real measure of growth that for long term is policies in force.

More on Progressive Corp/Oh/

Reported 2026-05-05 · figures from the Progressive Corp/Oh/ Q1 2026 earnings call.

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