{
  "url": "https://struct.news/briefs/progressives-revenue-grew-73-while-mix-pushed-average-premiums-lower",
  "title": "Progressive's revenue grew 7.3%, while mix pushed average premiums lower",
  "summary": "Auto quote volume fell 7% even as Progressive converted 9% more of its shoppers, a tidy growth story with a loose thread.",
  "published_at": "2026-08-03T13:41:52.304595+00:00",
  "publisher": "Struct",
  "usage": "Figures are as reported by the company. Quote with attribution to the source filing.",
  "company": {
    "name": "Progressive Corporation (The)",
    "ticker": "PGR",
    "cik": "80661",
    "sector": "Financial Services",
    "industry": "Insurance - Property & Casualty"
  },
  "source_filing": {
    "form": "10-Q",
    "filed": "2026-08-03",
    "accession": "0000080661-26-000308",
    "url": "https://www.sec.gov/Archives/edgar/data/80661/000008066126000308/pgr-20260630.htm"
  },
  "comparison_filing": {
    "form": "10-Q",
    "filed": "2025-08-04",
    "url": "https://www.sec.gov/Archives/edgar/data/80661/000008066125000051/pgr-20250630.htm"
  },
  "reported_figures": [
    {
      "group": "The filing in three numbers",
      "label": "Revenue",
      "value": 87671000000,
      "display": "$87.7B",
      "unit": "usd",
      "period": "2025-12-31",
      "detail": null,
      "source": {
        "kind": "sec_filing",
        "label": "Filed company results",
        "form": "10-Q",
        "accession": "0000080661-26-000308",
        "filing_date": "2026-08-03"
      }
    },
    {
      "group": "The filing in three numbers",
      "label": "Revenue YoY",
      "value": 16.31773072228413,
      "display": "+16.3%",
      "unit": "percent",
      "period": "2025-12-31",
      "detail": null,
      "source": {
        "kind": "jodie_calculation",
        "label": "Calculated from filed company results",
        "form": "10-Q",
        "accession": "0000080661-26-000308",
        "filing_date": "2026-08-03"
      }
    },
    {
      "group": "The filing in three numbers",
      "label": "Net margin",
      "value": 12.898221760901551,
      "display": "+12.9%",
      "unit": "percent",
      "period": "2025-12-31",
      "detail": null,
      "source": {
        "kind": "jodie_calculation",
        "label": "Calculated from filed company results",
        "form": "10-Q",
        "accession": "0000080661-26-000308",
        "filing_date": "2026-08-03"
      }
    }
  ],
  "watch_next": [
    {
      "type": "demand",
      "statement": "Direct personal auto quotes fell while conversion rose, making the relationship between shopper volume and policy growth a current operating sensitivity.",
      "importance": "medium",
      "evidence": "During the second quarter and first six months of 2026, direct personal auto quote volume decreased 7% and 6%, respectively, with a rate of conversion increase of 9% in both periods",
      "source_date": "2026-08-03"
    }
  ],
  "related_tickers": [
    "PGR"
  ],
  "disclaimer": "Descriptive reporting of filed results. Not investment advice, and contains no forecast or recommendation."
}