NASDAQ:APLD.O 15 January 2026

June 21, 2026, 7:46 AM EDT. The Progressive Corporation (NYSE:PGR) posted a 36% rise in net income to $1.445 billion for May, driven by a 6% increase in net premiums written to $7.027 billion and a 10% jump in net premiums earned. Underwriting profitability improved as the combined ratio fell by 4.8 points to 82.1, reflecting better claims management. The insurer's customer base expanded 8% year-over-year to nearly 40 million policies, fueled by growth in both personal and commercial lines. As a major U.S. insurer, Progressive offers a variety of coverage options accessible through multiple channels including online and agents. Despite these strong results, some investors see higher potential in AI-related stocks amid current market trends.