Progressive reports 4% net income growth in Q2 2026 despite 31% drop in quarterly profit.

Progressive remains a buy with 8% upside and solid Q2 earnings despite margin pressures.

Progressive is recommended as a buy, offering an 8% upside to a fair value of $230–$235 and a 3–4% dividend yield. The company's Q2 results were strong, with earnings per share of $5.67 and a combined ratio of 87.3%, although June's 90% ratio indicat...