Progressive Corporation (The)
207.97-3.94 (-1.86%)
Oct 29, 4:00:02 PM EDT · NYSE · PGR · USD
Key Stats
Market Cap
121.95BP/E (TTM)
11.41Basic EPS (TTM)
18.22Dividend Yield
0.02%Recent Filings
8-K
Progressive's August profits soar
Progressive Corporation reported robust August 2025 results, with net premiums written up 11% to $7,199 million and net income surging 30% to $1,220 million versus last year. The combined ratio improved to 83.1 from 85.5, signaling stronger underwriting discipline amid 13% growth in policies in force. Year-to-date, net income hit $8,052 million, up 46%. Yet catastrophe risks loom large.
8-K
Progressive's July profits soar
Progressive Corporation reported robust July 2025 results, with net premiums written surging 11% to $7,057 million and net income jumping 34% to $1,090 million, driven by 15% growth in net premiums earned. The combined ratio improved to 85.3 from 88.0, reflecting favorable prior accident year development of $176 million. Policies in force rose 14% to 37.6 million. Strong underwriting fuels profitability, yet catastrophe risks loom.
10-Q
Q2 FY2025 results
Progressive delivered robust Q2 FY2025 results, with net premiums earned surging 18% year-over-year to $20.3B while policies in force climbed 15% to 37.3 million, fueled by strong personal auto growth of 19% in policies and 16% in premiums. Underwriting margins expanded sharply to 13.8% from 8.1%, thanks to a 6.1-point drop in the loss ratio to 66.8%, driven by lower catastrophe losses and $329M in favorable prior-year reserve development, primarily from reduced severity in Florida auto claims. Investment income rose 27% to $871M on higher yields, boosting net income to $3.2B or $5.40 diluted EPS, up from $1.5B last year; free cash flow hit $8.8B year-to-date after $161M capex. Debt stands at $6.9B with full revolver availability, yet litigation over claims valuation practices poses a balanced risk.
8-K
Progressive's June profits surge
The Progressive Corporation reported robust June 2025 results, with net premiums written surging 15% to $6,605 million and net income jumping 40% to $1,124 million, driven by strong personal lines growth. The combined ratio held steady at 86.6, while year-to-date net income soared 118% to $3,175 million for the quarter, reflecting favorable prior accident year development of $120 million. Policies in force expanded 15% companywide. Catastrophe losses, including Texas severe weather, remain a key watchpoint.
8-K
Progressive's May profits soar 353%
Progressive Corporation reported robust May 2025 results, with net premiums written surging 11% to $6,634 million and net income exploding 353% to $1,065 million, fueled by a stellar 86.9 combined ratio versus 100.4 last year. Policies in force climbed 16% companywide to 37 million, driven by 22% direct auto growth, while catastrophe losses from severe U.S. weather added pressure. Year-to-date, premiums rose 15% to $35,677 million. Favorable reserve development boosted profits, but weather risks loom large.
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