PGR
The Progressive Corporation231.81
-4.55-1.93%
Dec 16, 4:00:02 PM EST
Earnings Call Transcripts
This Quarter (Q4 '25)
No earnings call transcript available yet
Last Quarter (Q3 '25)
No earnings call transcript available
Key Stats
Market Cap
135.93BP/E (TTM)
12.72Basic EPS (TTM)
18.22Dividend Yield
0.02%Recent Filings
8-K
10-Q
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.
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