Progressive Reports December 2025 Results
Progressive (NYSE:PGR) reported December 2025 and quarter results for the period ended December 31, 2025.
Sentiment and the balance of points
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Rhea-AI Summary
Progressive (NYSE:PGR) reported December 2025 and quarter results for the period ended December 31, 2025. Quarter net premiums earned rose 10% to $21,093 million and net income rose 25% to $2,951 million, with EPS up 25% to $5.02. Policies in force increased 10% year-over-year to 38.6 million.
December combined ratio widened 3.0 points to 87.1, and the company recorded pretax net realized gains of $168 million in December and $257 million for the quarter.
Positive
- Quarter net premiums earned +10% to $21,093 million
- Quarter net income +25% to $2,951 million
- Quarter EPS +25% to $5.02
- Policies in force +10% to 38.6 million
Negative
- December combined ratio worsened by 3.0 points to 87.1
- Monthly net premiums written grew only 6% YoY in December
Details
News Market Reaction – PGR
On Jan 28, the day this news came out, PGR closed 2.24% above the previous close.
Data tracked by StockTitan Argus for the Jan 28 session.
Key Figures
- Net premiums written (Dec 2025)
- $6,313M
- December 2025 vs December 2024 ($5,964M), up 6%
- Net premiums earned (Dec 2025)
- $7,121M
- December 2025 vs December 2024 ($6,717M), up 6%
- Net income (Dec 2025)
- $1,147M
- December 2025 vs December 2024 ($942M), up 22%
- EPS (Dec 2025)
- $1.95
- Per share available to common shareholders, vs $1.60, up 22%
- Net income (Q4 2025)
- $2,951M
- Quarter ended Dec 31, 2025 vs $2,356M in 2024, up 25%
- EPS (Q4 2025)
- $5.02
- Quarter EPS vs $4.01 in 2024, up 25%
- Combined ratio (Dec 2025)
- 87.1
- December 2025 combined ratio vs 84.1 in 2024, up 3.0 pts
- Policies in force total
- 38,619K
- Total policies in force at Dec 31, 2025 vs 34,952K, up 10%
Historical Context
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Introduced Progressive-branded pet insurance across most U.S. states.
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November 2025 results with EPS and net income down year over year.
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Expanded Best Egg loan access within Progressive’s customer ecosystem.
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Announced annual and quarterly dividends plus 2026 meeting record dates.
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October 2025 results with strong income growth and improved combined ratio.
24h Move is the share-price change in the day after each event; other market factors may also have contributed.
Key Terms
combined ratio financial
policies in force financial
AI-generated analysis. How Rhea-AI works. Not financial advice.
MAYFIELD VILLAGE, OHIO, Jan. 28, 2026 (GLOBE NEWSWIRE) -- The Progressive Corporation (NYSE:PGR) today reported the following results for the month and quarter ended December 31, 2025:
| December | Quarter | ||||||||||||||||||
| (millions, except per share amounts and ratios; unaudited) | 2025 | 2024 | Change | 2025 | 2024 | Change | |||||||||||||
| Net premiums written | $ | 6,313 | $ | 5,964 | 6 | % | $ | 19,508 | $ | 18,105 | 8 | % | |||||||
| Net premiums earned | $ | 7,121 | $ | 6,717 | 6 | % | $ | 21,093 | $ | 19,144 | 10 | % | |||||||
| Net income | $ | 1,147 | $ | 942 | 22 | % | $ | 2,951 | $ | 2,356 | 25 | % | |||||||
| Per share available to common shareholders | $ | 1.95 | $ | 1.60 | 22 | % | $ | 5.02 | $ | 4.01 | 25 | % | |||||||
| Total pretax net realized gains (losses) on securities | $ | 168 | $ | (140 | ) | (220 | ) | % | $ | 257 | $ | (53 | ) | NM | |||||
| Combined ratio | 87.1 | 84.1 | 3.0 | pts. | 88.0 | 87.9 | 0.1 | pts. | |||||||||||
| Average diluted equivalent common shares | 588.0 | 587.7 | 0 | % | 588.0 | 587.7 | 0 | % | |||||||||||
| NM = Not Meaningful | |||||||||||||||||||
| December 31, | |||||
| (thousands; unaudited) | 2025 | 2024 | % Change | ||
| Policies in Force | |||||
| Personal Lines | |||||
| Agency – auto | 10,787 | 9,778 | 10 | ||
| Direct – auto | 15,993 | 13,996 | 14 | ||
| Special lines | 6,998 | 6,520 | 7 | ||
| Property | 3,650 | 3,517 | 4 | ||
| Total Personal Lines | 37,428 | 33,811 | 11 | ||
| Commercial Lines | 1,191 | 1,141 | 4 | ||
| Total | 38,619 | 34,952 | 10 | ||
See Progressive’s complete monthly earnings release for additional information.
About Progressive
Progressive Insurance® makes it easy to understand, buy and use car insurance, home insurance, and other protection needs. Progressive offers choices so consumers can reach us however it’s most convenient for them — online at progressive.com, by phone at 1-800-PROGRESSIVE, via the Progressive mobile app, or in-person with a local agent.
Progressive provides insurance for personal and commercial autos and trucks, motorcycles, boats, recreational vehicles, and homes; it is the second largest personal auto insurer in the country, a leading seller of commercial auto, motorcycle, and boat insurance, and one of the top 15 homeowners insurance carriers.
Founded in 1937, Progressive continues its long history of offering shopping tools and services that save customers time and money, like Name Your Price®, Snapshot®, and HomeQuote Explorer®.
The Common Shares of The Progressive Corporation, the Mayfield Village, Ohio-based holding company, trade publicly at NYSE: PGR.
Company Contact:
Douglas S. Constantine
(440) 395-3707
investor_relations@progressive.com
The Progressive Corporation
300 North Commons Blvd.
Mayfield Village, Ohio 44143
http://www.progressive.com
Download PDF: Progressive December 2025 Complete Earnings Release
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