Progressive Reports May 2025 Results
Rhea-AI Summary
Positive
- Net income increased dramatically by 353% to $1.065 billion
- Combined ratio improved significantly to 86.9%, indicating better underwriting profitability
- Strong policy growth with 16% increase in total policies in force
- Direct auto policies showed robust 22% growth year-over-year
- Net premiums earned grew 15% to $6.715 billion
Negative
- None.
News Market Reaction
On the day this news was published, PGR declined 2.05%, reflecting a moderate negative market reaction.
Data tracked by StockTitan Argus on the day of publication.
MAYFIELD VILLAGE, OHIO, June 18, 2025 (GLOBE NEWSWIRE) -- The Progressive Corporation (NYSE:PGR) today reported the following results for the month ended May 31, 2025:
| May | |||||||||
| (millions, except per share amounts and ratios; unaudited) | 2025 | 2024 | Change | ||||||
| Net premiums written | $ | 6,634 | $ | 5,975 | 11 | % | |||
| Net premiums earned | $ | 6,715 | $ | 5,857 | 15 | % | |||
| Net income | $ | 1,065 | $ | 235 | 353 | % | |||
| Per share available to common shareholders | $ | 1.81 | $ | 0.40 | 352 | % | |||
| Total pretax net realized gains (losses) on securities | $ | 211 | $ | 118 | 79 | % | |||
| Combined ratio | 86.9 | 100.4 | (13.5 | ) | pts. | ||||
| Average diluted equivalent common shares | 587.7 | 587.4 | 0 | % | |||||
| May 31, | |||||
| (thousands; unaudited) | 2025 | 2024 | % Change | ||
| Policies in Force | |||||
| Personal Lines | |||||
| Agency – auto | 10,341 | 8,869 | 17 | ||
| Direct – auto | 15,089 | 12,383 | 22 | ||
| Special lines | 6,787 | 6,248 | 9 | ||
| Property | 3,601 | 3,305 | 9 | ||
| Total Personal Lines | 35,818 | 30,805 | 16 | ||
| Commercial Lines | 1,184 | 1,114 | 6 | ||
| Companywide | 37,002 | 31,919 | 16 | ||
See Progressive’s complete monthly earnings release, including the “Monthly Commentary,” 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 May 2025 Complete Earnings Release
FAQ
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