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Progressive Reports May 2025 Results

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Progressive Corporation reported strong financial results for May 2025, with net income surging 353% to $1.065 billion compared to $235 million in May 2024. Net premiums written increased 11% to $6.634 billion, while net premiums earned grew 15% to $6.715 billion. The company's combined ratio improved significantly to 86.9%, down 13.5 points from 100.4% in the previous year. Total policies in force grew 16% companywide to 37 million, with notable growth in both Personal Lines (16% increase) and Commercial Lines (6% increase). Direct auto policies showed the strongest growth at 22%, while agency auto policies increased by 17%. The company also reported pretax net realized gains on securities of $211 million, up 79% from the previous year.
Progressive Corporation ha riportato risultati finanziari solidi per maggio 2025, con un utile netto in aumento del 353%, raggiungendo 1,065 miliardi di dollari rispetto ai 235 milioni di maggio 2024. I premi netti sottoscritti sono cresciuti dell'11% a 6,634 miliardi di dollari, mentre i premi netti guadagnati sono aumentati del 15% a 6,715 miliardi di dollari. Il rapporto combinato dell'azienda è migliorato significativamente, attestandosi all'86,9%, in calo di 13,5 punti rispetto al 100,4% dell'anno precedente. Il numero totale di polizze in vigore è cresciuto del 16% a livello aziendale, raggiungendo 37 milioni, con una crescita significativa sia nelle Linee Personali (aumento del 16%) che nelle Linee Commerciali (aumento del 6%). Le polizze auto dirette hanno mostrato la crescita più forte, con un aumento del 22%, mentre le polizze auto tramite agenzia sono cresciute del 17%. L'azienda ha inoltre riportato guadagni netti realizzati ante imposte su titoli per 211 milioni di dollari, in aumento del 79% rispetto all'anno precedente.
Progressive Corporation reportó sólidos resultados financieros para mayo de 2025, con un ingreso neto que se disparó un 353% hasta 1.065 millones de dólares, en comparación con 235 millones en mayo de 2024. Las primas netas suscritas aumentaron un 11% hasta 6.634 millones de dólares, mientras que las primas netas devengadas crecieron un 15% hasta 6.715 millones de dólares. El índice combinado de la compañía mejoró significativamente hasta el 86,9%, bajando 13,5 puntos desde el 100,4% del año anterior. El total de pólizas vigentes creció un 16% en toda la empresa, alcanzando los 37 millones, con un crecimiento notable tanto en Líneas Personales (incremento del 16%) como en Líneas Comerciales (incremento del 6%). Las pólizas de autos directas mostraron el mayor crecimiento, con un aumento del 22%, mientras que las pólizas de autos por agencia aumentaron un 17%. La compañía también reportó ganancias netas realizadas antes de impuestos sobre valores por 211 millones de dólares, un aumento del 79% respecto al año anterior.
Progressive Corporation은 2025년 5월 강력한 재무 실적을 보고했으며, 순이익이 353% 급증하여 10억 6500만 달러를 기록했습니다(2024년 5월 2억 3500만 달러 대비). 순보험료 인수액은 11% 증가한 66억 3400만 달러, 순보험료 수입액은 15% 증가한 67억 1500만 달러를 기록했습니다. 회사의 결합비율은 전년 100.4%에서 13.5포인트 하락한 86.9%로 크게 개선되었습니다. 전체 보험증권 수는 전사적으로 16% 증가한 3,700만 건에 달했으며, 개인 라인(16% 증가)과 상업용 라인(6% 증가) 모두에서 눈에 띄는 성장을 보였습니다. 직접 자동차 보험증권은 22%로 가장 강한 성장을 나타냈고, 대리점 자동차 보험증권은 17% 증가했습니다. 또한 회사는 증권 관련 세전 순실현이익 2억 1100만 달러를 보고했으며, 이는 전년 대비 79% 증가한 수치입니다.
Progressive Corporation a annoncé de solides résultats financiers pour mai 2025, avec un bénéfice net en hausse de 353 % à 1,065 milliard de dollars, contre 235 millions en mai 2024. Les primes nettes souscrites ont augmenté de 11 % pour atteindre 6,634 milliards de dollars, tandis que les primes nettes acquises ont progressé de 15 % à 6,715 milliards de dollars. Le ratio combiné de la société s'est nettement amélioré pour atteindre 86,9 %, soit une baisse de 13,5 points par rapport à 100,4 % l'année précédente. Le nombre total de polices en vigueur a augmenté de 16 % à l'échelle de l'entreprise, atteignant 37 millions, avec une croissance notable tant dans les lignes personnelles (augmentation de 16 %) que dans les lignes commerciales (augmentation de 6 %). Les polices d'assurance automobile directes ont connu la plus forte croissance avec une hausse de 22 %, tandis que les polices automobiles par agence ont augmenté de 17 %. La société a également déclaré des gains nets réalisés avant impôts sur les titres de 211 millions de dollars, en hausse de 79 % par rapport à l'année précédente.
Die Progressive Corporation meldete starke Finanzergebnisse für Mai 2025, mit einem Nettogewinn, der um 353 % auf 1,065 Milliarden US-Dollar im Vergleich zu 235 Millionen US-Dollar im Mai 2024 anstieg. Die netto gezeichneten Prämien stiegen um 11 % auf 6,634 Milliarden US-Dollar, während die netto verdienten Prämien um 15 % auf 6,715 Milliarden US-Dollar wuchsen. Die kombinierte Schadenquote des Unternehmens verbesserte sich deutlich auf 86,9 %, was einem Rückgang um 13,5 Punkte gegenüber 100,4 % im Vorjahr entspricht. Die Gesamtzahl der aktiven Policen wuchs unternehmensweit um 16 % auf 37 Millionen, mit bemerkenswertem Wachstum sowohl im Privatkundenbereich (16 % Zuwachs) als auch im Gewerbebereich (6 % Zuwachs). Direkt abgeschlossene Kfz-Policen verzeichneten mit 22 % das stärkste Wachstum, während Agentur-Kfz-Policen um 17 % zunahmen. Das Unternehmen meldete außerdem vorsteuerliche realisierte Nettoerträge aus Wertpapieren in Höhe von 211 Millionen US-Dollar, ein Anstieg von 79 % gegenüber dem Vorjahr.
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.

Insights

Progressive's extraordinary 353% net income growth and 13.5-point combined ratio improvement demonstrate exceptional underwriting performance and pricing strategy effectiveness.

Progressive's May 2025 results reveal remarkable financial performance with net income soaring 353% year-over-year to $1.065 billion, translating to earnings per share of $1.81, up from $0.40 in the same period last year.

The standout metric is the combined ratio improvement to 86.9% from 100.4% in May 2024 – a dramatic 13.5 percentage point improvement. In insurance, a combined ratio below 100% indicates underwriting profitability, with lower percentages signaling stronger results. This exceptional ratio suggests significantly improved underwriting discipline and claims management.

Premium growth remains robust with net premiums written increasing 11% to $6.63 billion while net premiums earned rose 15% to $6.72 billion. This premium growth coupled with the improved combined ratio demonstrates Progressive's ability to grow while maintaining underwriting discipline.

Policy count growth is equally impressive, with personal auto policies increasing 17% in agency channels and 22% in direct channels. Total policies in force grew 16% company-wide to 37 million. These figures indicate strong customer acquisition and retention despite what must be a competitive market environment.

The $211 million in realized securities gains (79% higher than last year) provided an additional boost to the bottom line, though the core insurance operations drove the majority of the improved performance.

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 – auto10,341 8,869 17
Direct – auto15,089 12,383 22
Special lines6,787 6,248 9
Property3,601 3,305 9
Total Personal Lines35,818 30,805 16
Commercial Lines1,184 1,114 6
Companywide37,002 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

What was Progressive's (PGR) net income for May 2025?

Progressive reported a net income of $1.065 billion for May 2025, representing a 353% increase from $235 million in May 2024.

How much did Progressive's (PGR) combined ratio improve in May 2025?

Progressive's combined ratio improved by 13.5 points to 86.9% in May 2025, down from 100.4% in May 2024.

What was Progressive's (PGR) policy growth in May 2025?

Progressive's total policies in force grew 16% to 37 million, with Direct auto policies growing 22% and Agency auto policies increasing 17%.

How much did Progressive's (PGR) net premiums written increase in May 2025?

Progressive's net premiums written increased 11% to $6.634 billion in May 2025 compared to $5.975 billion in May 2024.

What was Progressive's (PGR) earnings per share in May 2025?

Progressive reported earnings of $1.81 per share in May 2025, up 352% from $0.40 per share in May 2024.
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NYSE:PGR

PGR Rankings

#74 Ranked by Market Cap
#2155 Ranked by Dividends

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PGR Stock Data

159.05B
584.48M
0.28%
87.71%
1.1%
Insurance - Property & Casualty
Fire, Marine & Casualty Insurance
Link
United States
MAYFIELD VILLAGE

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