Progressive Reports October 2025 Results

Rhea-AI Summary

Progressive (NYSE: PGR) reported October 2025 monthly results for the period ended October 31, 2025. Key metrics: Net premiums written $7,002M (+6% vs. Oct 2024) and Net premiums earned $7,078M (+11% vs. Oct 2024).

Net income was $846M (+107% vs. $408M), or $1.44 per share (+107%). Total pretax net realized gains on securities were $57M (vs. a $88M loss in Oct 2024). The company reported an improved combined ratio of 89.7 (down 4.4 pts vs. 94.1). Average diluted equivalent common shares were 588.1 thousand.

Policies in force grew ~12% companywide to 38,379K, with auto direct +16% and agency auto +12% year-over-year.

Positive

• Net income +107% to $846M
• Net premiums earned +11% to $7,078M
• Combined ratio improved to 89.7 (-4.4 pts)
• Companywide policies in force +12% to 38,379K
• Pretax securities gains $57M vs. $(88)M prior year

Negative

• None.

MAYFIELD VILLAGE, OHIO, Nov. 19, 2025 (GLOBE NEWSWIRE) -- The Progressive Corporation (NYSE:PGR) today reported the following results for the month ended October 31, 2025:

	October
(millions, except per share amounts and ratios; unaudited)		2025			2024			Change
Net premiums written	$	7,002		$	6,578			6		%
Net premiums earned	$	7,078		$	6,387			11		%
Net income	$	846		$	408			107		%
Per share available to common shareholders	$	1.44		$	0.69			107		%
Total pretax net realized gains (losses) on securities	$	57		$	(88	)		(165	)	%
Combined ratio		89.7			94.1			(4.4	)	pts.
Average diluted equivalent common shares		588.1			587.7			0		%

		October 31,
(thousands; unaudited)		2025			2024			% Change
Policies in Force
Personal Lines
Agency – auto		10,720			9,581			12
Direct – auto		15,802			13,653			16
Special lines		6,996			6,504			8
Property		3,660			3,485			5
Total Personal Lines		37,178			33,223			12
Commercial Lines		1,201			1,141			5
Companywide		38,379			34,364			12

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 October 2025 Complete Earnings Release

FAQ

What were Progressive (PGR) October 2025 net premiums written and how did they change?

Progressive reported $7,002M in net premiums written for October 2025, a 6% increase versus October 2024.

How much net income did Progressive (PGR) report for October 2025 and what was EPS?

Progressive reported $846M net income for October 2025, equal to $1.44 per share, a 107% increase year-over-year.

What was Progressive's (PGR) combined ratio for October 2025 and why does it matter?

The combined ratio was 89.7 in October 2025, improving 4.4 points from 94.1, indicating better underwriting profitability.

How did Progressive's (PGR) policies in force change by October 31, 2025?

Companywide policies in force rose about 12% to 38,379K; direct auto +16% and agency auto +12% year-over-year.

What happened to Progressive's (PGR) investment results in October 2025?

Total pretax net realized gains on securities were $57M in October 2025 versus a $88M loss a year earlier.

How many diluted equivalent common shares did Progressive (PGR) report for October 2025?

Average diluted equivalent common shares were 588.1 for October 2025.