Progressive Reports September 2025 Results
Rhea-AI Summary
Progressive (NYSE:PGR) reported September and quarter results ended Sept. 30, 2025. Key monthly/quarter metrics: Net premiums written rose to $7,128M in September (+8% YoY) and $21,384M for the quarter (+10% YoY). Net premiums earned were $6,827M in September (+9% YoY) and $20,849M for the quarter (+14% YoY). September net income fell to $305M (-48% YoY) while quarterly net income rose to $2,615M (+12% YoY). Combined ratio worsened to 100.4 in September from 93.4 a year earlier (+7.0 pts). Policies in force increased ~12% companywide to 38,078 thousand.
Positive
- Net premiums written +10% quarter to $21,384M
- Net premiums earned +14% quarter to $20,849M
- Companywide policies in force +12% to 38,078k
- Quarter net income +12% to $2,615M
Negative
- September net income -48% to $305M
- September combined ratio worsened by 7.0 pts to 100.4
News Market Reaction
On the day this news was published, PGR declined 5.78%, reflecting a notable negative market reaction. Argus tracked a trough of -5.6% from its starting point during tracking. Our momentum scanner triggered 38 alerts that day, indicating elevated trading interest and price volatility. This price movement removed approximately $8.65B from the company's valuation, bringing the market cap to $140.97B at that time.
Data tracked by StockTitan Argus on the day of publication.
MAYFIELD VILLAGE, OHIO, Oct. 15, 2025 (GLOBE NEWSWIRE) -- The Progressive Corporation (NYSE:PGR) today reported the following results for the month and quarter ended September 30, 2025:
| September | Quarter | ||||||||||||||||
| (millions, except per share amounts and ratios; unaudited) | 2025 | 2024 | Change | 2025 | 2024 | Change | |||||||||||
| Net premiums written | $ | 7,128 | $ | 6,570 | 8 | % | $ | 21,384 | $ | 19,455 | 10 | % | |||||
| Net premiums earned | $ | 6,827 | $ | 6,263 | 9 | % | $ | 20,849 | $ | 18,297 | 14 | % | |||||
| Net income | $ | 305 | $ | 585 | (48 | ) | % | $ | 2,615 | $ | 2,334 | 12 | % | ||||
| Per share available to common shareholders | $ | 0.52 | $ | 0.99 | (48 | ) | % | $ | 4.45 | $ | 3.97 | 12 | % | ||||
| Total pretax net realized gains (losses) on securities | $ | 138 | $ | 121 | 14 | % | $ | 295 | $ | 288 | 2 | % | |||||
| Combined ratio | 100.4 | 93.4 | 7.0 | pts. | 89.5 | 89.0 | 0.5 | pts. | |||||||||
| Average diluted equivalent common shares | 588.2 | 587.7 | 0 | % | 588.2 | 587.6 | 0 | % | |||||||||
| September 30, | |||||
| (thousands; unaudited) | 2025 | 2024 | % Change | ||
| Policies in Force | |||||
| Personal Lines | |||||
| Agency – auto | 10,630 | 9,415 | 13 | ||
| Direct – auto | 15,619 | 13,388 | 17 | ||
| Special lines | 6,980 | 6,475 | 8 | ||
| Property | 3,651 | 3,460 | 6 | ||
| Total Personal Lines | 36,880 | 32,738 | 13 | ||
| Commercial Lines | 1,198 | 1,131 | 6 | ||
| Companywide | 38,078 | 33,869 | 12 | ||
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 September 2025 Complete Earnings Release
FAQ
What did Progressive (PGR) report for net premiums written in Q3 2025?
Why did Progressive (PGR) show a drop in September net income in 2025?
What was Progressive's (PGR) combined ratio for September 2025 and why it matters?
How did Progressive (PGR) perform on policies in force as of Sept. 30, 2025?
What were Progressive's (PGR) net income and EPS for the quarter ended Sept. 30, 2025?
