Progressive Reports March 2025 Results
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The Progressive Corporation (NYSE: PGR) today reported the following results for the month and quarter ended March 31, 2025:
| March | Quarter | |||||||||||||||||||
| (millions, except per share amounts and ratios; unaudited) | 2025 | 2024 | Change | 2025 | 2024 | Change | ||||||||||||||
| Net premiums written | $ | 9,041 | $ | 7,746 | 17 | % | $ | 22,206 | $ | 18,962 | 17 | % | ||||||||
| Net premiums earned | $ | 6,787 | $ | 5,634 | 20 | % | $ | 19,409 | $ | 16,149 | 20 | % | ||||||||
| Net income | $ | 522 | $ | 893 | (42 | ) | % | $ | 2,567 | $ | 2,331 | 10 | % | |||||||
| Per share available to common shareholders | $ | 0.89 | $ | 1.52 | (42 | ) | % | $ | 4.37 | $ | 3.94 | 11 | % | |||||||
| Total pretax net realized gains (losses) on securities | $ | (211 | ) | $ | 59 | (458 | ) | % | $ | (212 | ) | $ | 156 | (236 | ) | % | ||||
| Combined ratio | 90.9 | 84.3 | 6.6 | pts. | 86.0 | 86.1 | (0.1 | ) | pts. | |||||||||||
| Average diluted equivalent common shares | 587.7 | 587.4 | 0 | % | 587.7 | 587.3 | 0 | % | ||||||||||||
| March 31, | |||||
| (thousands; unaudited) | 2025 | 2024 | % Change | ||
| Policies in Force | |||||
| Personal Lines | |||||
| Agency – auto | 10,146 | 8,593 | 18 | ||
| Direct – auto | 14,771 | 11,855 | 25 | ||
| Special lines | 6,637 | 6,076 | 9 | ||
| Property | 3,576 | 3,209 | 11 | ||
| Total Personal Lines | 35,130 | 29,733 | 18 | ||
| Commercial Lines | 1,162 | 1,101 | 6 | ||
| Companywide | 36,292 | 30,834 | 18 | ||
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