Progressive Corporation Reports 34% Increase in Net Income and 11% Rise in Net Premiums Written for July 2025

Reuters
2025/08/20
Progressive Corporation Reports 34% Increase in Net Income and 11% Rise in Net Premiums Written for July 2025

Progressive Corporation $(PGR)$ reported its financial results for July 2025, highlighting significant growth compared to the same period in 2024. The company recorded net premiums written of $7.057 billion, an 11% increase from $6.378 billion in July 2024. Net premiums earned rose 15% to $6.986 billion from $6.066 billion the previous year. Progressive's net income for July 2025 was $1.090 billion, marking a substantial 34% rise from $814 million in July 2024. Earnings per share available to common shareholders also increased by 34%, reaching $1.85, up from $1.38. The company also reported total pretax net realized gains on securities of $79 million, a 25% increase from $63 million in July 2024. The combined ratio improved to 85.3, down from 88.0, indicating better operational efficiency. In terms of policies in force, Progressive showed growth across various sectors. Personal lines policies increased to 36.439 million from 31.778 million, a 15% rise. Notably, agency auto policies grew by 15% and direct auto policies by 19%. Special lines and property policies also saw increments of 8% and 7%, respectively. Commercial lines policies increased by 7%, bringing the companywide total to 37.633 million policies, a 14% improvement from the previous year. These results reflect Progressive's continued expansion and robust performance in the insurance market.

Disclaimer: This news brief was created by Public Technologies (PUBT) using generative artificial intelligence. While PUBT strives to provide accurate and timely information, this AI-generated content is for informational purposes only and should not be interpreted as financial, investment, or legal advice. Progressive Corporation published the original content used to generate this news brief via GlobeNewswire (Ref. ID: GNW9515488-en) on August 20, 2025, and is solely responsible for the information contained therein.

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