The Progressive Corporation $(PGR)$ has announced its financial results for June and the quarter ending June 30, 2025. The company reported net premiums written of $6.605 billion for June 2025, marking a 15% increase from the $5.749 billion recorded in June 2024. For the quarter, net premiums written rose by 12% to $20.076 billion from $17.902 billion in the previous year. Net income for June 2025 was $1.124 billion, a significant 40% increase compared to $803 million in June 2024. The quarterly net income saw an impressive growth of 118%, reaching $3.175 billion compared to $1.459 billion in the same quarter of 2024. Earnings per share available to common shareholders were reported at $1.91 for June 2025, a 40% increase from $1.37 in the previous year. For the quarter, the earnings per share surged by 118% to $5.40 from $2.48 in 2024. The companywide policies in force for personal lines increased by 16% to 36,126 thousand from 31,192 thousand in June 2024, with agency auto policies rising by 16% and direct auto policies increasing by 21%. The combined ratio for June 2025 was reported at 86.6, slightly higher by 0.4 points from 86.2 in June 2024. For the quarter, the combined ratio improved by 5.7 points to 86.2 from 91.9 in the previous year.
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