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Progressive Reports April 2025 Results

1. PGR reported net premiums written of $6,837 million, up 11%. 2. Net income increased 134% to $986 million compared to 2024. 3. Combined ratio improved to 84.9 from 89.0, indicating efficiency gains. 4. Policies in force rose significantly, reflecting customer growth. 5. Total pretax net realized gains improved, with a notable drop in losses.

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Why Very Bullish?

The substantial increase in net income and premiums indicates strong operational performance. Historically, similar earnings reports have led to stock price surges for PGR.

How important is it?

The earnings results are critical indicators of PGR's financial health, influencing investor confidence significantly.

Why Short Term?

Immediate investor reactions are likely due to recent earnings releases. Short-term trends often follow strong financial results.

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ALLHIGTRVCNAMET
MAYFIELD VILLAGE, OHIO, May 21, 2025 (GLOBE NEWSWIRE) -- The Progressive Corporation (NYSE:PGR) today reported the following results for the month ended April 30, 2025:  April(millions, except per share amounts and ratios; unaudited)2025 2024 ChangeNet premiums written$6,837  $6,178  11 %Net premiums earned$6,641  $5,575  19 %Net income$986  $421  134 %Per share available to common shareholders$1.68  $0.72  134 %Total pretax net realized gains (losses) on securities$(3) $(267) (99)%Combined ratio 84.9   89.0  (4.1)pts.Average diluted equivalent common shares 587.7   587.4  0 %  April 30,(thousands; unaudited)2025 2024 % ChangePolicies in Force     Personal Lines     Agency – auto10,246 8,720 18Direct – auto14,938 12,105 23Special lines6,705 6,153 9Property3,590 3,261 10Total Personal Lines35,479 30,239 17Commercial Lines1,174 1,108 6Companywide36,653 31,347 17             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. Download PDF: Progressive April 2025 Complete Earnings Release

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