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Progressive Reports February 2025 Results

1. PGR's net premiums written increased by 17% year-over-year. 2. Net income rose by 26%, significantly boosting shareholder returns. 3. Combined ratio improved by 4.2 points, indicating better underwriting performance. 4. Policies in force grew by 18%, showcasing strong customer acquisition. 5. PGR incurred significant pretax losses on securities, impacting overall financial health.

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$283.2803/19 08:20 AM EDTEvent Start
$275.3903/20 03:04 PM EDTLatest Updated
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Why Bullish?

PGR's strong premium growth and net income indicate robust financial health, similar to past performance spikes. Historically, such gains have positively influenced PGR’s stock price.

How important is it?

The earnings report provides critical financial metrics that can significantly impact investor sentiment and stock valuation immediately.

Why Short Term?

The immediate effects of strong earnings reports typically influence stock prices quickly, often within a few weeks.

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MAYFIELD VILLAGE, OHIO, March 19, 2025 (GLOBE NEWSWIRE) -- The Progressive Corporation (NYSE:PGR) today reported the following results for the month ended February 28, 2025:  February(millions, except per share amounts and ratios; unaudited)2025 2024 ChangeNet premiums written$6,684  $5,720 17 %Net premiums earned$6,036  $5,129 18 %Net income$928  $737 26 %Per share available to common shareholders$1.58  $1.24 28 %Total pretax net realized gains (losses) on securities$(110) $80 (238)%Combined ratio 82.6   86.8 (4.2)pts.Average diluted equivalent common shares 587.6   587.3 0 %  February(thousands; unaudited)2025 2024 % ChangePolicies in Force     Personal Lines     Agency – auto9,950 8,462 18Direct – auto14,395 11,541 25Special lines6,568 6,019 9Property3,556 3,164 12Total Personal Lines34,469 29,186 18Commercial Lines1,151 1,098 5Companywide35,620 30,284 18       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. Company Contact: Douglas S. Constantine (440) 395-3707investor_relations@progressive.com The Progressive Corporation 300 North Commons Blvd. Mayfield Village, Ohio  44143http://www.progressive.com Download PDF: Progressive February 2025 Complete Earnings Release

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