1. PGR's net premiums written increased to $7,057 million, up 11%. 2. Net income rose by 34%, reaching $1,090 million this July. 3. PGR's combined ratio improved to 85.3, indicating better underwriting performance. 4. Policies in force grew by 14%, mainly in personal lines. 5. Earnings per share reached $1.85, signifying strong financial health.
PGR's impressive net income and premium growth suggest robust financial stability, reminiscent of past successful quarters that led to stock price increases.
The financial metrics reported are significant indicators of PGR's performance, impacting investor sentiment and stock movements directly.
The immediate positive financial metrics will likely boost investor confidence and stock price in the near term.
MAYFIELD VILLAGE, OHIO, Aug. 20, 2025 (GLOBE NEWSWIRE) -- The Progressive Corporation (NYSE:PGR) today reported the following results for the month ended July 31, 2025:
| July | |||||||||
| (millions, except per share amounts and ratios; unaudited) | 2025 | 2024 | Change | ||||||
| Net premiums written | $ | 7,057 | $ | 6,378 | 11 | % | |||
| Net premiums earned | $ | 6,986 | $ | 6,066 | 15 | % | |||
| Net income | $ | 1,090 | $ | 814 | 34 | % | |||
| Per share available to common shareholders | $ | 1.85 | $ | 1.38 | 34 | % | |||
| Total pretax net realized gains (losses) on securities | $ | 79 | $ | 63 | 25 | % | |||
| Combined ratio | 85.3 | 88.0 | (2.7 | ) | pts. | ||||
| Average diluted equivalent common shares | 588.2 | 587.7 | 0 | % | |||||
| July 31, | |||||
| (thousands; unaudited) | 2025 | 2024 | % Change | ||
| Policies in Force | |||||
| Personal Lines | |||||
| Agency – auto | 10,510 | 9,127 | 15 | ||
| Direct – auto | 15,392 | 12,881 | 19 | ||
| Special lines | 6,915 | 6,391 | 8 | ||
| Property | 3,622 | 3,379 | 7 | ||
| Total Personal Lines | 36,439 | 31,778 | 15 | ||
| Commercial Lines | 1,194 | 1,120 | 7 | ||
| Companywide | 37,633 | 32,898 | 14 | ||
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) 395-3707
investor_relations@progressive.com
The Progressive Corporation
300 North Commons Blvd.
Mayfield Village, Ohio 44143
http://www.progressive.com
Download PDF: Progressive July 2025 Complete Earnings Release
