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Progressive Reports March 2025 Results

1. PGR's net premiums written increased 17% to $9.041 billion in March. 2. Net income dropped 42% to $522 million compared to March 2024. 3. Combined ratio worsened to 90.9 from 84.3, indicating higher expenses. 4. Total policies in force grew 18%, showing increased customer acquisition. 5. Per share earnings fell 42% to $0.89, signaling profitability concerns.

Earnings
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-1.73%S&P 500
$276.1104/16 08:28 AM EDTEvent Start
$268.2704/17 03:01 PM EDTLatest Updated
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FAQ

Why Bearish?

The drops in net income and per share earnings signal potential profitability issues. Historical performance indicates price decline following significant earnings drops.

How important is it?

The significant changes in net income and earnings per share are critical for investor sentiment.

Why Short Term?

Immediate effects due to earnings reports often impact stock prices rapidly, as seen in past quarters.

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AIGALLCNATRV
MAYFIELD VILLAGE, OHIO, April 16, 2025 (GLOBE NEWSWIRE) -- The Progressive Corporation (NYSE:PGR) today reported the following results for the month and quarter ended March 31, 2025:  MarchQuarter(millions, except per share amounts and ratios; unaudited) 2025   2024 Change 2025   2024 ChangeNet premiums written$9,041  $7,746 17 %$22,206  $18,962 17 %Net premiums earned$6,787  $5,634 20 %$19,409  $16,149 20 %Net income$522  $893 (42)%$2,567  $2,331 10 %Per share available to common shareholders$0.89  $1.52 (42)%$4.37  $3.94 11 %Total pretax net realized gains (losses) on securities$(211) $59 (458)%$(212) $156 (236)%Combined ratio 90.9   84.3 6.6 pts. 86.0   86.1 (0.1)pts.Average diluted equivalent common shares 587.7   587.4 0 % 587.7   587.3 0 %  March 31,(thousands; unaudited)2025 2024 % ChangePolicies in Force     Personal Lines     Agency – auto10,146 8,593 18Direct – auto14,771 11,855 25Special lines6,637 6,076 9Property3,576 3,209 11Total Personal Lines35,130 29,733 18Commercial Lines1,162 1,101 6Companywide36,292 30,834 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. Download PDF: Progressive March 2025 Complete Earnings Release

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