1. Progressive's net premiums written increased to $6,193 million, up 11%. 2. Net income decreased to $958 million, down 5% from last year. 3. Combined ratio rose to 87.1, indicating lower underwriting profitability. 4. Net earned premiums rose by 14% compared to last year. 5. The number of policies in force grew by 11% across personal lines.
FAQ
Why Bullish?
Despite a decline in net income, the increase in premiums and policies indicates growth potential. Similar past growth metrics often resulted in positive stock trends.
How important is it?
The earnings report reflects critical performance metrics that can guide investor sentiment. Significant growth in net premiums and policies may attract buyers.
Why Short Term?
Immediate financial performance suggests positive momentum, likely affecting price swiftly. Previous quarterly reports with similar outcomes have driven short-term price increases.
MAYFIELD VILLAGE, OHIO, Dec. 17, 2025 (GLOBE NEWSWIRE) -- The Progressive Corporation (NYSE:PGR) today reported the following results for the month ended November 30, 2025:
| November | |||||||||
| (millions, except per share amounts and ratios; unaudited) | 2025 | 2024 | Change | ||||||
| Net premiums written | $ | 6,193 | $ | 5,563 | 11 | % | |||
| Net premiums earned | $ | 6,894 | $ | 6,040 | 14 | % | |||
| Net income | $ | 958 | $ | 1,006 | (5 | ) | % | ||
| Per share available to common shareholders | $ | 1.63 | $ | 1.71 | (5 | ) | % | ||
| Total pretax net realized gains (losses) on securities | $ | 32 | $ | 175 | (82 | ) | % | ||
| Combined ratio | 87.1 | 85.6 | 1.5 | pts. | |||||
| Average diluted equivalent common shares | 588.0 | 587.7 | 0 | % | |||||
| November 30, | |||||
| (thousands; unaudited) | 2025 | 2024 | % Change | ||
| Policies in Force | |||||
| Personal Lines | |||||
| Agency – auto | 10,713 | 9,700 | 10 | ||
| Direct – auto | 15,856 | 13,864 | 14 | ||
| Special lines | 6,992 | 6,516 | 7 | ||
| Property | 3,657 | 3,515 | 4 | ||
| Total Personal Lines | 37,218 | 33,595 | 11 | ||
| Commercial Lines | 1,196 | 1,144 | 5 | ||
| Companywide | 38,414 | 34,739 | 11 | ||
See Progressive's complete monthly earnings release, including the "Monthly Commentary," 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 November 2025 Complete Earnings Release
