The Progressive Corporation reported its financial results for April 2025, showing significant growth in several key areas compared to April 2024. Net premiums written increased by 11% to $6.837 billion, while net premiums earned grew by 19% to $6.641 billion. The company also reported a notable increase in net income, which rose by 134% to $986 million. Earnings per share available to common shareholders likewise increased by 134%, reaching $1.68. The company achieved a combined ratio of 84.9, an improvement of 4.1 percentage points from the previous year's figure of 89.0. Policies in force for personal lines saw a notable rise, with agency auto policies increasing by 18% and direct auto policies by 23%. Overall, total personal lines policies in force increased by 17% to 35,479, while commercial lines policies saw a 6% increase to 1,174. Companywide policies in force reached 36,653, marking a 17% increase from the prior year.
Disclaimer: Investing carries risk. This is not financial advice. The above content should not be regarded as an offer, recommendation, or solicitation on acquiring or disposing of any financial products, any associated discussions, comments, or posts by author or other users should not be considered as such either. It is solely for general information purpose only, which does not consider your own investment objectives, financial situations or needs. TTM assumes no responsibility or warranty for the accuracy and completeness of the information, investors should do their own research and may seek professional advice before investing.