---
schema_version: "secwatch.filing_event.v1"
accession: "0000080661-25-000020"
form_type: "8-K"
ticker: "PGR"
cik: "0000080661"
company_name: "PROGRESSIVE CORP/OH/"
filed_at: "2025-04-16T23:59:59+00:00"
generated_at: "2026-05-23T14:06:29.214031+00:00"
event_type: "earnings"
sentiment: "negative"
materiality_score: 0.75
calibrated_materiality_score: 0.75
confidence: "high"
source: SEC EDGAR
---

# Progressive March net income drops 42% YoY; Q1 EPS $4.37; combined ratio 90.9

## Summary
- March net income $522M (-42% YoY); EPS $0.89 (-42% YoY).
- Q1 net premiums written $22.2B (+17% YoY); net premiums earned $19.4B (+20% YoY).
- Q1 combined ratio 86.0%, flat YoY; March combined ratio 90.9% vs 84.3% (6.6 pts worse).
- Policies in force up 18% YoY to 36.3M; personal auto direct +25%, agency +18%.
- Total portfolio FTE return +0.2% for month; pretax investment book yield 4.3%.

## SEC filing metadata
- accession: 0000080661-25-000020
- form_type: 8-K
- ticker: PGR
- cik: 0000080661
- company_name: PROGRESSIVE CORP/OH/
- filed_at: 2025-04-16T23:59:59+00:00
- event_type: earnings
- sentiment: negative
- materiality_score: 0.75
- calibrated_materiality_score: 0.75
- confidence: high
- sec_items: 2.02, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/80661/000008066125000020/0000080661-25-000020-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/80661/000008066125000020/pgr-20250416.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0000080661-25-000020
- JSON: https://secwatch.observer/filing/0000080661-25-000020.json
- Plain text: https://secwatch.observer/filing/0000080661-25-000020.txt

This AI-assisted summary is a reading aid. Review the linked SEC EDGAR filing before relying on any specific claim.