earnings
confidence high
sentiment positive
materiality 0.65
Progressive Q2 net income $3.18B ($5.40 diluted EPS), combined ratio improves to 86.2%
PROGRESSIVE CORP/OH/
2025-Q2 EPS
reported $9.77
vs consensus $4.47
▲ beat
(+118.5%)
- Net income for Q2 2025 reached $3.18B, up 118% YoY; diluted EPS $5.40 vs $2.48.
- Companywide combined ratio improved to 86.2% from 91.9% a year ago; net catastrophe losses 3.2% of NPE in June, half from Texas storms.
- Net premiums written grew 15% to $6.6B in June ($20.1B in Q2, +12%); policies in force totaled 37.3M, up 15%.
- Personal Lines direct auto policies in force up 21% to 15.2M; Commercial Lines policies up 6% to 1.19M.
- Book value per share $55.62; trailing 12-month ROE (net income) 37.7%; June share repurchases: 14,367 shares at avg $272.