earnings
confidence high
sentiment positive
materiality 0.70
Progressive posts July net income $1.09B (+34%), combined ratio 85.3%, policies up 14%
PROGRESSIVE CORP/OH/
2025-Q2 EPS
reported $9.77
vs consensus $4.47
▲ beat
(+118.5%)
- Net income $1.09B (+34% YoY); diluted EPS $1.85 vs $1.38.
- Combined ratio improved 2.7 pts to 85.3% from 88.0%.
- Net premiums written $7.06B (+11%); earned $6.99B (+15%).
- Policies in force 37.6M, up 14% YoY; agency auto +15%, direct auto +19%.
- YTD net income $6.83B vs $4.60B; diluted EPS $11.62 vs $7.80.