Progressive August net income $1.22B, EPS $2.07, combined ratio 83.1%

PROGRESSIVE CORP/OH/

Net premiums written $7.2B (+11% YoY); net premiums earned $7.0B (+18% YoY).
Net income $1.22B vs $935M a year ago; diluted EPS $2.07 vs $1.59 (+30%).
Combined ratio improved 2.4 pts to 83.1% (82.4 personal lines, 87.5 commercial).
Policies in force 37.9M (+13% YoY); personal lines agency auto +14%, direct +18%.
Year-to-date net income $8.05B ($13.69 diluted EPS) vs $5.54B ($9.40) in 2024.

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