---
schema_version: "secwatch.filing_event.v1"
accession: "0000080661-25-000126"
form_type: "8-K"
ticker: "PGR"
cik: "0000080661"
company_name: "PROGRESSIVE CORP/OH/"
filed_at: "2025-10-15T23:59:59+00:00"
generated_at: "2026-05-17T03:49:15.934705+00:00"
event_type: "earnings"
sentiment: "negative"
materiality_score: 0.85
calibrated_materiality_score: 0.85
confidence: "high"
source: SEC EDGAR
---

# Progressive September net income falls 48%, books $950M Florida policyholder credit; quarterly EPS up 12%

## Summary
- September net income $305M ($0.52 EPS) vs $585M ($0.99) a year ago; combined ratio 100.4 vs 93.4.
- Recorded $950M liability for Florida personal auto policyholder credits due to statutory profit limit; reduces September earnings.
- Quarterly net income $2,615M ($4.45 EPS) up 12% YoY; net premiums earned $20.8B up 14%; combined ratio 89.5 vs 89.0.
- Policies in force grew 12% to 38.1M; personal lines agency auto up 13%, direct auto up 17%.
- YTD net income $8.4B ($14.21 diluted EPS) up 36% vs $6.1B ($10.39); total portfolio return 6.1%.

## SEC filing metadata
- accession: 0000080661-25-000126
- form_type: 8-K
- ticker: PGR
- cik: 0000080661
- company_name: PROGRESSIVE CORP/OH/
- filed_at: 2025-10-15T23:59:59+00:00
- event_type: earnings
- sentiment: negative
- materiality_score: 0.85
- calibrated_materiality_score: 0.85
- confidence: high
- sec_items: 2.02, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/80661/000008066125000126/0000080661-25-000126-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/80661/000008066125000126/pgr-20251015.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0000080661-25-000126
- JSON: https://secwatch.observer/filing/0000080661-25-000126.json
- Plain text: https://secwatch.observer/filing/0000080661-25-000126.txt

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