secwatch.observer — SEC 8-K summary
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Issuer:     PROGRESSIVE CORP/OH/ (PGR)
CIK:        0000080661
Form:       8-K
Filed at:   2025-12-17T23:59:59+00:00
Accession:  0000080661-25-000142
Event type: earnings
Sentiment:  negative
Materiality: 0.75
Item codes: 7.01, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

Progressive November net income down 5% to $958M; combined ratio 87.1 vs 85.6
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- Net premiums written $6.19B, +11% YoY; net premiums earned $6.89B, +14%.
- Diluted EPS $1.63 vs $1.71, -5%; total pretax realized gains fell 82% to $32M.
- Combined ratio 87.1, worsened 1.5 pts from 85.6; loss/LAE ratio 66.0.
- Policies in force 38.4M, +11% YoY; Personal Lines agency auto +10%, direct auto +14%.
- Board declared annual dividend of $13.50/share and quarterly $0.10, payable Jan 8, 2026.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/80661/000008066125000142/0000080661-25-000142-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/80661/000008066125000142/pgr-20251217.htm
  HTML page:      https://secwatch.observer/filing/0000080661-25-000142

License: Source filings: public domain (SEC EDGAR). Summaries (headline + bullets): CC-BY-4.0; attribute https://secwatch.observer