Progressive reports July earnings with 34% net income increase

The Progressive Corporation (NYSE: PGR) reported net income of $1.09 billion for July 2025, representing a 34% increase from $814 million in the same month last year, according to the company's monthly earnings statement.

Net premiums written rose 11% to $7.06 billion compared to $6.38 billion in July 2024. Net premiums earned increased 15% to $6.99 billion from $6.07 billion in the prior year period.

Earnings per share available to common shareholders reached $1.85, up 34% from $1.38 in July 2024. The company's combined ratio improved to 85.3 from 88.0 in the same month last year.

Progressive's total policies in force grew 14% to 37.6 million as of July 31, 2025, compared to 32.9 million a year earlier. Personal lines policies increased 15% to 36.4 million, while commercial lines policies rose 7% to 1.2 million.

Within personal lines, direct auto policies grew 19% to 15.4 million and agency auto policies increased 15% to 10.5 million. Special lines policies rose 8% to 6.9 million and property policies increased 7% to 3.6 million.

The company reported pretax net realized gains on securities of $79 million, up 25% from $63 million in July 2024. Average diluted equivalent common shares remained flat at 588.2 million.

Progressive is based in Mayfield Village, Ohio, and provides personal and commercial auto insurance, as well as other property coverage.

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