Progressive Corporation reported July 2025 earnings with net premiums and income rising, reflecting significant growth in personal insurance policies.
Quiver AI Summary
The Progressive Corporation reported strong financial results for July 2025, with net premiums written reaching $7.057 billion, an 11% increase from the previous year, and net premiums earned rising by 15% to $6.986 billion. The company achieved a net income of $1.09 billion, up 34%, equating to $1.85 per share for common shareholders. Additionally, total pretax net realized gains on securities increased by 25% to $79 million, while the combined ratio improved to 85.3 from 88.0, reflecting better underwriting performance. The total number of policies in force increased by 14%, with significant growth in both personal and commercial lines of insurance. Progressive continues to emphasize customer convenience, offering various ways for consumers to purchase insurance.
Potential Positives
- Net income for July 2025 increased by 34% compared to July 2024, indicating strong financial performance.
- Net premiums written rose by 11% year-over-year, reflecting growth in business activity and customer acquisition.
- The combined ratio improved by 2.7 points, suggesting better efficiency and profitability in underwriting operations.
- Policies in force grew by 14% companywide, demonstrating increased customer trust and market presence.
Potential Negatives
- Despite an overall increase in net income, the combined ratio improved by only 2.7 points, indicating that there may still be inefficiencies or issues in managing claims and expenses.
- The press release may raise concerns about the sustainability of growth, as the rapid increase in net premiums written (11%) may not be indicative of long-term trends if market conditions change.
- The company reported pretax net realized gains, but any potential market volatility could pose future risks to these gains being sustained.
FAQ
What were Progressive's net premiums written for July 2025?
Progressive's net premiums written for July 2025 were $7,057 million, an 11% increase from the previous year.
How much did Progressive's net income increase this year?
Progressive's net income increased by 34%, rising to $1,090 million in July 2025 from $814 million in 2024.
What was the combined ratio for Progressive in July 2025?
The combined ratio for Progressive in July 2025 was 85.3, which is a 2.7-point improvement compared to 88.0 in 2024.
How many total personal lines policies did Progressive have in July 2025?
Progressive had a total of 36,439 personal lines policies in force as of July 31, 2025, representing a 15% increase.
Where can I find more information about Progressive's earnings?
More information about Progressive's earnings can be found in their complete monthly earnings release available on their website.
Disclaimer: This is an AI-generated summary of a press release distributed by GlobeNewswire. The model used to summarize this release may make mistakes. See the full release here.
$PGR Congressional Stock Trading
Members of Congress have traded $PGR stock 8 times in the past 6 months. Of those trades, 4 have been purchases and 4 have been sales.
Here’s a breakdown of recent trading of $PGR stock by members of Congress over the last 6 months:
- REPRESENTATIVE LISA C. MCCLAIN has traded it 2 times. They made 1 purchase worth up to $15,000 on 07/10 and 1 sale worth up to $15,000 on 07/16.
- REPRESENTATIVE JEFFERSON SHREVE sold up to $100,000 on 05/12.
- REPRESENTATIVE JOSH GOTTHEIMER sold up to $15,000 on 04/09.
- REPRESENTATIVE JULIE JOHNSON has traded it 2 times. They made 1 purchase worth up to $15,000 on 02/24 and 1 sale worth up to $15,000 on 04/07.
- REPRESENTATIVE BYRON DONALDS has traded it 2 times. They made 2 purchases worth up to $30,000 on 03/20 and 0 sales.
To track congressional stock trading, check out Quiver Quantitative's congressional trading dashboard.
$PGR Insider Trading Activity
$PGR insiders have traded $PGR stock on the open market 25 times in the past 6 months. Of those trades, 0 have been purchases and 25 have been sales.
Here’s a breakdown of recent trading of $PGR stock by insiders over the last 6 months:
- JOHN P SAUERLAND (VP and Chief Financial Officer) has made 0 purchases and 7 sales selling 68,206 shares for an estimated $18,225,497.
- SUSAN PATRICIA GRIFFITH (President and CEO) sold 30,660 shares for an estimated $7,423,298
- PATRICK K CALLAHAN (Personal Lines President) has made 0 purchases and 2 sales selling 10,901 shares for an estimated $2,815,074.
- KAREN BAILO (Commercial Lines President) sold 8,922 shares for an estimated $2,223,719
- LORI A NIEDERST (CRM President) sold 8,063 shares for an estimated $2,017,201
- JOHN JO MURPHY (Claims President) has made 0 purchases and 2 sales selling 6,218 shares for an estimated $1,594,334.
- JONATHAN S. BAUER (Chief Investment Officer) has made 0 purchases and 3 sales selling 5,314 shares for an estimated $1,420,111.
- STEVEN BROZ (Chief Information Officer) has made 0 purchases and 3 sales selling 3,801 shares for an estimated $995,519.
- STUART B BURGDOERFER sold 3,681 shares for an estimated $958,642
- ANDREW J QUIGG (Chief Strategy Officer) sold 3,191 shares for an estimated $795,324
- DYKE KAHINA VAN sold 2,490 shares for an estimated $691,398
- DEVIN C JOHNSON sold 400 shares for an estimated $110,016
- CARL G JOYCE (Chief Accounting Officer) sold 360 shares for an estimated $99,419
To track insider transactions, check out Quiver Quantitative's insider trading dashboard.
$PGR Hedge Fund Activity
We have seen 966 institutional investors add shares of $PGR stock to their portfolio, and 860 decrease their positions in their most recent quarter.
Here are some of the largest recent moves:
- BLACKROCK, INC. removed 5,020,583 shares (-9.5%) from their portfolio in Q2 2025, for an estimated $1,339,792,779
- GAMMA INVESTING LLC removed 3,033,130 shares (-99.6%) from their portfolio in Q2 2025, for an estimated $809,421,071
- FMR LLC added 2,838,026 shares (+24.4%) to their portfolio in Q2 2025, for an estimated $757,355,618
- CAPITAL RESEARCH GLOBAL INVESTORS added 2,796,421 shares (+46.2%) to their portfolio in Q2 2025, for an estimated $746,252,908
- ALLIANCEBERNSTEIN L.P. added 2,709,417 shares (+32.8%) to their portfolio in Q2 2025, for an estimated $723,035,020
- JPMORGAN CHASE & CO removed 2,665,941 shares (-14.8%) from their portfolio in Q2 2025, for an estimated $711,433,015
- CAPITAL INTERNATIONAL INVESTORS added 2,229,521 shares (+41.1%) to their portfolio in Q2 2025, for an estimated $594,969,974
To track hedge funds' stock portfolios, check out Quiver Quantitative's institutional holdings dashboard.
$PGR Analyst Ratings
Wall Street analysts have issued reports on $PGR in the last several months. We have seen 6 firms issue buy ratings on the stock, and 0 firms issue sell ratings.
Here are some recent analyst ratings:
- Jefferies issued a "Buy" rating on 08/11/2025
- BMO Capital issued a "Outperform" rating on 07/18/2025
- B of A Securities issued a "Buy" rating on 07/17/2025
- Wells Fargo issued a "Overweight" rating on 06/20/2025
- JP Morgan issued a "Overweight" rating on 04/08/2025
- Roth MKM issued a "Buy" rating on 02/25/2025
To track analyst ratings and price targets for $PGR, check out Quiver Quantitative's $PGR forecast page.
$PGR Price Targets
Multiple analysts have issued price targets for $PGR recently. We have seen 12 analysts offer price targets for $PGR in the last 6 months, with a median target of $284.0.
Here are some recent targets:
- Alex Scott from Barclays set a target price of $281.0 on 08/19/2025
- Matthew Heimermann from Citigroup set a target price of $312.0 on 08/13/2025
- Yaron Kinar from Jefferies set a target price of $287.0 on 08/11/2025
- Bob Huang from Morgan Stanley set a target price of $265.0 on 08/11/2025
- Brian Meredith from UBS set a target price of $268.0 on 07/21/2025
- Michael Zaremski from BMO Capital set a target price of $281.0 on 07/18/2025
- Meyer Shields from Keefe, Bruyette & Woods set a target price of $268.0 on 07/17/2025
Full Release
MAYFIELD VILLAGE, OHIO, Aug. 20, 2025 (GLOBE NEWSWIRE) -- The Progressive Corporation (NYSE:PGR) today reported the following results for the month ended July 31, 2025:
| July | |||||||||
| (millions, except per share amounts and ratios; unaudited) | 2025 | 2024 | Change | ||||||
| Net premiums written | $ | 7,057 | $ | 6,378 | 11 | % | |||
| Net premiums earned | $ | 6,986 | $ | 6,066 | 15 | % | |||
| Net income | $ | 1,090 | $ | 814 | 34 | % | |||
| Per share available to common shareholders | $ | 1.85 | $ | 1.38 | 34 | % | |||
| Total pretax net realized gains (losses) on securities | $ | 79 | $ | 63 | 25 | % | |||
| Combined ratio | 85.3 | 88.0 | (2.7 | ) | pts. | ||||
| Average diluted equivalent common shares | 588.2 | 587.7 | 0 | % | |||||
| July 31, | |||||
|
(thousands; unaudited)
|
2025 | 2024 | % Change | ||
| Policies in Force | |||||
| Personal Lines | |||||
| Agency – auto | 10,510 | 9,127 | 15 | ||
| Direct – auto | 15,392 | 12,881 | 19 | ||
| Special lines | 6,915 | 6,391 | 8 | ||
| Property | 3,622 | 3,379 | 7 | ||
| Total Personal Lines | 36,439 | 31,778 | 15 | ||
| Commercial Lines | 1,194 | 1,120 | 7 | ||
| Companywide | 37,633 | 32,898 | 14 | ||
See Progressive’s complete monthly earnings release for additional information.
About Progressive
Progressive Insurance ® makes it easy to understand, buy and use car insurance , home insurance , and other protection needs. Progressive offers choices so consumers can reach us however it’s most convenient for them — online at progressive.com , by phone at 1-800-PROGRESSIVE, via the Progressive mobile app, or in-person with a local agent.
Progressive provides insurance for personal and commercial autos and trucks, motorcycles, boats, recreational vehicles, and homes; it is the second largest personal auto insurer in the country, a leading seller of commercial auto, motorcycle , and boat insurance, and one of the top 15 homeowners insurance carriers.
Founded in 1937, Progressive continues its long history of offering shopping tools and services that save customers time and money, like Name Your Price ® , Snapshot ® , and HomeQuote Explorer ® .
The Common Shares of The Progressive Corporation, the Mayfield Village, Ohio-based holding company, trade publicly at NYSE: PGR.
Company Contact:
Douglas S. Constantine
(440) 395-3707
[email protected]
The Progressive Corporation
300 North Commons Blvd.
Mayfield Village, Ohio 44143
http://www.progressive.com
Download PDF: Progressive July 2025 Complete Earnings Release
