Progressive(US:PGR) Globenewswireยท2025-10-15 12:16Core Insights - Progressive Corporation reported a significant increase in policies in force across personal and commercial lines, indicating strong growth in its insurance business [1][4]. Group 1: Financial Performance - For the month ended September 30, 2025, net premiums written reached $7,128 million, an 8% increase from $6,570 million in 2024 [4]. - Net premiums earned for the same month were $6,827 million, up 9% from $6,263 million in 2024 [4]. - The company reported a net income of $305 million, a decrease of 48% compared to $585 million in 2024 [4]. - Earnings per share available to common shareholders fell to $0.52, down 48% from $0.99 in the previous year [4]. - The combined ratio for the month was 100.4, an increase of 7.0 points from 93.4 in 2024, indicating a decline in underwriting profitability [4]. Group 2: Policies in Force - Total personal lines policies in force increased to 36,880 thousand, a 13% rise from 32,738 thousand in 2024 [1]. - Agency auto policies grew by 13% to 10,630 thousand, while direct auto policies saw a 17% increase to 15,619 thousand [1]. - Special lines and property policies also experienced growth, with increases of 8% and 6%, respectively [1]. - Commercial lines policies in force rose by 6% to 1,198 thousand [1].