Progressive Reports March 2025 Results
Progressive (NYSE:PGR) has released its financial results for March 2025, showing mixed performance. Net premiums written increased by 17% to $9,041 million in March 2025, while net premiums earned grew 20% to $6,787 million. However, net income declined 42% to $522 million compared to March 2024.
The company's combined ratio deteriorated to 90.9 from 84.3 year-over-year. Total policies in force grew 18% companywide to 36,292 thousand, with notable growth in Direct auto (25%) and Agency auto (18%) segments. The company experienced pretax net realized losses on securities of $211 million, compared to gains of $59 million in the previous year.
Progressive (NYSE:PGR) ha pubblicato i risultati finanziari di marzo 2025, evidenziando una performance mista. I premi netti sottoscritti sono aumentati del 17%, raggiungendo 9.041 milioni di dollari a marzo 2025, mentre i premi netti guadagnati sono cresciuti del 20% a 6.787 milioni di dollari. Tuttavia, l'utile netto è diminuito del 42%, attestandosi a 522 milioni di dollari rispetto a marzo 2024.
Il rapporto combinato della società è peggiorato, passando da 84,3 a 90,9 su base annua. Il numero totale di polizze in vigore è cresciuto del 18% a livello aziendale, raggiungendo 36.292 mila, con una crescita significativa nei segmenti Auto Diretta (25%) e Auto Agenzia (18%). L'azienda ha registrato perdite nette realizzate ante imposte su titoli per 211 milioni di dollari, rispetto a guadagni di 59 milioni dell'anno precedente.
Progressive (NYSE:PGR) ha publicado sus resultados financieros de marzo de 2025, mostrando un desempeño mixto. Las primas netas suscritas aumentaron un 17% hasta 9.041 millones de dólares en marzo de 2025, mientras que las primas netas devengadas crecieron un 20% hasta 6.787 millones de dólares. Sin embargo, el ingreso neto disminuyó un 42% hasta 522 millones de dólares en comparación con marzo de 2024.
El ratio combinado de la compañía se deterioró a 90,9 desde 84,3 interanual. El total de pólizas vigentes creció un 18% en toda la empresa hasta 36.292 mil, con un crecimiento notable en los segmentos de Auto Directo (25%) y Auto Agencia (18%). La compañía experimentó pérdidas netas realizadas antes de impuestos en valores por 211 millones de dólares, en comparación con ganancias de 59 millones el año anterior.
Progressive (NYSE:PGR)는 2025년 3월 재무 실적을 발표하며 혼재된 성과를 보였습니다. 2025년 3월 순보험료 인수액은 17% 증가하여 90억 4,100만 달러를 기록했으며, 순보험료 수익은 20% 증가한 67억 8,700만 달러였습니다. 그러나 순이익은 2024년 3월 대비 42% 감소한 5억 2,200만 달러에 그쳤습니다.
회사의 결합비율은 전년 동기 대비 84.3에서 90.9로 악화되었습니다. 전체 보험 계약 수는 회사 전체적으로 18% 증가하여 3,629만 2천 건에 달했으며, 자동차 직접판매 부문은 25%, 대리점 자동차 부문은 18%의 유의미한 성장을 보였습니다. 회사는 전년도의 5,900만 달러 이익과 달리 2억 1,100만 달러의 세전 순실현 손실을 기록했습니다.
Progressive (NYSE:PGR) a publié ses résultats financiers pour mars 2025, affichant une performance mitigée. Les primes nettes souscrites ont augmenté de 17% pour atteindre 9 041 millions de dollars en mars 2025, tandis que les primes nettes acquises ont progressé de 20% pour s’établir à 6 787 millions de dollars. Cependant, le résultat net a diminué de 42% à 522 millions de dollars par rapport à mars 2024.
Le ratio combiné de la société s’est détérioré, passant de 84,3 à 90,9 en glissement annuel. Le nombre total de polices en vigueur a augmenté de 18% à l’échelle de l’entreprise, atteignant 36 292 milliers, avec une croissance notable dans les segments Auto Direct (25%) et Auto Agence (18%). La société a subi des pertes nettes réalisées avant impôts sur titres de 211 millions de dollars, contre des gains de 59 millions l’année précédente.
Progressive (NYSE:PGR) hat seine Finanzergebnisse für März 2025 veröffentlicht und zeigt eine gemischte Entwicklung. Die netto gezeichneten Prämien stiegen im März 2025 um 17% auf 9.041 Millionen US-Dollar, während die netto verdienten Prämien um 20% auf 6.787 Millionen US-Dollar zunahmen. Der Nettogewinn sank jedoch im Vergleich zu März 2024 um 42% auf 522 Millionen US-Dollar.
Die kombinierte Schaden-Kosten-Quote des Unternehmens verschlechterte sich von 84,3 auf 90,9 im Jahresvergleich. Die Gesamtzahl der laufenden Policen stieg unternehmensweit um 18% auf 36.292 Tausend, mit bemerkenswertem Wachstum in den Segmenten Direkt-Auto (25%) und Agentur-Auto (18%). Das Unternehmen verzeichnete vor Steuern einen Nettoverlust aus realisierten Wertpapieren von 211 Millionen US-Dollar, verglichen mit Gewinnen von 59 Millionen im Vorjahr.
- Net premiums written increased 17% to $9,041 million
- Net premiums earned grew 20% to $6,787 million
- Total policies in force increased 18% companywide
- Strong Direct auto insurance growth of 25%
- Quarter net income grew 10% to $2,567 million
- Monthly net income declined 42% to $522 million
- Combined ratio deteriorated to 90.9 from 84.3
- Pretax net realized losses on securities of $211 million
- Earnings per share decreased 42% to $0.89
Insights
Progressive's March 2025 results present a mixed financial picture with strong top-line growth but concerning monthly profitability metrics. The 17% year-over-year increase in net premiums written and 20% growth in net premiums earned demonstrate Progressive's continued market share expansion in a competitive insurance landscape.
The quarterly performance shows encouraging resilience with net income up 10% to
The combined ratio - the critical profitability metric for insurers - tells an important story. While the quarterly ratio held relatively steady at 86.0 (improved by 0.1 points), March's 6.6-point deterioration suggests potential cost pressures or increased claims severity affecting recent underwriting performance.
Policy growth remains impressive across all segments, particularly in Direct Auto (
The
Progressive's Q1 2025 results reveal robust premium growth but with emerging profitability concerns. The company delivered
However, March's standalone performance raises red flags. Despite continued premium expansion, net income plunged
The investment portfolio produced
Policy growth remains impressive across all segments. Progressive now serves 36.3 million policies, an
Progressive's ability to maintain double-digit premium and policy growth while producing a sub-90 combined ratio for the quarter shows fundamental operational strength, but March's weaker metrics bear watching as potential early indicators of cost pressures or pricing challenges that could impact future quarters if the trend continues.
MAYFIELD VILLAGE, OHIO, April 16, 2025 (GLOBE NEWSWIRE) -- The Progressive Corporation (NYSE:PGR) today reported the following results for the month and quarter ended March 31, 2025:
| March | Quarter | |||||||||||||||||||
| (millions, except per share amounts and ratios; unaudited) | 2025 | 2024 | Change | 2025 | 2024 | Change | ||||||||||||||
| Net premiums written | $ | 9,041 | $ | 7,746 | 17 | % | $ | 22,206 | $ | 18,962 | 17 | % | ||||||||
| Net premiums earned | $ | 6,787 | $ | 5,634 | 20 | % | $ | 19,409 | $ | 16,149 | 20 | % | ||||||||
| Net income | $ | 522 | $ | 893 | (42 | ) | % | $ | 2,567 | $ | 2,331 | 10 | % | |||||||
| Per share available to common shareholders | $ | 0.89 | $ | 1.52 | (42 | ) | % | $ | 4.37 | $ | 3.94 | 11 | % | |||||||
| Total pretax net realized gains (losses) on securities | $ | (211 | ) | $ | 59 | (458 | ) | % | $ | (212 | ) | $ | 156 | (236 | ) | % | ||||
| Combined ratio | 90.9 | 84.3 | 6.6 | pts. | 86.0 | 86.1 | (0.1 | ) | pts. | |||||||||||
| Average diluted equivalent common shares | 587.7 | 587.4 | 0 | % | 587.7 | 587.3 | 0 | % | ||||||||||||
| March 31, | |||||
| (thousands; unaudited) | 2025 | 2024 | % Change | ||
| Policies in Force | |||||
| Personal Lines | |||||
| Agency – auto | 10,146 | 8,593 | 18 | ||
| Direct – auto | 14,771 | 11,855 | 25 | ||
| Special lines | 6,637 | 6,076 | 9 | ||
| Property | 3,576 | 3,209 | 11 | ||
| Total Personal Lines | 35,130 | 29,733 | 18 | ||
| Commercial Lines | 1,162 | 1,101 | 6 | ||
| Companywide | 36,292 | 30,834 | 18 | ||
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
investor_relations@progressive.com
The Progressive Corporation
300 North Commons Blvd.
Mayfield Village, Ohio 44143
http://www.progressive.com
Download PDF: Progressive March 2025 Complete Earnings Release
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