The Progressive Corporation reported financial results for July 2025 that showed continued growth in premiums, earnings and policies in force, compared with the same period a year earlier.
Net premiums written totaled $7.06 billion for the month, up 11% from $6.38 billion in July 2024. Net premiums earned were $6.99 billion, compared with $6.07 billion a year earlier, a 15% increase.
Meanwhile, net income rose 34% year over year to $1.09 billion, while earnings per share available to common shareholders increased to $1.85 from $1.38. Progressive also reported $79 million in pretax net realized gains on securities, up from $63 million in the prior-year month.
The combined ratio, a key measure of underwriting profitability, was 85.3, an improvement from 88.0 in July 2024. The decline reflected stronger performance across core business lines.
Meanwhile, policy growth continued to support topline expansion. Total policies in force reached 37.63 million at the end of July, up 14% from 32.90 million a year earlier. Personal lines accounted for 36.44 million policies, a 15% increase. Direct auto rose 19% to 15.39 million, agency auto climbed 15% to 10.51 million, special lines grew 8% to 6.92 million, and property was up 7% to 3.62 million. Commercial lines policies increased 7% year over year to 1.19 million.
Progressive’s performance is broadly in line with trends across the US property and casualty sector. In the second quarter of 2025, Travelers reported net written premiums of $11.54 billion, up 4%, with a combined ratio of 90.3. Chubb posted $12.39 billion in net premiums written, a 5% increase, and a P&C combined ratio of 85.6. The Hartford saw 8% premium growth, with a business insurance combined ratio of 87.0, while Allstate reported underwriting income of $1.28 billion, driven by an auto combined ratio of 86.0 but offset by a homeowners’ ratio above 100.
Compared with these peers, Progressive’s July results show stronger premium growth and competitive underwriting margins, underscoring the company’s position among the largest US personal and commercial auto insurers.
