Insurance holding company Progressive Corporation (NYSE: PGR) has reported a sharp increase in net income for August 2025, as the company’s premiums grew in double digits.
- August 2025 net income came in at $1.22 billion, vs. $935 million in the comparable month of 2024
- On a per-share basis, earnings climbed 30% to $2.07 from $1.59 in the prior-year period
- Net premiums written were $7.2 billion during the month, compared to $6.5 billion in August last year
- Net premiums earned increased 18% to $7.04 billion from $5.97 billion a year earlier
- The company reported a combined ratio of 83.1% for August, compared to 85.5% last year
- At the end of the month, Progressive had 37.89 million policies in force, which is up 13% from the year-ago period