The company reported net premiums written of $6,481 million, net premiums earned of $6,586 million and net income of $1,117 million for January 2025. Net income rose 59% from $701 million in the same month a year earlier.

1. 01

   The company reported net premiums written of $6,481 million, net premiums earned of $6,586 million and net income of $1,117 million for January 2025. Net income rose 59% from $701 million in the same month a year earlier.

2. 02

   Progressive said its combined ratio for January 2025 was 84.1, down 3.2 points from 87.3 in the same month a year earlier. The companywide Loss/LAE ratio was 63.8 and the expense ratio was 20.3 in the same month.

3. 03

   The company said it incurred about $43 million of catastrophe losses from the California wildfires during January 2025, with 72% of those losses occurring in its personal property products. The net catastrophe loss ratio for its Property business was 10.5.

Analysis scope · Filing body and confirmed press-release exhibitWe analyzed the filing body and confirmed exhibits. This is not a review of other exhibits, investor presentations or the full earnings call. Some paragraphs were omitted because their support in the source could not be confirmed.

AI summarized the filing and translated the summary into English; it may differ from the original. For reference only, not investment advice. AI translated the published Korean report into English. Figures are copied as filed, not recalculated.

Original filing

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