Progressive said it reported net premiums earned of $6,641 million for April 2025, net income of $986 million in April 2024 ($421 million), and a combined ratio of 84.9 in April 2024 (89.0).

8-KRegulation FD DisclosureFiled May 21, 2025Period of report May 21, 2025Summary published (UTC) Oct 14, 2026

Key points

AI summary

Progressive said it reported net premiums earned of $6,641 million for April 2025, net income of $986 million in April 2024 ($421 million), and a combined ratio of 84.9 in April 2024 (89.0).
The company said year-to-date net income through April 30, 2025 was $3,553 million ($2,752 million in 2024 over the same period), with net premiums written of $26,050 million. Its year-to-date combined ratio was 85.7, and its year-to-date diluted earnings per share were $6.05.
Progressive reported shareholders’ equity of $30,314 million, debt of $6,894 million, and a debt-to-total capital ratio of 18.5% as of April 30, 2025. The company said it repurchased 9,183 common shares at an average cost of $267.93 per share.

Summary

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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.

Progressive’s April Results: Net Income of $986 million

Progressive said it reported net premiums earned of $6,641 million for April 2025, net income of $986 million in April 2024 ($421 million), and a combined ratio of 84.9 in April 2024 (89.0).

Source · Based on the filing body and exhibits

Year-to-Date Net Income Through April 30 of $3,553 million

The company said year-to-date net income through April 30, 2025 was $3,553 million ($2,752 million in 2024 over the same period), with net premiums written of $26,050 million. Its year-to-date combined ratio was 85.7, and its year-to-date diluted earnings per share were $6.05.

Source · Based on the filing body and exhibits

Shareholders’ Equity and Debt as of April Month-End

Progressive reported shareholders’ equity of $30,314 million, debt of $6,894 million, and a debt-to-total capital ratio of 18.5% as of April 30, 2025. The company said it repurchased 9,183 common shares at an average cost of $267.93 per share.

Source · Based on the filing body and exhibits

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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