Progressive said net income for May 2025 was $1,065 million ($235 million in the same month last year), and net premiums earned rose 15% to $6,715 million ($5,857 million a year earlier). The combined ratio was 86.9, compared with 100.4 in the same month last year.

1. 01

   Progressive said net income for May 2025 was $1,065 million ($235 million in the same month last year), and net premiums earned rose 15% to $6,715 million ($5,857 million a year earlier). The combined ratio was 86.9, compared with 100.4 in the same month last year.

2. 02

   The company said year-to-date net income through May 31, 2025 was $4,618 million ($2,987 million in the same period last year), and diluted earnings per share were $7.86 ($5.06 a year earlier). For the same year-to-date period, net premiums earned were $32,765 million and the combined ratio was 86.0.

3. 03

   Progressive said shareholders' equity was $30,933 million as of May 31, 2025, and debt was $6,895 million. It reported a debt-to-total capital ratio of 18.2%. The company also said its average return on common shareholders' equity over the trailing 12 months, based on net income, was 37.6%.

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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