Progressive said net income for October 2025 was $846 million, up 107% from $408 million in the prior-year month, and net premiums earned were $7,078 million. The combined ratio was 89.7, down 4.4 pts. from 94.1 in the prior-year month.

8-KRegulation FD DisclosureFiled Nov 19, 2025Period of report Nov 19, 2025Summary published (UTC) Oct 12, 2026

Key points

AI summary

Progressive said net income for October 2025 was $846 million, up 107% from $408 million in the prior-year month, and net premiums earned were $7,078 million. The combined ratio was 89.7, down 4.4 pts. from 94.1 in the prior-year month.
The company said year-to-date net income through October January 2025 was $9,203 million, compared with $6,532 million in the prior-year period, net premiums earned were $67,646 million, and the companywide combined ratio was 87.5.
Progressive said total assets as of October 31, 2025 were $123,270 million, shareholders' equity was $36,352 million, debt was $6,897 million, and the debt-to-total capital ratio was 15.9%. It repurchased 111,240 common shares in October at an average cost of $219.47 per share.

Summary

AI-written

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.

$846 million net income for October, compared with $408 million in the prior-year month

Progressive said net income for October 2025 was $846 million, up 107% from $408 million in the prior-year month, and net premiums earned were $7,078 million. The combined ratio was 89.7, down 4.4 pts. from 94.1 in the prior-year month.

Source · Based on the filing body and exhibits

Year-to-Date January–October Net Income $9,203 million, Combined Ratio 87.5

The company said year-to-date net income through October January 2025 was $9,203 million, compared with $6,532 million in the prior-year period, net premiums earned were $67,646 million, and the companywide combined ratio was 87.5.

Source · Based on the filing body and exhibits

Financial Position as of October 31 and October Share Repurchases

Progressive said total assets as of October 31, 2025 were $123,270 million, shareholders' equity was $36,352 million, debt was $6,897 million, and the debt-to-total capital ratio was 15.9%. It repurchased 111,240 common shares in October at an average cost of $219.47 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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