The Progressive Corporation
As of Fiscal Year 2025 (ended December 31, 2025)
Key KPIs at a Glance
| Metric | Value |
|---|---|
| Total net premiums written (FY2025) | $83.17 billion, up 12% year-over-year (vs. $74.42 billion in FY2024) |
| Total net premiums earned (FY2025) | $81.66 billion, up 15% year-over-year (vs. $70.80 billion in FY2024) |
| Net income (FY2025) | $11.31 billion, up 25% year-over-year (vs. $8.48 billion in FY2024) |
| Combined ratio (FY2025) | 87.4%, vs. 87.9% in FY2024 (lower is better) |
| Net catastrophe loss ratio (FY2025) | 1.8% of net premiums earned |
| Total policies in force (as of 12/31/2025) | 38.62 million, up 10% year-over-year (vs. 34.95 million at 12/31/2024) |
| Personal Lines policies in force (12/31/2025) | 37.43 million (up 11% YoY) |
| Commercial Lines policies in force (12/31/2025) | 1.19 million (up 4% YoY) |
| Employees (as of 12/31/2025) | Approximately 70,000, per FY2025 Form 10-K |
| U.S. private passenger auto insurer ranking | #1 by premiums for the trailing 12 months ended March 2026 (surpassed State Farm's group by more than $1.57 billion in private auto premiums written); third-party estimate, S&P Global Market Intelligence, May 2026 -- no specific market-share percentage disclosed |
Sources: All premium, income, combined ratio, policies-in-force, and employee figures are company-disclosed, sourced from The Progressive Corporation's 'Reports December 2025 Results' earnings release (SEC Form 8-K, Exhibit 99.1, filed ~Jan 2026, covering full-year 2025 vs. full-year 2024) and its 2025 Form 10-K, plus prior-year earnings releases (Dec 2022, Dec 2023 releases) for the FY2021-FY2023 net premiums written history used in the growth chart. The segment pie splits Personal Lines into its Agency and Direct vehicle businesses (as itemized in the release) and treats Property as its own reportable segment separate from Personal Lines vehicles, consistent with Progressive's three reportable segments (Personal Lines, Commercial Lines, Property); the three slices sum to $83.171B vs. the company's disclosed total net premiums written of $83.174B, an immaterial ~$3M gap (rounding/other). Segment-level pretax underwriting income could not be confidently sourced for the Property segment specifically and was therefore omitted rather than guessed. The U.S. auto insurer market-position statement is a third-party estimate from S&P Global Market Intelligence (May 2026 analysis of trailing-twelve-month private auto premiums), not a company-disclosed figure, and no single specific market-share percentage was found, only that Progressive's TTM premiums surpassed State Farm's by over $1.57 billion.