PGR Progressive Corporation
FY2025 10-K
Progressive Corporation (PGR) filed its fiscal year 2025 10-K annual report with the SEC on Mar 2, 2026. This page provides AI-powered analysis of the filing, including business overview, management discussion, risk factors, and key financial metrics from XBRL data.
AI Filing AnalysisFY2025 10-K
Business Overview
- • Personal Lines/Commercial Lines P&C insurer selling auto, property, and specialty insurance via agency and direct channels across all 50 states
- • Personal auto model 9.0 launched Q3 2025 — introduced embedded renters insurance as optional auto policy endorsement; live in 10 states representing ~25% of personal auto NPW
Management Discussion & Analysis
- • Net premiums written $83.2B, up $8.8B (+12%) YoY; net premiums earned up 15%
- • Companywide underwriting margin 12.6% vs 11.2% in 2024; Personal Lines 12.5% vs 11.4%; Commercial Lines 13.0% vs 10.6%
Risk Factors
- • Florida regulatory profit-sharing rule triggered $1.2B policyholder credit expense in 2025, adding 1.5 pts to underwriting expense ratio
- • Catastrophe exposure unhedged for personal auto/commercial auto; property reinsurance retention $200M per non-Florida event, $75M per Florida event
Financial SummaryXBRL
Revenue
$87.7B
Net Income
$11.3B
Net Margin
12.9%
ROE
37.3%
Total Assets
$123.0B
EPS (Diluted)
$19.23
Operating Cash Flow
$17.5B
Source: XBRL data from Progressive Corporation FY2025 10-K filing on SEC EDGAR. All figures in USD.
Other Progressive Corporation Annual Reports
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