PGR Progressive Corporation

Q3 2025 10-Q

Filed: Nov 3, 2025Period ending Sep 30, 2025

Financials

Fire, Marine & Casualty InsuranceSEC EDGAR

Progressive Corporation (PGR) 10-Q quarterly report for Q3 2025, filed with SEC EDGAR on Nov 3, 2025 for the fiscal period ending Sep 30, 2025. This page provides AI-powered analysis including management discussion & analysis (MD&A), risk factor updates, and key quarterly financial data such as revenue and net income extracted from XBRL.

AI Filing Analysis
Q3 2025 10-Q

Management Discussion & Analysis

• Revenue $21.4B net premiums written in Q3 2025, +$1.9B (10%) YoY; net premiums earned +14% YoY
• Underwriting profit margin 10.5% in Q3 2025 vs 11.0% YoY; Personal Lines margin 10.5%, Commercial Lines 10.8%

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Risk Factors

• No new or changed risk factors compared to 2024 10-K
• Carried-forward legal risk: exposure to claims and lawsuits in insurance operations

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Quarterly Financial Summary
XBRL

Revenue

$22.5B

▲ +14.2% YoY▲ +2.3% QoQ

Net Income

$2.6B

▲ +12.1% YoY▼ -17.6% QoQ

Net Margin

11.6%

▼ -22bp YoY▼ -281bp QoQ

Source: XBRL data from Progressive Corporation Q3 2025 10-Q filing on SEC EDGAR. All figures in USD.

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