The Progressive Corporation reported robust financial performance for the second quarter of 2025, with sales rising 15.7% year-over-year to $20.99 billion. The company's GAAP profit of $5.40 per share exceeded analysts' consensus estimates by 14.8%.
For the first half of 2025, Progressive's revenue increased to $42.413 billion, up from $35.377 billion a year ago. Net income for the half-year reached $5.742 billion, a significant rise from $3.790 billion in the prior year, with basic earnings per share at $9.80.
The second-quarter profit more than doubled, primarily boosted by strong performance in its personal lines insurance business. This sustained profitability and growth underscore the effectiveness of Progressive's underwriting and market strategies.
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