By Colin Kellaher
Progressive's board approved an annual dividend of $13.50, tripling last year's $4.50 payout.
Progressive on Monday said the annual dividend, along with its regular 10-cent quarterly dividend, is payable Jan. 8 to shareholders of record Jan. 2.
Progressive in late 2018 ended its policy of paying a variable annual dividend and shifted to regular quarterly payouts, but the Mayfield Village, Ohio, insurance provider said its board would consider declaring an additional dividend at least annually.
Since then, Progressive had declared annual dividends ranging from 75 cents to $4.50 while skipping payouts in 2022 and 2023.
Progressive, which posted a 36% rise in net income to $8.36 billion for the first nine months of 2025, said its board determined the annual dividend amount based on the company's capital position and capital resources, along with its expected current and future capital needs.
With nearly 586.4 million shares outstanding, Progressive will be shelling out nearly $7.9 billion for the annual dividend.
Write to Colin Kellaher at colin.kellaher@wsj.com
(END) Dow Jones Newswires
December 08, 2025 11:40 ET (16:40 GMT)
Copyright (c) 2025 Dow Jones & Company, Inc.
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