Progressive Corporation reported its financial results for November 2025. Net premiums written increased by 11% to $6.19 billion compared to $5.56 billion in November 2024. Net premiums earned rose 14% to $6.89 billion from $6.04 billion the previous year. Net income decreased by 5% to $958 million, down from $1.01 billion in November 2024. Earnings per share available to common shareholders also declined by 5% to $1.63, compared to $1.71 in the prior year period. The combined ratio was 87.1, up from 85.6 a year earlier. Policies in force for personal lines grew 11% to 37.2 million, with agency auto policies increasing by 10% and direct auto policies by 14%. Special lines and property policies rose by 7% and 4%, respectively. Commercial lines policies in force increased by 5% to 1.2 million. Companywide, total policies in force reached 38.4 million, representing an 11% increase year-over-year.
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