Progressive Corp.

Strong Financial Performance: In 2025, Progressive reported nearly $13 billion in comprehensive income, achieving a comprehensive return on equity of 40%. The company added nearly $9 billion in net premiums written and approximately 3.7 million new policies, resulting in a total market share increase to around 18.5% in the private passenger auto market. This notable growth followed a successful year in 2024.

Operational Efficiency Focus: Progressive aims to operate with less than or equal to a 96 combined ratio while providing high-quality customer service. Strong underwriting discipline remains a key driver of success, allowing significant profits even amidst challenging market conditions.

Flexible Capital Allocation: The company has a variable dividend policy that enables it to return capital to shareholders based on current capital levels and future growth expectations. A dividend of $13.50 per share was declared, alongside plans for increased share buybacks due to favorable share prices. This reflects a strong capital generation position with $13 billion held at year-end 2025.