Progressive (PGR) Posts 353% Net Income Surge in May Report

The Progressive Corporation (NYSE:PGR) is one of the 10 undervalued blue chip stocks analysts recommend for smart investing. On June 18, the company released the financial report for May 2025, and the numbers are exhilarating. The company’s net income posted astronomical growth, climbing by 353% to $1.065 billion compared to the same month last year.

Progressive (PGR) Posts 353% Net Income Surge in May Report

A business executive reviewing insurance policy documents with a customer.

Earnings per share (EPS) available to common shareholders increased by 352%, reaching $1.81. Other figures that posted significant growth (compared to the same month last year) include net premiums written (up 11% to $6.634 billion), and net premiums earned (up 15% to $6.715 billion). Also, pretax net realized gains on securities jumped by 79% to $211 million.

According to the company, the key driver of this growth was the increase in the total policies in force across personal and commercial lines. They grew by 16% to 37 million as of May 31, 2025.

The Progressive Corporation (NYSE:PGR) is a Mayfield Village, Ohio-headquartered property and casualty insurance company. The company operates in the US and Canada, offering personal and commercial auto insurance, homeowners and renters insurance, and specialty lines like motorcycle, RV, and boat coverage.

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