PROGRESSIVE CORP/OH/ FY 2025 10-K, explained in plain English
Key financials — as reported
| Total revenue | $87.7B |
| Gross margin | — not reported |
| Operating income | — not reported |
| Net income | $11.3B |
| Diluted EPS | $19.23 |
| Cash & equivalents | — not reported |
| Total assets | $123.0B |
| Long-term debt | — not reported |
Key takeaway
Progressive's Personal Lines segment, dominated by personal auto insurance, made up 87% of total net premiums written in 2025, up from 85% in 2024.
🔒 4 more takeaways in the full analysis
Beneath the surface
Dividends payable of $7.97 billion is unusually large relative to net income, reflecting Progressive's variable, performance-based annual dividend policy paid out in Q1 of the following year.
🔒 3 more insights a headline reader would miss
This is the free preview. The full analysis explains every line item above and includes 7 more findings — plus insider trades, activist stakes, and 8-K events for PGR.
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