On March 7, 2025, the Board of Directors of The Progressive Corporation (NYSE:PGR) declared a $0.10 per common share dividend, payable April 11, 2025, to shareholders of record at the close of business on April 3, 2025.

The Progressive Corporation announced the appointment of Carl G. Joyce as Vice President and Chief Accounting Officer, effective March 7, 2025. He succeeds Mariann Wojtkun Marshall in this role. Joyce, 43, has been with the company for 13 years and has served as Director of Financial Reporting – GAAP for over five years. His compensation, including salary, Gainshare target, and equity awards, will align with his seniority and responsibilities.

The company also filed financial statements and exhibits related to the appointment.

Progressive Corporation reported strong financial results for January 2025, with net premiums written increasing by 18% to $6.48 billion and net premiums earned rising by 22% to $6.59 billion. Net income reached $1.12 billion, a 59% increase from the previous year, translating to earnings of $1.90 per share, up 61%. The combined ratio improved to 84.1 from 87.3, indicating enhanced underwriting profitability.

Personal Lines policies in force grew by 18%, with agency auto increasing by 18% and direct auto by 25%. Special lines and property policies rose by 9% and 13%, respectively. The total number of policies across Personal and Commercial Lines increased by 18% to 35.33 million.

Investment income rose to $268 million from $199 million, and net realized gains on securities were $109 million, compared to $17 million in the prior year. Total revenues for January reached $7.09 billion, a 24% increase, while total expenses grew to $5.70 billion from $4.83 billion. The company's total comprehensive income was $1.28 billion, up from $813 million in January 2024.

Progressive continues to expand its presence in personal and commercial insurance across the U.S., offering auto, property, and liability coverage for individuals and businesses.