Progressive Q4 Income Up 25%; CFO Sauerland to Retire in July

Fourth quarter 2025 net income at Progressive Corp. increased 25% compared to the same period a year ago to nearly $3 billion.

Progressive reports results monthly. Net income for December was up 22% to about $1.15 billion. Full-year net income was about $11.3 billion, up from about $8.5 billion a year ago.

The Mayfield Village, Ohio-based insurer’s Q4 2025 combined ratio was an even 88—nearly flat compared to Q4 2024’s result of 87.9. Net premiums written (NPW) in Q4 were about $21.1 billion, an increase of 10% compared to the same time period the prior year.

For the year, Progressive recorded NPW growth of 12% to about $83.2 billion, with 19% growth in the direct channel and 11% growth in the agency channel.

Progressive finished 2025 with a companywide combined ratio of 87.4. Personal lines turned in a combined ratio of 87.5 for the year.

Also on Jan. 28, Progressive announced it CFO John Sauerland will retire from the company on July 3 after 35 years with Progressive. He was CFO for the last decade.

Andrew Quigg, now the insurer’s chief strategy officer, will succeed Sauerland.

“John’s thoughtful leadership and dedication to Progressive throughout his career have been instrumental to our growth and success,” said Tricia Griffith, president and CEO. “We will miss John, but I am delighted for him as he looks ahead, and we wish him and his entire family all the best.”