Progressive CEO to Discuss Mixed Q3 Results on Nov 4 Conference Call
Progressive, the leading insurance company, has announced that its CEO, Susan Patricia Griffith, will host a conference call on the morning of November 4 to discuss the company's recent financial results. The call comes after Progressive's stock experienced a significant decline following the release of its third-quarter earnings.
Progressive's progress in the quarter was largely driven by an increase in volume, with auto insurance performing particularly well. The company's net premiums written rose by 10% year over year to $21.4 billion. However, both net premiums written and per-share net income fell short of analyst expectations.
Despite this, Progressive's GAAP net income still rose by 12% to $2.6 billion, or $4.45 per share, in the third quarter. The number of Progressive's policies in force grew by 12% year over year in September 2025, reaching over 38 million. Management will discuss these earnings figures during the upcoming conference call.
Progressive's stock declined by nearly 6% on Wednesday following the earnings release. The S&P 500 index closed 0.4% higher on the same day. The conference call on November 4 is expected to provide more insight into the company's performance and future prospects.
