The Progressive Corporation (0KOC) Q3 2025 Earnings Call

Investor webinar replay

Replay transcript excerpt

Good morning and thank you for joining us today for Progressive Third Quarter Investor Event. I'm Doug Constantine, Treasury Controller and I'll be moderator for today's event. The company will not make detailed comments related to its results in addition to those provided in its annual report on Form 10-K, quarterly reports on Form 10-Q, and the letter to shareholders which have been posted to the company's website. Although our quarterly investor relations events often include a presentation on a specific portion of our business, We will instead use the 60-minute schedule for today's event for introductory comments by our CFO and a question-and-answer session with members of our leadership team. The introductory comments by our CFO were previously recorded. Upon completion of the previously recorded remarks, we will use the balance of the 60-minute schedule for this event for live questions and answers with members of our leadership team. As always, discussions in this event may include forward-looking statements. These statements are based on management's current expectations and are subject to many risks and uncertainties that can cause actual events and results to differ materially from those discussed during today's event. Additional information concerning those risks and uncertainties is available in our annual report on Form 10-K for the year ended December 31, 2024, as supplemented by our Form 10-Q for the first, second, and third quarters of 2025, where you will find discussions of the risk factors affecting our business, safe harbor statements related to forward-looking statements, and other discussions of the challenges we face. These documents can be found in the investor relations section of our website at investors.progressive.com. To begin today, I'm ...