Net premiums written increased by 12% to $83.2 billion in 2025, following a 21% increase in 2024. Net income rose 33.3% to $11.3 billion in 2025, compared to $8.48 billion in 2024. The companywide underwriting profit margin improved to 12.6% in 2025 from 11.2% in 2024, with the combined ratio at 87.4%. Policies in force grew by 10% year-over-year, reaching 38.6 million by the end of 2025. The investment portfolio's fair value increased to $97.4 billion, generating a fully taxable equivalent (FTE) total return of 7.3% in 2025. A $1.2 billion policyholder credit expense was recorded in 2025 due to personal auto excess profits in Florida exceeding statutory limits for the 2023-2025 period. Advertising costs increased to $5.1 billion in 2025, up from $4.0 billion in 2024, to drive growth and capture consumer shopping. Employee retention rate was 90% in 2025, a 1% increase from the prior year, with 81% of open positions above entry level filled internally.