Progressive Reports December 2024 Results

MAYFIELD VILLAGE, OHIO, Jan. 29, 2025 (GLOBE NEWSWIRE) -- The Progressive Corporation (NYSE:PGR) today reported the following results for the month and quarter ended December 31, 2024:

	December										Quarter
(millions, except per share amounts and ratios; unaudited)		2024				2023		Change				2024				2023		Change
Net premiums written	$	5,964			$	4,876		22		%	$	18,105			$	15,130		20		%
Net premiums earned	$	6,717			$	5,310		26		%	$	19,144			$	15,773		21		%
Net income	$	942			$	901		5		%	$	2,356			$	1,988		19		%
Per share available to common shareholders	$	1.60			$	1.53		5		%	$	4.01			$	3.37		19		%
Total pretax net realized gains (losses) on securities	$	(140	)		$	144		(197	)	%	$	(53	)		$	303		(117	)	%
Combined ratio		84.1				83.4		0.7		pts.		87.9				88.7		(0.8	)	pts.
Average diluted equivalent common shares		587.7				587.4		0		%		587.7				587.5		0		%

 

	December 31,
(thousands; unaudited)	2024		2023		% Change
Policies in Force
Personal Lines
Agency – auto	9,778		8,336		17
Direct – auto	13,996		11,190		25
Special lines	6,520		5,969		9
Property	3,517		3,096		14
Total Personal Lines	33,811		28,591		18
Commercial Lines	1,141		1,099		4
Companywide	34,952		29,690		18

See Progressive’s complete monthly earnings release for additional information.

About Progressive

Progressive Insurance^® makes it easy to understand, buy and use car insurance, home insurance, and other protection needs. Progressive offers choices so consumers can reach us however it’s most convenient for them — online at progressive.com, by phone at 1-800-PROGRESSIVE, via the Progressive mobile app, or in-person with a local agent.

Progressive provides insurance for personal and commercial autos and trucks, motorcycles, boats, recreational vehicles, and homes; it is the second largest personal auto insurer in the country, a leading seller of commercial auto, motorcycle, and boat insurance, and one of the top 15 homeowners insurance carriers. 

Founded in 1937, Progressive continues its long history of offering shopping tools and services that save customers time and money, like Name Your Price^®, Snapshot^®, and HomeQuote Explorer^®.

The Common Shares of The Progressive Corporation, the Mayfield Village, Ohio-based holding company, trade publicly at NYSE: PGR.

Company Contact:
Douglas S. Constantine
(440) 395-3707
investor_relations@progressive.com

The Progressive Corporation
300 North Commons Blvd.
Mayfield Village, Ohio  44143
http://www.progressive.com

Download PDF: Progressive December 2024 Complete Earnings Release