Progressive Reports January 2024 Results
| January | ||
| (millions, except per share amounts and ratios; unaudited) | 2024 | |
| Net premiums written | $ | 5,495.7 |
| Net premiums earned | $ | 5,386.0 |
| Net income | $ | 700.7 |
| Per share available to common shareholders | $ | 1.18 |
| Total pretax net realized gains (losses) on securities | $ | 16.6 |
| Combined ratio – current year | 87.3 | |
| – prior year | 96.0 | |
| Average diluted equivalent common shares | 587.3 | |
In
| (thousands; unaudited) | 2024 | 2023 | % Change | ||
| Policies in Force | |||||
| Personal Lines | |||||
| Agency – auto | 8,393.3 | 7,902.2 | 6 | ||
| Direct – auto | 11,350.0 | 10,430.6 | 9 | ||
| Total personal auto | 19,743.3 | 18,332.8 | 8 | ||
| Total special lines | 5,984.4 | 5,572.9 | 7 | ||
| Total Personal Lines | 25,727.7 | 23,905.7 | 8 | ||
| Total Commercial Lines | 1,095.8 | 1,053.3 | 4 | ||
| Total Property business | 3,127.9 | 2,865.0 | 9 | ||
| Companywide Total | 29,951.4 | 27,824.0 | 8 | ||
See Progressive’s complete monthly earnings release for additional information.
About Progressive
Progressive provides insurance for personal and commercial autos and trucks, motorcycles, boats, recreational vehicles, and homes; it is the second largest 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
Company Contact:
[email protected]
http://www.progressive.com
Download PDF: Progressive
Source:
Aflac Foundation Inc. extends commitment to children and families with $1.5 million donation to Aflac Cancer and Blood Disorders Center
Concert con men lied about Justin Bieber and Billie Eilish. Now they’ll face the music
Advisor News
- Financial shocks, caregiving gaps and inflation pressures persist
- Americans unprepared for increased longevity
- More investors will seek comprehensive financial planning
- Midlife planning for women: why it matters and how advisors should adapt
- Tax anxiety is real, although few have a plan to address it
More Advisor NewsAnnuity News
- LIMRA: Annuity sales notch 10th consecutive $100B+ quarter
- AIG to sell remaining shares in Corebridge Financial
- Corebridge Financial, Equitable Holdings post Q1 earnings as merger looms
- AM Best Assigns Credit Ratings to Calix Re Limited
- Transamerica introduces new RILA with optional income features
More Annuity NewsHealth/Employee Benefits News
- Southwest Washington leads state in premiums for qualified health plans and Medicaid
- Researchers at Golestan University of Medical Sciences Detail Findings in Managed Care (Shifts in Medicare Reimbursement for Common Lower Extremity Orthopaedic Trauma Procedures, 2006-2024): Managed Care
- NC House lawmakers push for better breast cancer detection
- Lincoln County Commissioners Review Insurance Increase, Approve Road Equipment Purchases
- All about AHCCCS: Navigating Arizona Medicaid's changing landscape
More Health/Employee Benefits NewsLife Insurance News
- Earnings roundup: Prudential works to save ‘unique’ Japanese market
- How life insurance became a living-benefits strategy
- Financial Focus : Keep your beneficiary choices up to date
- Equitable-Corebridge merger casts shadow over life insurance earnings
- When an MEC is an effective planning tool
More Life Insurance News