Progressive Reports October 2024 Results
November 15 2024 - 8:07AM
The Progressive Corporation (NYSE:PGR) today reported the following
results for the month ended October 31, 2024:
|
|
October |
|
(millions, except per share amounts and ratios; unaudited) |
|
2024 |
|
|
|
2023 |
|
|
Change |
|
Net premiums written |
$ |
6,577.8 |
|
|
$ |
5,528.8 |
|
|
19 |
% |
| Net
premiums earned |
$ |
6,387.0 |
|
|
$ |
5,383.2 |
|
|
19 |
% |
| Net
income |
$ |
408.2 |
|
|
$ |
406.0 |
|
|
1 |
% |
|
Per share available to common shareholders |
$ |
0.69 |
|
|
$ |
0.68 |
|
|
1 |
% |
| Total
pretax net realized gains (losses) on securities |
$ |
(88.0 |
) |
|
$ |
(87.1 |
) |
|
1 |
% |
| Combined
ratio |
|
94.1 |
|
|
|
91.7 |
|
|
2.4 |
pts. |
|
Average diluted equivalent common shares |
|
587.7 |
|
|
|
587.6 |
|
|
0 |
% |
|
|
October 31, |
|
(thousands; unaudited) |
2024 |
|
2023 |
|
% Change |
| Policies
in Force |
|
|
|
|
|
| Personal
Lines |
|
|
|
|
|
|
Agency – auto |
9,580.9 |
|
8,336.4 |
|
15 |
|
Direct – auto |
13,653.0 |
|
11,142.2 |
|
23 |
|
Total personal auto |
23,233.9 |
|
19,478.6 |
|
19 |
|
Total special lines |
6,504.4 |
|
5,964.4 |
|
9 |
| Total
Personal Lines |
29,738.3 |
|
25,443.0 |
|
17 |
| Total
Commercial Lines |
1,140.7 |
|
1,108.5 |
|
3 |
| Total
Property business |
3,485.3 |
|
3,046.2 |
|
14 |
|
Companywide Total |
34,364.3 |
|
29,597.7 |
|
16 |
|
|
|
|
|
|
|
See Progressive’s complete monthly earnings release, including
the “Monthly Commentary,” 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)
395-3707investor_relations@progressive.com
The Progressive Corporation 300 North Commons Blvd.Mayfield
Village, Ohio 44143http://www.progressive.com
Download PDF: Progressive October 2024 Complete Earnings
Release
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