Progressive (PGR) Reports October 2024 Results
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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.
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