Progressive Reports January 2025 Results
Rhea-AI Summary
Progressive (NYSE:PGR) has released its financial results for January 2025. The company, which is the second largest personal auto insurer in the United States, provides insurance services across multiple segments including personal and commercial vehicles, motorcycles, boats, recreational vehicles, and homes.
Progressive offers various customer-centric tools and services such as Name Your Price®, Snapshot®, and HomeQuote Explorer®, allowing customers to access their services through multiple channels including online, phone, mobile app, or in-person through local agents.
Positive
- Second largest personal auto insurer in the US
- Leading position in commercial auto, motorcycle, and boat insurance
- Among top 15 homeowners insurance carriers
Negative
- None.
News Market Reaction
On the day this news was published, PGR gained 2.16%, reflecting a moderate positive market reaction.
Data tracked by StockTitan Argus on the day of publication.
MAYFIELD VILLAGE, OHIO, Feb. 19, 2025 (GLOBE NEWSWIRE) -- The Progressive Corporation (NYSE:PGR) today reported the following results for the month ended January 31, 2025:
| January | |||||||||
| (millions, except per share amounts and ratios; unaudited) | 2025 | 2024 | Change | ||||||
| Net premiums written | $ | 6,481 | $ | 5,496 | 18 | % | |||
| Net premiums earned | $ | 6,586 | $ | 5,386 | 22 | % | |||
| Net income | $ | 1,117 | $ | 701 | 59 | % | |||
| Per share available to common shareholders | $ | 1.90 | $ | 1.18 | 61 | % | |||
| Total pretax net realized gains (losses) on securities | $ | 109 | $ | 17 | NM | ||||
| Combined ratio | 84.1 | 87.3 | (3.2 | ) | pts. | ||||
| Average diluted equivalent common shares | 587.7 | 587.3 | 0 | % | |||||
| NM = Not Meaningful | |||||||||
| January 31, | |||||
| (thousands; unaudited) | 2025 | 2024 | % Change | ||
| Policies in Force | |||||
| Personal Lines | |||||
| Agency – auto | 9,882 | 8,393 | 18 | ||
| Direct – auto | 14,224 | 11,350 | 25 | ||
| Special lines | 6,540 | 5,984 | 9 | ||
| Property | 3,535 | 3,128 | 13 | ||
| Total Personal Lines | 34,181 | 28,855 | 18 | ||
| Commercial Lines | 1,146 | 1,096 | 5 | ||
| Companywide | 35,327 | 29,951 | 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 January 2025 Complete Earnings Release
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