Progressive Reports January 2025 Results

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