Progressive (PGR) Reports January 2025 Results
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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.
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