Progressive Reports November 2024 Results

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December 13, 2024 8:31 AM EST

The Progressive Corporation (NYSE: PGR) today reported the following results for the month ended November 30, 2024:

November
(millions, except per share amounts and ratios; unaudited) 2024 2023 Change
Net premiums written$5,563.3 $4,725.1 18 %
Net premiums earned$6,040.4 $5,079.0 19 %
Net income$1,005.8 $680.6 48 %
Per share available to common shareholders$1.71 $1.15 48 %
Total pretax net realized gains (losses) on securities$175.7 $246.5 (29)%
Combined ratio 85.6 91.1 (5.5)pts.
Average diluted equivalent common shares 587.7 587.6 0 %

November 30,
(thousands; unaudited)2024 2023 % Change
Policies in Force
Personal Lines
Agency – auto9,700.5 8,312.4 17
Direct – auto13,863.6 11,129.5 25
Total personal auto23,564.1 19,441.9 21
Total special lines6,516.4 5,965.3 9
Total Personal Lines30,080.5 25,407.2 18
Total Commercial Lines1,143.6 1,104.7 4
Total Property business3,515.1 3,070.9 14
Companywide Total34,739.2 29,582.8 17


See Progressive’s complete monthly earnings release, including the “Monthly Commentary,” for additional information.


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