{"id":794815,"date":"2024-12-13T08:34:29","date_gmt":"2024-12-13T13:34:29","guid":{"rendered":"https:\/\/www.marketnewsdesk.com\/index.php\/progressive-reports-november-2024-results\/"},"modified":"2024-12-13T08:34:29","modified_gmt":"2024-12-13T13:34:29","slug":"progressive-reports-november-2024-results","status":"publish","type":"post","link":"https:\/\/www.marketnewsdesk.com\/index.php\/progressive-reports-november-2024-results\/","title":{"rendered":"Progressive Reports November 2024 Results"},"content":{"rendered":"
\n

MAYFIELD VILLAGE, OHIO, Dec. 13, 2024 (GLOBE NEWSWIRE) — The Progressive Corporation (NYSE:PGR) today reported the following results for the month ended November\u00a030, 2024:<\/p>\n\n\n\n\n\n\n\n\n\n\n
\u00a0<\/td>\nNovember<\/td>\n<\/tr>\n
(millions, except per share amounts and ratios; unaudited)<\/td>\n\u00a0<\/td>\n2024<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n2023<\/td>\n\u00a0<\/td>\nChange<\/td>\n<\/tr>\n
Net premiums written<\/td>\n$<\/td>\n5,563.3<\/td>\n\u00a0<\/td>\n$<\/td>\n4,725.1<\/td>\n\u00a0<\/td>\n18<\/td>\n\u00a0<\/td>\n%<\/td>\n<\/tr>\n
Net premiums earned<\/td>\n$<\/td>\n6,040.4<\/td>\n\u00a0<\/td>\n$<\/td>\n5,079.0<\/td>\n\u00a0<\/td>\n19<\/td>\n\u00a0<\/td>\n%<\/td>\n<\/tr>\n
Net income<\/td>\n$<\/td>\n1,005.8<\/td>\n\u00a0<\/td>\n$<\/td>\n680.6<\/td>\n\u00a0<\/td>\n48<\/td>\n\u00a0<\/td>\n%<\/td>\n<\/tr>\n
Per share available to common shareholders<\/td>\n$<\/td>\n1.71<\/td>\n\u00a0<\/td>\n$<\/td>\n1.15<\/td>\n\u00a0<\/td>\n48<\/td>\n\u00a0<\/td>\n%<\/td>\n<\/tr>\n
Total pretax net realized gains (losses) on securities<\/td>\n$<\/td>\n175.7<\/td>\n\u00a0<\/td>\n$<\/td>\n246.5<\/td>\n\u00a0<\/td>\n(29<\/td>\n)<\/td>\n%<\/td>\n<\/tr>\n
Combined ratio<\/td>\n\u00a0<\/td>\n85.6<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n91.1<\/td>\n\u00a0<\/td>\n(5.5<\/td>\n)<\/td>\npts.<\/td>\n<\/tr>\n
Average diluted equivalent common shares<\/td>\n\u00a0<\/td>\n587.7<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n587.6<\/td>\n\u00a0<\/td>\n0<\/td>\n\u00a0<\/td>\n%<\/td>\n<\/tr>\n<\/table>\n

\n \n <\/p>\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n
\u00a0<\/td>\nNovember 30,<\/td>\n<\/tr>\n
(thousands; unaudited)<\/td>\n2024<\/td>\n\u00a0<\/td>\n2023<\/td>\n\u00a0<\/td>\n% Change<\/td>\n<\/tr>\n
Policies in Force<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n<\/tr>\n
Personal Lines<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n<\/tr>\n
Agency \u2013 auto<\/td>\n9,700.5<\/td>\n\u00a0<\/td>\n8,312.4<\/td>\n\u00a0<\/td>\n17<\/td>\n<\/tr>\n
Direct \u2013 auto<\/td>\n13,863.6<\/td>\n\u00a0<\/td>\n11,129.5<\/td>\n\u00a0<\/td>\n25<\/td>\n<\/tr>\n
Total personal auto<\/td>\n23,564.1<\/td>\n\u00a0<\/td>\n19,441.9<\/td>\n\u00a0<\/td>\n21<\/td>\n<\/tr>\n
Total special lines<\/td>\n6,516.4<\/td>\n\u00a0<\/td>\n5,965.3<\/td>\n\u00a0<\/td>\n9<\/td>\n<\/tr>\n
Total Personal Lines<\/td>\n30,080.5<\/td>\n\u00a0<\/td>\n25,407.2<\/td>\n\u00a0<\/td>\n18<\/td>\n<\/tr>\n
Total Commercial Lines<\/td>\n1,143.6<\/td>\n\u00a0<\/td>\n1,104.7<\/td>\n\u00a0<\/td>\n4<\/td>\n<\/tr>\n
Total Property business<\/td>\n3,515.1<\/td>\n\u00a0<\/td>\n3,070.9<\/td>\n\u00a0<\/td>\n14<\/td>\n<\/tr>\n
Companywide Total<\/td>\n34,739.2<\/td>\n\u00a0<\/td>\n29,582.8<\/td>\n\u00a0<\/td>\n17<\/td>\n<\/tr>\n
\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n<\/tr>\n<\/table>\n

\n
See Progressive\u2019s complete monthly earnings release, including the \u201cMonthly Commentary,\u201d for additional information.<\/p>\n

\n
\n About Progressive<\/u>
\n <\/strong>\n <\/p>\n

Progressive Insurance\u00ae<\/sup>\u00a0makes it easy to understand, buy and use\u00a0car insurance<\/u><\/a>, home insurance<\/u><\/a>, and other protection needs.\u00a0Progressive\u00a0offers\u00a0choices\u00a0so consumers can reach us however it\u2019s most convenient for them \u2014 online at progressive.com<\/u><\/a>, by phone at\u00a01-800-PROGRESSIVE, via the Progressive mobile app, or in-person with a local agent.<\/p>\n

Progressive\u00a0provides insurance for personal and commercial autos and trucks, motorcycles, boats, recreational vehicles, and homes; it\u00a0is the second largest personal auto insurer in the country, a leading seller of commercial<\/u><\/a> auto,\u00a0motorcycle<\/u><\/a>,\u00a0and boat<\/u><\/a> insurance, and one of the top 15 homeowners insurance carriers.\u00a0<\/p>\n

Founded in 1937, Progressive continues its long history of offering shopping tools and services that save customers time and money, like Name Your Price\u00ae<\/sup>, Snapshot\u00ae<\/sup>, and HomeQuote Explorer\u00ae<\/sup>.<\/p>\n

The Common Shares of The Progressive Corporation, the Mayfield Village, Ohio-based holding company, trade publicly at NYSE: PGR.<\/p>\n

\n Company Contact:<\/strong>
\n
Douglas S. Constantine
(440) 395-3707
investor_relations@progressive.com<\/a><\/u><\/p>\n

The Progressive Corporation
300 North Commons Blvd.
Mayfield Village, Ohio 44143
http:\/\/www.progressive.com<\/a><\/u><\/p>\n

Download PDF:\u00a0Progressive November 2024 Complete Earnings Release<\/a><\/p>\n

\"\"
\n
\n \"\"\n <\/div>\n

<\/div>\n","protected":false},"excerpt":{"rendered":"

MAYFIELD VILLAGE, OHIO, Dec. 13, 2024 (GLOBE NEWSWIRE) — The Progressive Corporation (NYSE:PGR) today reported the following results for the month ended November\u00a030, 2024: \u00a0 November (millions, except per share amounts and ratios; unaudited) \u00a0 2024 \u00a0 \u00a0 2023 \u00a0 Change Net premiums written $ 5,563.3 \u00a0 $ 4,725.1 \u00a0 18 \u00a0 % Net premiums earned $ 6,040.4 \u00a0 $ 5,079.0 \u00a0 19 \u00a0 % Net income $ 1,005.8 \u00a0 $ 680.6 \u00a0 48 \u00a0 % Per share available to common shareholders $ 1.71 \u00a0 $ 1.15 \u00a0 48 \u00a0 % Total pretax net realized gains (losses) on securities $ 175.7 \u00a0 $ 246.5 \u00a0 (29 ) % Combined ratio \u00a0 85.6 \u00a0 \u00a0 91.1 \u00a0 (5.5 ) pts. Average … <\/p>\n

Continue reading “Progressive Reports November 2024 Results”<\/span><\/a><\/p>\n","protected":false},"author":2,"featured_media":0,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[],"tags":[],"class_list":["post-794815","post","type-post","status-publish","format-standard","hentry"],"yoast_head":"\nProgressive Reports November 2024 Results - Market Newsdesk<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/www.marketnewsdesk.com\/index.php\/progressive-reports-november-2024-results\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Progressive Reports November 2024 Results - Market Newsdesk\" \/>\n<meta property=\"og:description\" content=\"MAYFIELD VILLAGE, OHIO, Dec. 13, 2024 (GLOBE NEWSWIRE) — The Progressive Corporation (NYSE:PGR) today reported the following results for the month ended November\u00a030, 2024: \u00a0 November (millions, except per share amounts and ratios; unaudited) \u00a0 2024 \u00a0 \u00a0 2023 \u00a0 Change Net premiums written $ 5,563.3 \u00a0 $ 4,725.1 \u00a0 18 \u00a0 % Net premiums earned $ 6,040.4 \u00a0 $ 5,079.0 \u00a0 19 \u00a0 % Net income $ 1,005.8 \u00a0 $ 680.6 \u00a0 48 \u00a0 % Per share available to common shareholders $ 1.71 \u00a0 $ 1.15 \u00a0 48 \u00a0 % Total pretax net realized gains (losses) on securities $ 175.7 \u00a0 $ 246.5 \u00a0 (29 ) % Combined ratio \u00a0 85.6 \u00a0 \u00a0 91.1 \u00a0 (5.5 ) pts. 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