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Dec 31, 2024
Progressive Q4 2024 Earnings Report
Progressive's Q4 2024 results were reported, showcasing growth in net premiums and policies in force.
Key Takeaways
Progressive reported a net income of $942 million for December 2024, with a combined ratio of 84.1. The company experienced growth in net premiums written and earned, as well as policies in force across personal and commercial lines.
Net premiums written increased by 22% to $5.964 billion.
Net premiums earned rose by 26% to $6.717 billion.
Net income increased by 5% to $942 million, with earnings per share at $1.60.
The combined ratio was 84.1, a 0.7 percentage point increase.
Historical Earnings Impact
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Avg. Return Before/After Earnings
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