From GlobeNewswire:

The Progressive Corporation reported strong financial results for February 2024, with net premiums written at $5,720.5 million and net income at $737.1 million, resulting in earnings per share available to common shareholders of $1.24. The combined ratio for the current year was at 86.8, improving from 95.1 the previous year.

Progressive recently aligned its monthly accounting closing calendar with the Gregorian calendar, not expecting a material impact on underwriting results. However, year-over-year comparisons from October 2023 to September 2024 may be affected. Despite this modification, key policy numbers showed growth, with total personal auto policies increasing by 7%.

Founded in 1937, Progressive Corporation is a leading provider of auto, home, and commercial insurance. As the second-largest personal auto insurer in the country, the company offers a variety of coverage options for different types of vehicles and properties. With innovative tools like Name Your Price and Snapshot, Progressive focuses on saving customers time and money.



Read more at GlobeNewswire:: Progressive Reports February 2024 Results