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Progressive Reports January 2025 Results

1. PGR reported 18% increase in net premiums written in January 2025. 2. Net income surged 59% to $1.117 billion compared to January 2024. 3. Combined ratio improved by 3.2 points to 84.1% from 87.3%. 4. Policies in force rose 18% year-over-year, indicating growth. 5. PGR continues to innovate with customer-friendly tools enhancing engagement.

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$263.9302/19 08:23 AM EDTEvent Start
$267.9402/20 03:08 PM EDTLatest Updated
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FAQ

Why Very Bullish?

The significant increase in net income and premiums suggests strong operational performance, similar to past quarterly spikes resulting in upward price trends.

How important is it?

The article reveals critical financial performance metrics that can directly elevate investor sentiment towards PGR.

Why Short Term?

Positive quarterly results often lead to immediate stock price appreciation; similar patterns observed previously.

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PGRALLTRV
MAYFIELD VILLAGE, OHIO, Feb. 19, 2025 (GLOBE NEWSWIRE) -- 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 ChangeNet 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 % ChangePolicies in Force     Personal Lines     Agency – auto9,882 8,393 18Direct – auto14,224 11,350 25Special lines6,540 5,984 9Property3,535 3,128 13Total Personal Lines34,181 28,855 18Commercial Lines1,146 1,096 5Companywide35,327 29,951 18             See Progressive’s complete monthly earnings release for additional information. About Progressive Progressive Insurance® makes it easy to understand, buy and use car insurance, home insurance, and other protection needs. Progressive offers choices so consumers can reach us however it’s most convenient for them — online at progressive.com, by phone at 1-800-PROGRESSIVE, via the Progressive mobile app, or in-person with a local agent. Progressive provides insurance for personal and commercial autos and trucks, motorcycles, boats, recreational vehicles, and homes; it is the second largest personal auto insurer in the country, a leading seller of commercial auto, motorcycle, and boat insurance, and one of the top 15 homeowners insurance carriers.  Founded in 1937, Progressive continues its long history of offering shopping tools and services that save customers time and money, like Name Your Price®, Snapshot®, and HomeQuote Explorer®. The Common Shares of The Progressive Corporation, the Mayfield Village, Ohio-based holding company, trade publicly at NYSE: PGR. Download PDF: Progressive January 2025 Complete Earnings Release

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