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Progressive Reports Q3 2024 EPS $3.97 Up From $1.89 YoY; Net Premiums Written 19.455B Vs $15.593B YoY

Benzinga ·  Oct 15 08:30

The Progressive Corporation (NYSE:PGR) today reported the following results for the month ended September 30, 2024 and the third quarter of 2024:

SeptemberQuarter
(millions, except per share amounts and ratios; unaudited) 2024 2024 2023 Change
Net premiums written$ 6,570.0$19,455.6$15,593.825 %
Net premiums earned$ 6,262.7$18,296.7$14,894.323 %
Net income$ 584.6$ 2,333.4$ 1,121.3108 %
Per share available to common shareholders$ 0.99$ 3.97$ 1.89110 %
Total pretax net realized gains (losses) on securities$ 121.2$ 287.4$ (149.0)(293)%
Combined ratio93.489.092.4(3.4)pts.
Combined ratio – prior year month89.7
Average diluted equivalent common shares587.7587.6587.50 %
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