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Progressive Corporation The

PGR

Progressive Corp. plunged 4% to $271.86 after the car and residential property insurance company reported results for 2024.

Revenue increased to $75.4 billion from $62.1 billion, net income jumped to $8.5 billion from $3.9 billion, and earnings per share rose to $14.40 from $6.58 a year ago.

Revenue in the fourth quarter climbed 8% to $623.3 million from $577.4 million, net income edged up 19% to $2.36 billion from $1.99 billion, and earnings per share rose to $4.01 from $3.37 a year earlier.

During the year, the company repurchased 665,095 shares at $201.31 per share for a total worth $134 million.

The insurance company has no debt maturities until 2027.

“In 2024, we announced a $4.50 per share annual variable dividend and finished the year with a debt-to-total capital ratio of 21.2%, which is near the lower end of our historical range,” the company said in a release to investors.

During the year, the company’s investment portfolio returned 4.6%, the fixed-income return was 3.8%, and the equity portfolio returned 22.9%.
Mar 20, 2025

Progressive Corp declined 12.4% to $133.77 after the automobile insurance company reported net premium in the quarter increased 14% to $14.7 billion from $12.4 billion and combined ratio increased to 100.4 from 95.6 a yar ago.

The company swung to a profit of $345.4 million from a loss of $542.9 million and total pretax realized gain on securities increased to $126.9 million from a loss of $1.17 billion a year ago.

Jul 13, 2023

Year	Mar	Jun	Sep	Dec	Annual

2023	0.75	0.57	1.89	-	-
2022	0.52	-0.94	0.2	1.40	1.18
2021	2.51	1.34	0.19	-	5.66
2020	1.17	3.04	2.59	-	9.66
2019	1.83	1.66	1.42	-	6.72
2018	1.22	1.19	1.57	0.44	4.42
2017	0.67	0.59	0.41	0.79	2.46
2016	0.42	0.29	0.36	0.62	1.69
2015	0.46	0.54	0.49	0.54	2.03
2014	0.54	0.49	0.50	0.62	2.15
2013	0.51	0.54	0.39	0.49	1.93
2012	0.42	0.19	0.46	0.41	1.48
2011	0.55	0.38	0.24	0.42	1.59
2010	0.44	0.32	0.40	0.45	1.61
2009	0.35	0.37	0.40	0.45	1.57
2008	0.35	0.32	-1.03	0.26	-0.1
2007	0.49	0.39	0.42	0.35	1.65
2006	0.55	0.51	0.53	0.51	2.1
2005	0.51	0.49	0.38	0.36	1.74