Progressive Reports September 2024 EPS $0.99; Net Premiums Written $6.57B

Benzinga · 10/15 12:30

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

 

September Quarter
(millions, except per share amounts and ratios; unaudited)  2024  2024  2023  Change  
Net premiums written $     6,570.0 $ 19,455.6 $ 15,593.8 25 %    
Net premiums earned $     6,262.7 $ 18,296.7 $ 14,894.3 23 %    
Net income $        584.6 $     2,333.4 $     1,121.3 108 %    
  Per share available to common shareholders $          0.99 $          3.97 $          1.89 110 %    
Total pretax net realized gains (losses) on securities $        121.2 $        287.4 $      (149.0 ) (293)%  
Combined ratio 93.4 89.0 92.4 (3.4)pts.          
Combined ratio – prior year month 89.7                
Average diluted equivalent common shares 587.7 587.6 587.5 0 %