Progressive said it reported net premiums written of $5,563.3 million (up 18%), net premiums earned of $6,040.4 million (up 19%) and net income of $1,005.8 million (up 48%) for the month of November 2024.

1. 01

   Progressive said it reported net premiums written of $5,563.3 million (up 18%), net premiums earned of $6,040.4 million (up 19%) and net income of $1,005.8 million (up 48%) for the month of November 2024.

2. 02

   The company said its combined ratio for November 2024 was 85.6, down 5.5 points from 91.1 in the same month a year earlier. It also said the Companywide GAAP loss/LAE ratio was 64.9 and the expense ratio was 20.7.

3. 03

   As previously disclosed, the company said its Board of Directors declared an annual common share dividend of $4.50 per share and a quarterly common share dividend of $0.10 per share in December 2024. The company said both dividends are payable on January 16, 2025 to shareholders of record at the close of business on January 9, 2025.

Analysis scope · Filing body and confirmed press-release exhibitWe analyzed the filing body and confirmed exhibits. This is not a review of other exhibits, investor presentations or the full earnings call. Some paragraphs were omitted because their support in the source could not be confirmed.

AI summarized the filing and translated the summary into English; it may differ from the original. For reference only, not investment advice. AI translated the published Korean report into English. Figures are copied as filed, not recalculated.

Original filing

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