Progressive said net premiums written for Q4 2024 rose $18,105 million, or 20%, and net income rose $2,356 million, or 19%. The combined ratio for the same quarter was 87.9, which was 0.8 points lower than 88.7 a year earlier.

1. 01

   Progressive said net premiums written for Q4 2024 rose $18,105 million, or 20%, and net income rose $2,356 million, or 19%. The combined ratio for the same quarter was 87.9, which was 0.8 points lower than 88.7 a year earlier.

2. 02

   The company said full-year 2024 net income was $8,480 million, up from $3,903 million in 2023. Diluted earnings per share were $14.40, compared with $6.58 in 2023.

3. 03

   The company said shareholders' equity was $25,591 million as of December 31, 2024, and the debt-to-total capital ratio was 21.2%. Common shares repurchased were 79, and the average cost per common share was $266.98.

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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