Progressive reports April net income $420.3M, combined ratio 89.0%, policies up 7% YoY

PROGRESSIVE CORP/OH/

2024-Q1 EPS reported $3.94 revenue$17,242,500,000

Net premiums written $6.18B; net premiums earned $5.58B for April 2024.
Combined ratio improved to 89.0% from 97.9% in prior-year April.
Net income $420.3M ($0.72 diluted EPS); comprehensive loss $193.2M due to unrealized losses on fixed-maturity securities.
Total policies in force 31.35M, up 7% YoY; Personal Lines auto policies up 7%.
April 2023 had 35 days vs 30 days in 2024; policies in force is better monthly growth measure.

This headline and bullets were generated automatically by deepseek-v4-flash:cloud@v2 from the public filing. Read the source on SEC.gov before relying on any specific claim. Not investment advice. See methodology for how this pipeline works.