earnings
confidence high
sentiment positive
materiality 0.85
Progressive Q4 net income $2.36B (+19% YoY); full-year EPS $14.40, up 119%
PROGRESSIVE CORP/OH/
2024-FY EPS reported
$14.40
revenue$75,372,000,000
- December quarter net premiums written $5.96B (+22% YoY); net premiums earned $6.72B (+26%).
- Full-year net income $8.48B vs $3.90B; diluted EPS $14.40 vs $6.58.
- Q4 combined ratio improved to 87.9% from 88.7% a year ago.
- Year-end policies in force 34.95M, up 18% YoY; Personal Lines direct auto up 25%.
- Full-year investment income $2.83B (+50%); total portfolio return 4.6%.