Auto policies were up over 16% in August compared to last year. The Progressive Corporation (NYSE: PGR) reported its total personal auto insurance policies in force were 26,099,000 in August, an increase of 3,689,100 or 16.5% from 22,409,900 in August 2024. The August total personal auto policies in force set another new record for the […]
Strong US Property/Casualty Insurance Underwriting Profitability in First Half of 2025 to Continue
Fitch Ratings reports private passenger auto direct loss ratio down 6.3 points, tariffs could impact severity in second half of year. The U.S. Property Casualty (P/C) insurance industry reported very strong results for in the first half of 2025 (1H25), with a statutory combined ratio of 96.4%, down 1.2 percentage points year over year (YoY) […]
Progressive Reports Personal Auto Policies in Force Set New Record in July
Auto policies were up by over 19% from July 2024. The Progressive Corporation (NYSE: PGR) reported its total personal auto insurance policies in force were 25,902,000 in July, an increase of 3,893,700 or 17.7% from 22,008,300 in July 2024. The July total personal auto policies in force set another new record for the company, continuing […]
Personal Auto Insurance Underwriting Results Best Since Pandemic
Insurance Information Institute reports 2024 personal auto combined ratio outperformed broader property-casualty insurance. Report examines correlation between new vehicle and parts inflation to premium increases. The United States personal auto insurance industry achieved its strongest underwriting performance in the post-pandemic era, recording a net combined ratio of 95.3 in 2024, according to a new Issues […]
Travelers Insurance Reports Improved First Quarter Personal Auto Performance as Combined Ratio Declines
Travelers Insurance delivered improved results in its personal auto insurance segment for the first quarter of 2025, achieving a combined ratio of 83.4%, a significant 11.2-point improvement from 94.6% in the same period last year. The underlying combined ratio, which excludes catastrophes and prior year reserve development, showed a substantial 7.4-point improvement to 87.5% from […]
Progressive Reports Personal Auto Policies in Force Up 21.7% in February Compared to 2024
Premiums written up 17% year-over-year in February. The Progressive Corporation (NYSE: PGR) reported its total personal auto insurance policies in force were 24,345,000 in February 2025, an increase of 4,342,000 or 21.7% from 20,003,000 in February 2024. The February total personal auto policies in force set a new record for the company. The growth in […]
A.M. Best Reports U.S. Personal Auto Results Show Significant Improvement
Underwriting results in the U.S. private passenger auto insurance segment has shown further stabilization in first-half 2024 following improvements in 2023, according to a new AM Best report. Due to the improved segment performance and other factors, AM Best has revised its outlook on the personal auto segment to stable from negative. According to the […]
U.S. Auto Insurers’ Strong Performance Recovery to Continue Through 2025
Fitch Ratings says premium increases and moderating claims severity benefiting auto insurance companies. The improving, more favorable mid-year 2024 results of U.S. personal auto insurers are likely to continue through the end of 2024 and into 2025, Fitch Ratings says. Several rounds of material price increases and a moderation of claims severity trends has vastly […]
Progressive Reports Personal Auto Policies in Force Up Nearly 10% in June
Premiums written up 22% in the second quarter year-over-year. The Progressive Corporation (NYSE: PGR) reported its total personal auto insurance policies in force were 21,541,600 in June, an increase of over 1.8 million or 9.6% from 19,658,300 in June 2023. June’s policies in force represent an increase of 290,000 or 1.4% from 21,252,100 in May. […]
Triple-I Reports Personal Auto Profitability Heading in the Right Direction
Personal auto insurance underwriting profitability appears to finally be headed in a positive direction after recent years of record underwriting losses, according to the Insurance Information Institute (Triple-I). “Auto insurers’ 2023 net combined ratio of 104.9 is 7.3 points better than 2022. Additionally, 2023 net written premium growth of 14.3% is the highest in over […]