The insurer’s quarterly filing shows collision severity rose 4% in the third quarter while collision frequency fell 3%. The Progressive Corporation (NYSE: PGR) is testing agentic artificial intelligence and preparing for AI agents that shop for auto insurance on consumers’ behalf to become an important sales channel, executives said during the company’s third quarter investor […]
Personal Auto Premium Volume Forecast to Decline in 2026
Personal auto insurance net written premiums are forecast to decline 0.6% in 2026, the line’s second-lowest annual growth rate in more than 15 years behind only 2020, according to the latest members-only Insurance Economics and Underwriting Projections: A Forward View webinar from the Insurance Information Institute (Triple-I) and Milliman. The 2026 forecast is 4.6 percentage […]
Progressive Reports Personal Auto Policies in Force Up 7.4% in September Compared to 2025
While up year-over-year, the personal auto policy count declined compared to the previous month for the first time since late 2023. The Progressive Corporation (NYSE: PGR) reported its total personal auto insurance policies in force were 28,195,000 in September 2026, an increase of 1,946,000, or 7.4%, from 26,249,000 in September 2025. September extended the moderation […]
U.S. Property/Casualty Industry Nearly Triples Underwriting Income to $31.2 Billion in First Half
The U.S. property/casualty industry recorded $31.2 billion in net underwriting income in the first half of 2026, nearly three times the $10.9 billion posted in the same prior-year period, according to a new AM Best report. The industry’s combined ratio improved four points to 92.5. A combined ratio below 100 indicates an underwriting profit. Incurred […]
Progressive Says It Has Become the Largest U.S. Personal Auto Writer
The company says it captured roughly 75% of industry premium growth in 2025 and is now cutting rates across states representing 63% of its premium base as claim frequency declines. The Progressive Corporation (NYSE: PGR) has become the largest writer of U.S. personal auto insurance measured by trailing 12-month direct premiums written, Personal Lines President […]
UK Motor Insurers Forecast to Remain Loss-Making Through 2027 as Repair Costs Squeeze Margins
The UK motor insurance market is projected to post a net combined ratio of 108% in 2026, a sharp deterioration from the 102% EY estimates for 2025, with losses continuing into 2027 at a forecast 103%, according to analysis the firm released July 23. Repair, labor and vehicle costs are the primary drag on margins […]
Progressive Reports Personal Auto Policies in Force Up 8.8% in June Compared to 2025
Total policies in force top 40 million for the first time as June net income falls 31% on investment losses and a higher combined ratio. The Progressive Corporation (NYSE: PGR) reported its total personal auto insurance policies in force were 27,932,000 in June 2026, an increase of 2,264,000 or 8.8% from 25,668,000 in June 2025. […]
U.S. Property/Casualty Industry Posts $84 Billion in Underwriting Gains Across Two Years
Private passenger auto held a combined ratio well below 100 for a second straight year, while commercial auto liability absorbed another $2.0 billion in reserve deficiencies. The U.S. property/casualty insurance industry generated $84 billion in underwriting gains across the past two full calendar years, its strongest showing in a decade and a reversal of the […]
Progressive Reports Personal Auto Policies in Force Up 10.2% in April Compared to 2025
Net premiums written up 6% year over year as combined ratio deteriorates 5.3 points on spring storm losses. The Progressive Corporation (NYSE: PGR) reported its total personal auto insurance policies in force were 27,753,000 in April 2026, an increase of 2,569,000 or 10.2% from 25,184,000 in April 2025. The April figures show personal auto policy […]
Allstate Auto Insurance Underwriting Income More Than Doubles to $1.7 Billion in First Quarter
Market share increased in the quarter year-over-year. The Allstate Corp.’s auto insurance business posted underwriting income of $1.73 billion in the first quarter of 2026, up from $816 million in the prior year quarter, as the recorded combined ratio improved 9.4 points to 81.9 and policies in force grew 2.6%. Premiums written were essentially flat […]
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