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 […]
GEICO Reports $11.1 Billion Premiums Written in Second Quarter
Premiums written up 5.2% in Q2, 5.9% for first half. Loss ratio improves despite increased claim severity. Berkshire Hathaway reported its second quarter 2025 earnings on Saturday, August 2, providing details on its GEICO subsidiary—the third-largest private passenger auto insurer in the U.S. GEICO’s pre-tax underwriting earnings reached $1.821 billion in the second quarter of […]
Progressive Reports Personal Auto Policies in Force Set New Record in June
Auto policies were up over 19% from June 2024. Quarter ending combined ratio down nearly 6 points year-over-year. The Progressive Corporation (NYSE: PGR) reported its total personal auto insurance policies in force were 25,668,000 in June, an increase of 4,126,400 or 19.2% from 21,541,600 in June 2024. The June total personal auto policies in force […]
Progressive Reports Personal Auto Policies in Force Up 19.7% in May Compared to 2024
Premiums written up 11% year-over-year. The Progressive Corporation (NYSE: PGR) reported its total personal auto insurance policies in force were 25,430,000 in May 2025, an increase of 4,177,900 or 19.7% from 21,252,100 in May 2024. The May total personal auto policies in force set a new record for the company. The growth in Progressive’s policies […]
GEICO Reports $11.5 Billion Premiums Written in First Quarter
Written premiums up over 6%. Collision claims frequency down 6-9 percent in quarter compared to 2024. Berkshire Hathaway reported its 2024 earnings on May 3, providing details on its GEICO subsidiary—the third-largest private passenger auto insurer in the U.S. GEICO’s pre-tax underwriting earnings climbed to $2.173 billion in the first quarter of 2025, up $245 […]
Progressive Reports Personal Auto Policies in Force Up 21.9% in March Compared to 2024
Premiums written up 17% year-over-year in March. The Progressive Corporation (NYSE: PGR) reported its total personal auto insurance policies in force were 24,917,000 in March 2025, an increase of 4,468,700 or 21.9% from 20,448,000 in March 2024. The March total personal auto policies in force set a new record for the company. The growth in […]
U.S. Property Casualty Insurance Industry Reports $170 Billion Net Income in 2024
Verisk and APCIA report that investment gains and pricing in 2024 offset some impacts driven by severe catastrophic events. Verisk (NASDAQ: VRSK), the global data analytics and technology provider, and The American Property Casualty Insurance Association (APCIA), the primary national trade association for home, auto and business insurers, reported full-year 2024 net income for the […]
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 […]
US Property/Casualty Industry Swings to Underwriting Profit of $22.9 Billion in 2024
Result marks first gain in four years. The U.S. property/casualty (P/C) industry recorded a $22.9 billion net underwriting gain in 2024, signifying the segment’s first underwriting profit since 2020, and marking a substantial swing from the $21.3 billion loss recorded in the prior year, according to a new AM Best report. These preliminary results are […]
Progressive Reports Personal Auto Policies in Force Up Nearly 17% in September
Premiums written up 25% in the third quarter year-over-year. The Progressive Corporation (NYSE: PGR) reported its total personal auto insurance policies in force were 22,803,500 in September an increase of 3,285,900 or 16.8% from 19,517,600 in September 2023. September was also up from 21,541,600 personal auto policies in June at the end of the second […]
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