Property damage and collision claim frequencies rose in the 2% to 4% range through the first nine months of 2026, while severity on those coverages increased in the 0% to 3% range. GEICO’s pre-tax underwriting earnings fell to $982 million in the third quarter of 2026, down $791 million, or 44.6%, from $1.773 billion in […]
Progressive Prepares for AI Agent Shopping as Competition Slows Its Growth
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 […]
GEICO Second-Quarter Underwriting Earnings Fall 45.4% as Claim Frequency Increases Accelerate
Property damage and collision claim frequencies rose in the 3% to 5% range through the first six months of 2026, widening the reversal that began in the first quarter. GEICO’s pre-tax underwriting earnings fell to $994 million in the second quarter of 2026, down $827 million, or 45.4%, from $1.821 billion in the second quarter […]
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 […]
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. […]
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 […]
GEICO First-Quarter Underwriting Earnings Fall 34.8% as Claim Frequency Declines Reverse
Private passenger auto claim frequencies and severity climbed across all coverages in the first quarter, reversing recent favorable trends. GEICO’s pre-tax underwriting earnings fell to $1.416 billion in the first quarter of 2026, down $757 million, or 34.8%, from $2.173 billion in the first quarter of 2025, Berkshire Hathaway disclosed in its quarterly report filed […]
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