U.S. auto insurance shopping grew 16% year-over-year in the first quarter of 2025, while new policy growth reached 8.4%, according to data released Monday by LexisNexis Risk Solutions. The figures represent a slight decline from the previous quarter but remain at elevated levels, with nearly half of all policies in force, at 46%, having been […]
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 21.9% 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 […]
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 […]
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 […]
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. […]
Progressive Personal Auto Policies in Force Up Over 6% in March Compared to 2023
Total personal auto policies in force were also up month-over-month. The Progressive Corporation (NYSE:PGR) reported its total personal auto insurance policies in force were 20,448,300 in March, an increase of over 1.2 million or 6.7% from 19,168,400 in March 2023. March’s policies in force represent an increase of 445,000 or 2.2% from 20,003,200 in February. […]
Progressive Personal Auto Policies in Force Up Over 9% in December Compared to 2022
Total personal auto policies in force were also up month-over-month. The Progressive Corporation (NYSE:PGR) reported its total personal auto insurance policies in force were 19,525,900 in December, up 84,000 or 0.4% from 19,441,900 in November. December’s policies in force represent an increase of over 1.6 million or 9.1% from 17,897,300 in December 2022. While up […]
Progressive Personal Auto Policies in Force Up Over 10% in October Compared to Last Year
Total personal auto policies in force were down month-over-month. The Progressive Corporation (NYSE:PGR) reported its total personal auto insurance policies in force were 19,479,600 in October, down 39,000 or 0.2% from 19,518,600 in September. October’s policies in force represent an increase of nearly 1.8 million or 10.2 % from 17,680,400 in October 2022. While up […]
GEICO Reports Collision Claims Severity 5-7% Higher in First Nine Months of 2023 Compared to Last Year
Frequency was down, but severity up year-to-date through third quarter. Policies in force down over 12% as company reduces advertising and focuses on profitability. Berkshire Hathaway reported its third quarter earnings, including details about its GEICO subsidiary, the third largest private passenger auto insurer in the U.S. on November 4. GEICO’s pre-tax underwriting earnings in […]