Shopping activity turned negative in March even as 47.3% of policies were shopped within the previous year — the highest rate since LexisNexis began tracking in 2020. U.S. auto insurance shopping grew 3.2% year over year in the first quarter of 2026 and new policy growth slowed to 3.6%, according to data released May 12 […]
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 […]
Allstate Reports $10.2 Billion Net Income for 2025
Auto policies in force up compared to previous year. The Allstate Corporation reported fourth-quarter net income of $3.8 billion and full-year net income of $10.2 billion for 2025, more than doubling its 2024 performance while simultaneously reducing premiums for millions of auto insurance customers. The insurer reported total revenues of $17.3 billion in the fourth […]
Progressive Reports Personal Auto Policies in Force Up Over 15% in September Compared to Last Year
Auto policies in force set another new record. Combined ratio up year over year. The Progressive Corporation (NYSE: PGR) reported its total personal auto insurance policies in force were 26,299,000 in September, an increase of 3,445,600 or 15.1% from 22,803,500 in September 2024. The September total personal auto policies in force set another new record […]
Progressive Reports Personal Auto Policies in Force Continue to Set New Records
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 […]
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 […]
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 […]
US Auto Insurance Shopping Remains Strong in First Quarter, New Policy Growth Up
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 […]