The Progressive Corporation (PGR) Reports Jan 2025 Results

The Progressive Corporation (NYSE:PGR) is one of the Best Dip Stocks to Buy According to Hedge Funds. On February 18, The Progressive Corporation (NYSE:PGR) reported its January 2026 results. The company grew its net premiums written by 4% year-over-year to $6.735 billion and net premiums earned by 5% to $6.921 billion. The total net income for the month came in at $1.163 billion, reflecting 4% increase year-over-year.

​The pretax net realized gains on securities totaled $103 million for the month, reflecting 6% year-over-year decline from January 2025. Moreover, the total policies in force expanded 10% to 38.75 million from 35.23 million, driven by double-digit gains in agency auto, which grew 10% to $10.855 billion, and direct auto, which grew 14% to $16.164 billion.

Following the announcement, on February 19, Bank of America Securities lowered the price target on The Progressive Corporation (NYSE:PGR) from $329 to $315 and maintained a Buy rating on the stock. The firm noted that the company missed the net investment income forecasts of $322 million. Although this only reflects a $0.03 per share EPS headwind, the firm lowered its core EPS forecasts for PGR.

The Progressive Corporation (PGR) Reports Jan 2025 Results

Insurance house, car and family health live concept. The insurance agent presents the toys that symbolize the coverage.

​The Progressive Corporation (NYSE:PGR) is a major American insurance holding company, recognized as the second-largest personal auto insurer and a top commercial auto insurer. It provides insurance for personal/commercial autos, motorcycles, boats, RVs, and homes directly to consumers and via agents.

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Disclosure: None. This article is originally published at Insider Monkey.