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 (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.