NU Online News Service, Feb. 16, 2:16 p.m. EST

Mayfield Village, Ohio-based auto insurer Progressive Corp. reported January results, stating that net income increased 58 percent over last year on favorable prior accident year reserve development.

For the month of January this year, Progressive said net income rose $41 million to $113 million over the prior year. That translated into a 6-cents per share earnings increase to 17 cents a share. Net premium written rose 3 percent, or $38 million to $1.38 billion.

Want to continue reading?
Become a Free PropertyCasualty360 Digital Reader

Your access to unlimited PropertyCasualty360 content isn’t changing.
Once you are an ALM digital member, you’ll receive:

  • Breaking insurance news and analysis, on-site and via our newsletters and custom alerts
  • Weekly Insurance Speak podcast featuring exclusive interviews with industry leaders
  • Educational webcasts, white papers, and ebooks from industry thought leaders
  • Critical converage of the employee benefits and financial advisory markets on our other ALM sites, BenefitsPRO and ThinkAdvisor
NOT FOR REPRINT

© 2025 ALM Global, LLC, All Rights Reserved. Request academic re-use from www.copyright.com. All other uses, submit a request to [email protected]. For more information visit Asset & Logo Licensing.