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Largest US personal-auto insurer; direct/data-driven Snapshot telematics; pristine combined ratio (~87% 2025) through cycles. ~$75B 2024 revenue.
Quarterly combined ratio (losses + expenses divided by net premiums earned). Under 100% means profitable underwriting. Progressive's target is 96% or better; they routinely beat it by 4-10 points.
Q1 2022 — Q1 2026
Source: Progressive monthly and quarterly earnings releases (10-Q filings) (Updated: 2026-Q1)
Auto policies-in-force at year-end, split between Direct (online/phone) and Agency channels. Direct has overtaken Agency as the larger channel since 2017. Numbers in millions of policies.
FY 2020 — FY 2025
Source: Progressive annual reports / 10-K filings, personal lines segment data (Updated: 2025-FY)
Quarterly breakdown of revenue by product line and service category
2021-Q2 — 2026-Q1
Data from SEC filings via FMP • 62 periods available