Is Progressive Stock Still Worth Buying Post Q4 Earnings?

The Progressive Corporation (PGR) reported solid fourth-quarter 2024 results, wherein both the top and bottom lines increased year over year. Net premiums written improved 20%, driven by the strong performance of operating businesses.Combined ratio — the percentage of premiums paid out as claims and expenses — improved 80 basis points (bps) from the prior-year quarter’s level to 87.9%.PGR is one of the country’s largest auto insurance groups, the largest seller of motorcycle and boat policies, the market le ...