B
Progressive Direct Ins Co
Rating Date
June 2025
NAIC
Classification
Risk Adjusted
Capital Ratio #1
Risk Adjusted
Capital Ratio #2
Loss
Ratio
Total
Assets
Capital
Net
Premiums
Net
Income
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Major Rating Factors: History of adequate reserve strength (5.8 on a scale of 0 to 10) as reserves have been consistently at an acceptable level. Good liquidity (6.8) with sufficient resources (cash flows and marketable investments) to handle a spike in claims. Strong long-term capitalization index (7.4) based on excellent current risk adjusted capital (severe and moderate loss scenarios). Moreover, capital levels have been consistent in recent years.
Other Rating Factors: Excellent profitability index (9.3) with operating gains in each of the last five years. Return on equity has been excellent over the last five years averaging 22.9%. Excellent overall results on stability tests (6.9) despite. The largest net exposure for one risk is acceptable at 2.1% of capital.
Stability Factors: T - Significant trends in critical asset, liability, income or expense items.
Principal Lines of Business: Personal/comm auto (99.0%), other (1.0%)
Licensed in: All states except AZ, FL, MI, NJ, TX
Principal Investments: Investment grade bonds (91.9%), common stock (6.9%), non investment grade bonds (0.7%), real estate (0.3%), other (0.2%)
Ratios
Premium to Surplus
Reserve to Surplus
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2-Year Reserve Development
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Cash From Underwriting
Net Premium Growth
Investments in Affiliates
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Corporate Info
Group Affiliation
The Progressive Corporation
Investment Rating
PGR
Company Address
300 N. Commons Blvd.
Mayfield, OH 44143
Phone Number
(440) 461-5000
NAIC Number
16322
Largest Affiliates
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Saint Petersburg, FL - P&C