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Progressive overtakes State Farm as No. 1 US private auto insurer by premiums in Q1 2024

Market News
29 May 2026
Seeking Alpha
View Source
Bullish
pluang ai news

S&P Global Market Intelligence reports that Progressive wrote $18.11 billion in private auto direct premiums in Q1 2024, surpassing State Farm's $17.07 billion across its eight private auto entities. This marks Progressive's rise as the top private auto insurer in the US on a trailing 12-month basis, a position not changed since World War II. The shift highlights Progressive's growing market strength, overtaking even Berkshire Hathaway's Geico. S&P Global plans to release full Q1 statutory results around May 20, providing further insights into the insurance market landscape.

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