Progressive's (PGR) May Earnings Rise on Higher Revenues

The Progressive Corporation (PGR) reported earnings per share of 72 cents for May 2024, up 122.2% year over year. The improvement stemmed from higher revenues.May Numbers in DetailProgressive recorded net premiums written of $6.2 billion, up 38.3$6 billion in the year-ago month. Net premiums earned were about $5.9 billion, up 30.8$5.5 billion reported in the year-ago month.Net realized income on securities was $177.6 million against the year-ago loss of$35.3 million.Combined ratio — the perce ...