PGR's November Earnings Improve: Should You Buy or Hold the Stock?

The Progressive Corporation (PGR) reported solid November 2024 results, wherein both the top and the bottom lines increased year over year. Net premiums written improved 18%, driven by the strong performance of operating businesses.Combined ratio — the percentage of premiums paid out as claims and expenses —  improved 550 basis points (bps) from the prior-year quarter’s level to 85.6.PGR is one of the country’s largest auto insurance groups, the largest seller of motorcycle and boat policies, the market lea ...