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Progressive (PGR) February Earnings and Revenues Rise Y/Y
PGRProgressive(PGR) Zacks Investment Research·2024-03-18 12:15

The Progressive Corporation (PGR) reported earnings per share of 1.24forFebruary2024,whichjumpednearlyfive−foldyearoveryear.Theimprovementstemmedfromhigherrevenues,netrealizedgainonsecuritiesandinvestmentincome,partiallyoffsetbyanincreaseinexpenses.FebruaryNumbersinDetailProgressiverecordednetpremiumswrittenof1.24 for February 2024, which jumped nearly five-fold year over year. The improvement stemmed from higher revenues, net realized gain on securities and investment income, partially offset by an increase in expenses.February Numbers in DetailProgressive recorded net premiums written of 5.7 billion, down 5.5% from 6billionreportedintheyear−agomonth.Netpremiumsearnedwereabout6 billion reported in the year-ago month. Net premiums earned were about 5.1 billion, up 23.1% from $4.1 billion reported in the ...