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Progressive Corporation - $PGR STOCK NEWS

Welcome to our dedicated page for Progressive Corporation news (Ticker: $PGR), a resource for investors and traders seeking the latest updates and insights on Progressive Corporation stock.

Our selection of high-quality news articles is accompanied by an expert summary from Rhea-AI, detailing the impact and sentiment surrounding the news at the time of release, providing a deeper understanding of how each news could potentially affect Progressive Corporation's stock performance. The page also features a concise end-of-day stock performance summary, highlighting the actual market reaction to each news event. The list of tags makes it easy to classify and navigate through different types of news, whether you're interested in earnings reports, stock offerings, stock splits, clinical trials, fda approvals, dividends or buybacks.

Designed with both novice traders and seasoned investors in mind, our page aims to simplify the complex world of stock market news. By combining real-time updates, Rhea-AI's analytical insights, and historical stock performance data, we provide a holistic view of Progressive Corporation's position in the market.

News
Progressive Announces Investor Relations Call
Rhea-AI Summary

The Progressive (NYSE: PGR) will host an Investor Relations conference call on May 7, 2024, with a 60-minute Q&A session featuring CEO Tricia Griffith and CFO John Sauerland. The quarterly call includes a conference call and webcast. Progress expects to file its Quarterly Report on Form 10-Q on May 6, 2024, and post its Shareholders’ Report online. Replay of the webcast will be available on their website until May 8, 2025. Progressive offers insurance for personal and commercial vehicles, homes, and more, being a key player in the insurance industry since its founding in 1937.

Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
1.7%
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none
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News
Progressive Insurance® Continued Growth Leads to More Than 10,000 Open Roles in 2024
Rhea-AI Summary

Progressive Insurance announced plans to hire thousands of job seekers for various roles in 2024 due to continued growth, with a 25% revenue increase in 2023. The company offers in-office, remote, and hybrid workplace options and was named one of FORTUNE's 100 Best Companies to Work For®. New employees can benefit from perks like the Gainshare cash bonus program, Volunteer Time Off, and extensive training programs.

Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
-0.65%
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none
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News
Progressive Reports March 2024 Results
Rhea-AI Summary
The Progressive (NYSE:PGR) reported strong financial results for the month ended March 31, 2024, and the first quarter of 2024. Net premiums written and earned increased by 18% and 19% respectively. Net income surged by 421%, with per share earnings up by 425%. Total pretax net realized gains on securities also saw a significant rise of 117%. The combined ratio improved by 12.9 points compared to the prior year. The company made a calendar conversion in October 2023, affecting year-over-year comparisons from October 2023 to September 2024.
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
0.81%
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none
News
Progressive Reports February 2024 Results
Rhea-AI Summary
The Progressive (NYSE:PGR) reported strong financial results for February 2024, with net premiums written at $5,720.5 million, net income of $737.1 million, and a combined ratio of 86.8%. The company also saw a 7% increase in total personal auto policies compared to the previous year.
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
1.49%
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none
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News
Progressive Announces Quarterly Common Share Dividend
Rhea-AI Summary
The Progressive Corporation (PGR) declared a $0.10 per common share dividend payable on April 12, 2024, to shareholders of record on April 4, 2024.
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
0.75%
Tags
dividends
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News
Progressive Announces Investor Relations Event
Rhea-AI Summary
The Progressive Corporation (PGR) will host an Investor Relations event on February 27, 2024, featuring a presentation on their Destination Era strategy. CEO Tricia Griffith and CFO John Sauerland will lead the event, with a focus on financial updates and shareholder information.
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
0.21%
Tags
none
News
Progressive Reports January 2024 Results
Rhea-AI Summary
The Progressive Corporation (PGR) reported strong financial results for January 2024, with net premiums written at $5,495.7 million and net income of $700.7 million. The company's combined ratio improved to 87.3 compared to 96.0 in the prior year. Progressive also disclosed a change in its accounting closing calendar in October 2023, which may affect year-over-year comparisons until September 2024.
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
3.22%
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none
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News
Protective Insurance rebranding, becoming Progressive Fleet & Specialty Programs
Rhea-AI Summary
Progressive Insurance rebrands its large fleet commercial line coverage to Progressive Fleet & Specialty Programs, reflecting the integration of businesses and capturing expanded expertise in large fleet transportation and niche insurance programs. The new name aims to benefit agents and customers with a nationally recognized brand, following Progressive's acquisition of Protective Insurance Corporation in 2021. Karen Bailo, Progressive's Commercial Lines President, states that the announcement was part of their strategy when they first acquired Protective almost three years ago, enabling them to promote their full suite of capabilities in the transportation market. Progressive Fleet continues to deliver excellent customer service and quality coverage, backed by an A (Excellent) rating by A.M. Best, operating within a leading brand and remaining the leading solution for fleet trucking and workers' compensation insurance.
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
-0.93%
Tags
none
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News
Progressive Reports December 2023 Results
Rhea-AI Summary
The Progressive Corporation (NYSE:PGR) reported a 21% increase in net premiums written for December 2023 and a 22% increase in net premiums earned for the fourth quarter of 2023. Net income and per share available to common shareholders also saw a significant increase of 141%. The company also reported total pretax net realized gains on securities of $144.0 million, showing a positive financial outcome. However, the conversion of the monthly accounting closing calendar to align with the Gregorian calendar in October 2023 may impact year-over-year comparisons on monthly results from October 2023 through September 2024.
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
4.72%
Tags
none
News
Progressive Reports November 2023 Results
Rhea-AI Summary
The Progressive Corporation (PGR) reported strong November 2023 results, with net premiums written at $4,725.1 million, net premiums earned at $5,079.0 million, and net income at $680.6 million. The combined ratio for the current year was 91.1, showing an improvement from the prior year's 92.2. The company's policies in force for personal auto and special lines showed significant growth, with personal auto policies at 19,441.9 thousand, marking a 9% increase from the previous year. The company has converted its monthly accounting closing calendar to align with the Gregorian calendar, which may impact year-over-year comparisons on monthly results from October 2023 through September 2024.
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
-0.09%
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none
Stock PGR logo
Progressive Corporation

NYSE:PGR

PGR Rankings

#90 Ranked by Market Cap
#944 Ranked by Stock Gains
#2086 Ranked by Dividends

PGR Stock Data

126.45B
583.16M
0.27%
87.44%
0.75%
Direct Property and Casualty Insurance Carriers
Finance and Insurance
Link
United States of America
MAYFIELD VILLAGE

About PGR

progressive is a place where collaboration is encouraged, hard work is rewarded and creativity is celebrated. each of our employees has a role in our success and together, we continue to find new and better ways to satisfy our customers and move the insurance industry forward. with over 75 years of business, we ensure more than 13 million customers. people from all walks of life, all fields of business and all 50 states make up our diverse group of 26,000 talented professionals. with six large locations and hundreds of smaller claims and legal offices across the country, we collectively work toward our goal of becoming consumers’ number one choice for auto insurance.