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The Progressive Corporation - $PGR STOCK NEWS

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Progressive (NYSE: PGR) reported its financial results for May 2024, showing significant growth in key areas. Net premiums written increased to $5,975.1 million, and net premiums earned reached $5,857.5 million. The company reported a net income of $235.7 million, translating to $0.40 per share for common shareholders. However, the combined ratio for the current year stood at 100.4, slightly higher than the prior year's 99.0. Policies in force also saw an 8% increase year-over-year, with personal auto policies rising to 21,252.1 thousand. Progressive acknowledged a calendar change in October 2023 that may affect year-over-year monthly comparisons through September 2024.

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The Progressive (NYSE:PGR) reported its financial results for April 2024, highlighting several key metrics. Net premiums written amounted to $6,178 million, while net premiums earned were $5,575 million. The company’s net income stood at $420.3 million, translating to $0.72 per share available to common shareholders. However, Progressive experienced a total pretax net realized loss on securities of $266.1 million. The combined ratio for the current year was 89.0, compared to 97.9 for the prior year month. Policies in force showed growth, with personal auto policies increasing by 7%, special lines by 8%, and property business by 11% year-over-year. The company also mentioned an accounting calendar change which may affect year-over-year comparisons through September 2024.

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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.

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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.

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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.
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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.
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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.
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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.
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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.
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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.
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The Progressive Corporation

NYSE:PGR

PGR Rankings

PGR Stock Data

119.43B
583.16M
0.27%
87.44%
0.75%
Direct Property and Casualty Insurance Carriers
Finance and Insurance
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United States of America
MAYFIELD VILLAGE