Progress Corp Oh Stock Price, News & Analysis

On November 9, 2020, The Progressive Corporation's Board of Directors expanded the Board from 12 to 13 members, electing Devin Johnson as the new independent director. Johnson, currently Chief Operating Officer at The SpringHill Company, brings a wealth of experience, including his role as President of UNINTERRUPTED and senior VP at Tribune Media and NBCUniversal. His term is set to expire at the 2021 Annual Meeting of Shareholders. Progressive, a leading auto insurer and financial services company, continues to innovate in customer service and product offerings.

Progressive Insurance announces its eighth annual Keys to Progress vehicle donation event, set for November 5, 2020. This year, 45 veterans will receive reliable transportation, bringing the total to over 750 vehicles donated since 2013. In collaboration with Enterprise Rent-A-Car, the vehicles come insured for six months. The initiative aims to support veterans nationwide, replacing previous physical giveaway events due to COVID-19. Progressive expresses pride in assisting veterans during this challenging year, emphasizing their commitment to community support.

Progressive Corporation (NYSE: PGR) will host an Investor Relations conference call on November 4, 2020, at 9:30 AM ET. The call will last 60 minutes and include a Q&A session with CEO Tricia Griffith and CFO John Sauerland. Participants can ask questions via phone, while the webcast will be listen-only. On November 3, the company will file its Quarterly Report on Form 10-Q and post its Shareholders’ Report on its website. Replays of the conference call will be available shortly after the event, with access until November 5, 2021, for the webcast and until November 20, 2020, for the phone replay.

The Progressive Corporation (NYSE:PGR) announced its financial results for September and Q3 2020, showing significant growth in net premiums written, up 15% to $3,468.1 million for September and 14% to $11,015.1 million for the quarter. Net premiums earned increased by 11% both for the month and the quarter. However, net income attributable to Progressive decreased by 18% year-over-year to $231.4 million for September, with a per-share decline from $0.47 to $0.39. The combined ratio improved to 88.3 from 92.3 a year earlier, and total policies in force rose by 11% across personal and commercial lines.

The Progressive Corporation (NYSE: PGR) reported strong results for August 2020, with net premiums written at $3,437.7 million, up 18% from $2,921.3 million in August 2019. Net premiums earned rose 11% to $3,088.9 million, compared to $2,784.4 million a year prior. Net income attributable to Progressive reached $487.4 million, a 177% increase from $175.9 million, reflecting earnings per share of $0.83, up 179%. The combined ratio improved to 92.6, down from 93.4. The company experienced growth across personal and commercial lines, indicating solid operational performance.

The Progressive Corporation (NYSE: PGR) reported strong financial results for July 2020. Net premiums written increased by 12% to $4,109.3 million compared to $3,675.6 million in July 2019. Net income attributable to Progressive surged by 111% to $812.0 million, with earnings per share rising to $1.38 from $0.65. The company achieved a combined ratio of 83.5, a 6.8-point improvement year-over-year. Total policies in force across personal and commercial lines rose to 24,078.6 thousand, reflecting a 10% increase from the previous year.

The Progressive Corporation (NYSE:PGR) declared a $0.10 per share dividend, payable on October 15, 2020, to shareholders of record by October 7, 2020. The ex-dividend date is October 6, 2020. Additionally, a dividend of $26.875 per Series B Fixed-to-Floating Rate Preferred Share was also announced, totaling $13.4 million, with payment on September 15, 2020, to Series B shareholders recorded by August 31, 2020.

The Progressive Corporation (NYSE: PGR) is set to host an Investor Relations conference call on August 5, 2020, at 10:00 a.m. ET. The call will include a Q&A session with CEO Tricia Griffith and CFO John Sauerland. The company plans to file its Quarterly Report on Form 10-Q on August 4, 2020, and a Shareholders' Report will be posted on its website. Participants can access the call details through Progressive's investor relations page, with replays available post-call. Progressive is a major provider of auto insurance in the U.S., established in 1937.

The Progressive Corporation (NYSE:PGR) reported solid financial results for June 2020, showing a 15% increase in net premiums written at $3,201.6 million compared to June 2019. For the second quarter, net income attributable to Progressive rose 83% to $1,790.4 million, translating to $3.04 per share, a 14% increase year-over-year. The combined ratio improved by 2.7 points to 87.7. Although total pretax net realized gains on securities fell 43% in June, overall premium growth and profitability reflect strong operational performance.