Welcome to our dedicated page for The Progressive Corporation news (Ticker: $PGR), a resource for investors and traders seeking the latest updates and insights on The 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 The 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 The Progressive Corporation's position in the market.
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%
Tags
-
Rhea-AI Summary
The Progressive Corporation (PGR) declared an annual common share dividend of $0.75 per share and a quarterly common share dividend of $0.10 per share, payable on January 26, 2024. The Board determined the 2023 annual dividend based on the company's capital position, existing capital resources, and expected current and future capital needs. Shareholders of record at the close of business on January 19, 2024, will receive the dividends. The Board also set the record date for the Annual Meeting of Shareholders on May 10, 2024, as March 15, 2024.
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
0.58%
Tags
-
Rhea-AI Summary
Progressive Corporation (NYSE:PGR) reported strong results for October 2023, with net premiums written at $5,528.8 million and net income of $406.0 million. The combined ratio for the current year was 91.7, showing improvement from the prior year's 95.9. Policies in force for personal auto and commercial lines also saw significant increases compared to the previous year. For more details, refer to Progressive's complete monthly earnings release.
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
-1.48%
Tags
Rhea-AI Summary
Progressive Insurance® announced its 11th annual Keys to Progress® vehicle giveaway program, which will take place on November 8, 2023. 82 veterans, military-related organizations, and veteran-owned small business owners across the country will receive vehicles that will provide reliable transportation. The vehicles, sourced from Enterprise Rent-A-Car's U.S. fleet, will be delivered with six months of insurance paid for by Enterprise. This year's program brings the total number of donated vehicles through the Keys to Progress program to over 1,000 since 2013.
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
0.96%
Tags
-
Rhea-AI Summary
Progressive Corporation to host Investor Relations conference call on November 1, 2023
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
-1.64%
Tags
-
Rhea-AI Summary
Crash Champions appoints former Progressive Claims President, Michael Sieger, to its Board of Directors, bringing valuable insights on automotive insurance industry. Crash Champions has doubled its footprint since last year and continues strategic expansion across the U.S.
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
1.8%
Tags
Rhea-AI Summary
Progressive Corporation reports September and Q3 2023 results
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
8.13%
Tags
-
Rhea-AI Summary
Advent International appoints Kahina Van Dyke as Operating Partner to strengthen its fintech practice.
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
-0.71%
Tags
-
Rhea-AI Summary
Progressive Corporation reports positive financial results for August 2023.
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
-0.59%
Tags
Rhea-AI Summary
The Progressive Corporation reported strong results for July 2023, with a 21% increase in net premiums written and a 20% increase in net premiums earned compared to July 2022. However, net income decreased by 12% and earnings per share available to common shareholders declined by 13%. The company also experienced a significant decrease in total pretax net realized gains on securities, which dropped by 71%. The combined ratio increased slightly by 0.8 percentage points to 90.6%. In terms of policies in force, the company saw growth in both Personal Lines and Commercial Lines, with a notable 16% increase in direct auto policies. Overall, Progressive's total business grew by 11% compared to the previous year.
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
8.87%
Tags
The Progressive Corporation
NYSE:PGR
PGR Rankings
PGR Stock Data
122.54B
583.16M
0.27%
87.44%
0.75%
Direct Property and Casualty Insurance Carriers
Finance and Insurance
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.