Progress Corp Oh Stock Price, News & Analysis

Progressive (NYSE:PGR) has announced its quarterly dividend payment. The Board of Directors declared a dividend of $0.10 per common share on March 7, 2025, which will be payable on April 11, 2025. Shareholders must be on record by the close of business on April 3, 2025, to receive this dividend.

Progressive Insurance, founded in 1937, currently stands as the second largest personal auto insurer in the country. The company is also a leading provider of commercial auto, motorcycle, and boat insurance, and ranks among the top 15 homeowners insurance carriers. Progressive offers various insurance products including personal and commercial vehicles, motorcycles, boats, recreational vehicles, and homes, with multiple convenient access points for customers including online, phone, mobile app, and local agents.

Progressive (NYSE: PGR) has announced an upcoming Investor Relations event scheduled for March 4, 2025, at 9:30 a.m. eastern time. The 90-minute event will feature a 45-minute presentation focusing on claims process and technology, followed by a Q&A session with CEO Tricia Griffith and CFO John Sauerland.

The company plans to file its Annual Report on Form 10-K and post its Shareholders' Report, including the CEO's Letter to Shareholders, on March 3, 2025. While call-in participants can ask questions via phone, webcast participants won't have this option. The webcast replay will be available approximately two hours after the event and accessible until March 5, 2026.

Progressive (NYSE:PGR) has released its financial results for January 2025. The company, which is the second largest personal auto insurer in the United States, provides insurance services across multiple segments including personal and commercial vehicles, motorcycles, boats, recreational vehicles, and homes.

Progressive offers various customer-centric tools and services such as Name Your Price®, Snapshot®, and HomeQuote Explorer®, allowing customers to access their services through multiple channels including online, phone, mobile app, or in-person through local agents.

Progressive (NYSE:PGR) has reported strong financial results for December 2024. Net premiums written increased by 22% to $5.96 billion for December and 20% to $18.11 billion for the quarter. Net income grew 5% to $942 million in December and 19% to $2.36 billion for the quarter. The company maintained a solid combined ratio of 84.1 in December.

Policies in force showed significant growth across segments, with Personal Lines increasing 18% to 33.8 million policies and Commercial Lines growing 4% to 1.14 million policies. Direct auto policies saw the highest growth at 25% reaching 14 million policies. However, the company experienced pretax net realized losses on securities of $140 million in December, compared to gains of $144 million in the previous year.

Roamly, a digital insurance technology leader, announced a significant expansion of its product offerings to include motorcycle and boat coverage. The company, which partners with major insurers like Progressive (NYSE: PGR), Safeco, and Foremost, is leveraging its proprietary digital platform to enhance its specialty insurance portfolio.

The expansion builds upon Roamly's established RV insurance business, addressing the growing recreational vehicle market. The company's Roamly Enterprise platform offers a modernized insurance experience, enabling marketplaces, startups, and insurance companies to increase speed to market, manage risks, and provide digital-first purchase experiences.

The new offerings include comprehensive coverage for RVs, motorcycles (covering both weekend rides and daily commutes), and boats (protecting various watercraft against liability, theft, and storm damage). This expansion is supported by Roamly's partnership with Outdoorsy, a leading RV rental marketplace.

Progressive (NYSE:PGR) reported strong financial results for November 2024. Net premiums written increased 18% to $5.56 billion, while net premiums earned grew 19% to $6.04 billion. Net income jumped 48% to $1.01 billion, with earnings per share rising to $1.71. The company achieved an improved combined ratio of 85.6, down 5.5 points from 91.1 in November 2023.

Policies in force showed significant growth across segments: personal auto increased 21% to 23.56 million policies, special lines grew 9%, Commercial Lines rose 4%, and Property business expanded 14%. Total policies companywide reached 34.74 million, marking a 17% increase year-over-year.

Progressive (NYSE:PGR) has announced its dividend distribution plans. The Board of Directors declared an annual common share dividend of $4.50 and a quarterly dividend of $0.10 per share, both payable on January 16, 2025, to shareholders of record as of January 9, 2025.

The company determined the 2024 annual dividend amount based on its capital position, resources, and anticipated capital requirements. The Board expects to continue declaring quarterly dividends throughout 2025. Additionally, Progressive set March 14, 2025, as the record date for shareholder participation in the Annual Meeting scheduled for May 9, 2025.

Progressive Insurance has launched Accident Response, a new safety feature available nationwide through its mobile app. The feature uses phone sensors to detect major accidents and automatically contacts the driver to offer assistance. If help is needed, users can request emergency services or tow trucks through the app or with a live agent. In cases of severe accidents without response, emergency services are automatically dispatched.

The feature's launch is timely as winter approaches, considering that 70% of US roads are in snow-prone areas, with over 116,800 people injured annually in crashes on snowy, slushy, or icy pavement. The service is free to use, though service costs depend on the customer's auto policy coverage. The feature is not available in California.

Progressive (PGR) reported strong growth in October 2024, with net premiums written rising 19% to $6.57 billion and net premiums earned increasing 19% to $6.38 billion compared to October 2023. Net income showed modest growth of 1% to $408.2 million. The company's combined ratio increased by 2.4 points to 94.1. Notable growth was seen in policies in force, with personal auto increasing 19% to 23.2 million policies, and total companywide policies growing 16% to 34.3 million.