Welcome to our dedicated page for Progress Oh news (Ticker: PGR), a resource for investors and traders seeking the latest updates and insights on Progress Oh stock.
Progressive Corporation (NYSE: PGR) maintains its leadership in auto and specialty insurance through continuous innovation and strategic market positioning. This news hub provides investors and industry observers with direct access to the company's official communications and market developments.
Track all essential updates through verified press releases, regulatory filings, and strategic announcements. Our curated collection includes earnings disclosures, product launches, leadership changes, and operational milestones that shape Progressive's market trajectory.
Discover updates across key business segments including auto insurance innovations, commercial coverage expansions, and technological advancements in claims processing. The repository serves as a critical resource for understanding Progressive's responses to industry trends and regulatory changes.
Bookmark this page for streamlined access to Progressive's financial communications and market-moving announcements. Combine this resource with our analysis tools for comprehensive investment research.
The Progressive Corporation (NYSE:PGR) reported strong financial results for February 2023, showing notable growth in net premiums written, which reached $6.06 billion, up 31% from $4.63 billion in February 2022. Net premiums earned also increased by 15%, totaling $4.17 billion compared to $3.63 billion a year earlier. The net income rose significantly by 144% to $150.3 million, yielding $0.25 per share available to common shareholders, a 149% increase from $0.10 per share last year. The company maintained a combined ratio of 95.1, which is slightly higher than 93.7 in the previous year, indicating a manageable level of underwriting profitability.
The Progressive Corporation (NYSE:PGR) declared a dividend of $0.10 per common share on March 3, 2023. This dividend is payable on April 14, 2023, to shareholders recorded by the close of business on April 6, 2023, with an ex-dividend date of April 5, 2023.
Additionally, Progressive appointed itself as the calculation agent for its Series B Fixed-to-Floating Rate Cumulative Perpetual Serial Preferred Shares, with the floating rate period commencing on March 15, 2023.
On February 21, 2023, The Progressive Corporation (NYSE: PGR) announced an Investor Relations event to be held on February 28, 2023, at 9:30 a.m. ET. This 90-minute session will feature a presentation on usage-based insurance and a Q&A with CEO Tricia Griffith and CFO John Sauerland. Participants must register to join the call or webcast. Progressive will also file its Annual Report on Form 10-K with the SEC on February 27, and the Shareholders’ Report will be accessible on its website. Replays of the webcast will be available after the event.
The Progressive Corporation (NYSE:PGR) reported its financial results for January 2023, showing a notable increase in key metrics compared to January 2022. Net premiums written rose by 16% to $5,332.1 million, while net premiums earned increased by 13% to $5,042.7 million. Net income surged to $449.4 million, a significant rise from $25.8 million in the previous year, leading to a per-share earnings boost from $0.04 to $0.76. However, the total pretax net realized gains fell sharply from $(347.9) million to $245.6 million. The combined ratio also worsened, moving from 92.9 to 96.0, indicating increased underwriting costs.
The Progressive Corporation (NYSE:PGR) reported its financial results for December 2022 and Q4 2022. Key highlights include a 15% increase in net premiums written at $3,574 million compared to $3,113 million in December 2021. Net premiums earned also rose by 12% to $4,030 million. However, net income saw a significant 99% decline to $5.8 million from $393.3 million, with earnings per share dropping 99% to $0.01. Total pretax net realized losses on securities were $(411.1 million). The combined ratio improved to 93.3% from 94.6% in 2021, reflecting operational efficiencies.
The Progressive Corporation (NYSE: PGR) updated its incurred loss estimates from Hurricane Ian. As of December 20, 2022, estimates for vehicle losses remain stable since November 2022. For the Property segment, the estimated loss and allocated loss adjustment expenses (ALAE) is now $1 billion, down from $1.4 billion as of September 30, reflecting a favorable adjustment of $400 million. The change will not affect December's operational results due to exceeding the $200 million retention threshold in reinsurance contracts. Further adjustments may occur as new claims are reported.
The Progressive Corporation (NYSE:PGR) reported significant growth in November 2022. Net premiums written increased by 12% to $3,699.1 million, while net premiums earned rose by 11% to $3,988.8 million. The company achieved a remarkable net income of $445.0 million, up 128% from the previous year's $195.2 million, translating to $0.75 per share, a 129% increase. The combined ratio slightly worsened to 92.2 from 91.9. Overall, Progressive continues to show a strong performance in the insurance market.
The Progressive Corporation (NYSE:PGR) reported its financial results for October 2022, showcasing significant growth in key metrics. Net premiums written increased to $5,187.1 million, a 19% rise from $4,346.6 million in 2021. Net income reached $375.6 million, showing a slight increase compared to $373.8 million in the previous year. The combined ratio improved to 95.9, down from 97.2. Notably, total pretax net realized gains on securities decreased by 41% to $178.6 million, impacting overall performance. Progressive remains a leading provider in the insurance sector.
The Progressive Corporation (NYSE:PGR) reported notable financial results for October 2022. Net premiums written increased to $5,187.1 million, reflecting a 19% growth from $4,346.6 million in October 2021. Net premiums earned rose 11% to $4,872.7 million, compared to $4,397.8 million the previous year. Net income slightly increased to $375.6 million from $373.8 million, with earnings per share at $0.64, up from $0.63. A lower combined ratio of 95.9 indicated improved efficiency. However, total pretax net realized gains on securities fell by 41%, highlighting market challenges.
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