The Progressive Corporation (NYSE: PGR), an insurance holding company, has reported positive results for the second quarter of 2023.
- Second-quarter net premiums written increased by 18% to $14.72 billion from $12.42 billion in the corresponding period of last year
- Net premiums earned was $14.46 billion, up 19% compared to $12.15 billion reported in the second quarter of 2022
- The company reported a net income of $345.4 million for the June quarter, marking an improvement from the prior-year period when it incurred a loss of $542.9 million
- On a per-share basis, Q2 net income was $0.57 per share, compared to a loss of $0.94 per share in the same period of last year
- The combined ratio increased by 4.8 points to 100.4
_________________________________________________________________________________________________________________
Stocks you may like:
_________________________________________________________________________________________________________________
Most Popular
Trxade Health Inc. (NASDAQ: MEDS) Q1 2024 Research Summary
Trxade Health, Inc. (NASDAQ: MEDS) is a drug procurement and delivery platform that digitalizes the retail pharmacy experience. The company has a growing network of suppliers and partnerships with independent
Earnings Preview: Walmart (WMT) expected to report sales and profit gains in Q1
Over the years, Walmart Inc. (NYSE: WMT) has constantly diversified while maintaining its dominance in the retail world. The company is preparing to report financial results for the first three
What to look for when Take-Two Interactive Software (TTWO) reports Q4 2024 earnings results
Shares of Take-Two Interactive Software, Inc. (NASDAQ: TTWO) stayed red on Thursday. The stock has dropped 14% over the past three months. The gaming company is scheduled to report its
