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
Infographic: How Halliburton (HAL) performed in Q1 2025
Halliburton Company (NYSE: HAL) reported its first quarter 2025 earnings results today. Total revenue was $5.4 billion compared to $5.8 billion in the same period a year ago. Net income
GE Aerospace Q1 profit jumps on 11% revenue growth; reaffirms FY25 outlook
GE Aerospace (NYSE: GE) reported a sharp increase in earnings for the first quarter of 2025, driven by an 11% year-over-year growth in revenues. The management reaffirmed its full-year 2025
Key metrics from Kimberly-Clark’s (KMB) Q1 2025 earnings results
Kimberly-Clark Corporation (NYSE: KMB) reported its first quarter 2025 earnings results today. Net sales of $4.8 billion were 6% lower than the year-ago period. Organic sales decreased 1.6%. Net
