The Progressive Corporation (NYSE: PGR), an insurance holding company, has reported positive results for the third quarter of 2023.
- Third-quarter net premiums written increased by 20% to $15.6 billion from $13.0 billion in the corresponding period of last year
- Net premiums earned were $14.9 billion in Q3, up 20% compared to $12.4 billion reported in the third quarter of 2022
- The company reported a net income of $1.12 billion for the September quarter, marking a significant improvement from the prior-year period when reported earnings of $124.1 million
- On a per-share basis, Q3 net income was $1.89, compared to $0.20 in the same period of last year
- Meanwhile, the combined ratio decreased by 6.8 points to 92.4
Listen to the conference calls as they happen. Don't miss a beat! With AlphaStreet Intelligence, you can listen to live calls and interviews as they happen, so you never have to worry about missing out on important information.
Most Popular
Earnings Preview: Deere & Company expected to end FY24 on a mixed note
For Deere & Company (NYSE: DE), 2024 has been a challenging year marked by weak demand amid declining farm income and high interest rates. As the company prepares to report
Here’s how streaming is set to become a key part of Disney’s (DIS) growth strategy
Shares of The Walt Disney Company (NYSE: DIS) rose over 4% on Friday. The stock has gained 27% over the past three months. The company ended fiscal year 2024 on
Alibaba Group (BABA) Q2 2025 Earnings: Key financials and quarterly highlights
Alibaba Group Holding Limited (NYSE: BABA) reported its second quarter 2025 earnings results today. Revenue was $33.7 billion, up 5% year-over-year. Net income attributable to ordinary shareholders grew 58% to
