The Progressive Corporation (NYSE: PGR), an insurance holding company, has reported a sharp increase in earnings for the fourth quarter of 2023.
- Fourth-quarter net income more than doubled to $1.99 billion from $826.4 million in the comparable period of 2022
- On a per-share basis, earnings jumped to $3.37 per share in the December quarter from $1.40 per share last year
- At $15.13 billion, net premiums written were up 21% year-over-year; Net premiums earned rose 22% to $15.77 billion
- The combined ratio was 88.7 in Q4, vs. 93.9 in the prior-year period
- In December, net income came in at $901.2 million, or $1.53 per share; Net premiums written were $4.88 billion
- At the end of the quarter, Progressive had a total of 29.70 million policies in force, up 9% year-over-year
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
Key metrics from Kroger’s (KR) Q3 2025 earnings results
The Kroger Co. (NYSE: KR) reported its third quarter 2025 earnings results today. Total company sales rose to $33.9 billion from $33.6 billion in the same period last year. Identical
Dollar General (DG) Q3 2025 Earnings: Key financials and quarterly highlights
Dollar General Corporation (NYSE: DG) reported its third quarter 2025 earnings results today. Net sales increased 4.6% year-over-year to $10.65 billion. Same-store sales increased 2.5%. Net income was $282.7 million, or
HRL Earnings: All you need to know about Hormel Foods’ Q4 2025 earnings results
Hormel Foods Corporation (NYSE: HRL) reported its fourth quarter 2025 earnings results today. Net sales increased 1.5% year-over-year to $3.18 billion. Organic sales were up 2%. Net loss attributable to Hormel
