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
CVX Earnings: Chevron reports lower revenue and profit for Q1 2024
Energy exploration company Chevron Corporation (NYSE: CVX) announced first-quarter 2024 financial results, reporting a decline in net profit and revenues. Net income attributable to Chevron Corporation was $5.50 billion or
ABBV Earnings: AbbVie reports lower adj. profit for Q1 2024; revenue edges up
Specialty biopharmaceutical company AbbVie, Inc. (NYSE: ABBV) Friday announced first-quarter 2024 financial results, reporting a decline in adjusted earnings and a modest rise in revenues. The company reported worldwide net
CL Earnings: Key quarterly highlights from Colgate-Palmolive’s Q1 2024 financial results
Colgate-Palmolive Company (NYSE: CL) reported first quarter 2024 earnings results today. Net sales increased 6.2% year-over-year to $5.06 billion. Organic sales increased 9.8%. Net income attributable to Colgate-Palmolive Company was
