The Progressive Corporation (PGR) reported earnings per share of 72 cents for April 2024, up 118.2% year over year. The improvement stemmed from higher revenues and lower expenses.April Numbers in DetailProgressive recorded net premiums written of $6.2 billion, up 1.7% from $6.1 billion in the year-ago month. Net premiums earned were about $5.6 billion, up 21% from $5.5 billion reported in the year-ago month.Net realized loss on securities was $266.1 million against the year-ago income of $18.4 million.Comb ...

Shares of The Progressive Corporation (PGR) have rallied 34.2% year to date, compared with the industry’s increase of 15.2%, the Finance sector’s rise of 4.8% and the Zacks S&P 500 composite’s gain of 10.3%. With a market capitalization of $125.2 billion, the average volume of shares traded in the last three months was 2.7 million.A compelling portfolio, leadership position, strength in Vehicle and Property businesses, healthy policies in force, retention and a solid capital position continue to drive this ...

MAYFIELD VILLAGE, OHIO, May 15, 2024 (GLOBE NEWSWIRE) -- The Progressive Corporation (NYSE:PGR) today reported the following results for the month ended April 30, 2024:  April(millions, except per share amounts and ratios; unaudited)2024Net premiums written$6,178.0 Net premiums earned$5,575.0 Net income$420.3 Per share available to common shareholders$0.72 Total pretax net realized gains (losses) on securities$(266.1)Combined ratio – current year89.0                    – prior year month97.9 Average diluted ...

Taking full advantage of the stock market and investing with confidence are common goals for new and old investors, and Zacks Premium offers many different ways to do both.Featuring daily updates of the Zacks Rank and Zacks Industry Rank, full access to the Zacks #1 Rank List, Equity Research reports, and Premium stock screens, the research service can help you become a smarter, more self-assured investor.Zacks Premium also includes the Zacks Style Scores.What are the Zacks Style Scores?The Zacks Style Scor ...

Momentum investing is all about the idea of following a stock's recent trend, which can be in either direction. In the 'long' context, investors will essentially be "buying high, but hoping to sell even higher." And for investors following this methodology, taking advantage of trends in a stock's price is key; once a stock establishes a course, it is more than likely to continue moving in that direction. The goal is that once a stock heads down a fixed path, it will lead to timely and profitable trades.Even ...

When deciding whether to buy, sell, or hold a stock, investors often rely on analyst recommendations. Media reports about rating changes by these brokerage-firm-employed (or sell-side) analysts often influence a stock's price, but are they really important?Let's take a look at what these Wall Street heavyweights have to say about Progressive (PGR) before we discuss the reliability of brokerage recommendations and how to use them to your advantage.Progressive currently has an average brokerage recommendation ...

财务数据和关键指标变化 - 第一季度净保费收入同比增长18% [12] - 第一季度综合成本率为86.1%,较好的盈利水平 [12] 各条业务线数据和关键指标变化 - 个人汽车业务在第一季度表现出色,新增90万保单,创历史新高 [13][14] - 商业线业务也有所好转,但卡车保险市场仍然疲软 [15][16] - 房产业务继续执行减少暴露于易受灾地区的策略,非易受灾地区的保单量增长约20% [17][18] 各个市场数据和关键指标变化 - 公司正在努力在更多州获得所需的费率调整,以保持利润目标 [13][14] - 公司正在减少在易受灾地区的房产业务敞口,同时增加在非易受灾地区的业务 [17][18] 公司战略和发展方向及行业竞争 - 公司将继续在利润和增长之间寻求平衡,在费率和营销支出上进行调整 [13][14] - 公司相信其细分定价模型和产品创新能力是其竞争优势 [58][59][60] - 公司认为行业整体仍处于"硬市场"状态,但公司已提前采取定价措施获得优势 [103][104] 管理层对经营环境和未来前景的评论 - 管理层认为通胀压力有所缓解,公司已做好充分准备把握未来增长机会 [8][11] - 管理层对公司的定价能力、产品创新和客户服务能力表示信心,认为这些是公司的核心竞争力 [58][59][60] - 管理层认为行业整体仍处于"硬市场"状态,但公司已提前采取定价措施获得优势 [103][104] 问答环节重要的提问和回答 问题1 **Bob Huang 提问** 询问公司在保费增长和利润目标之间的平衡 [24][25][26][27][28][29][30][31] **Tricia Griffith 回答** 公司将在费率、营销支出和产品创新等方面进行平衡,以实现增长和利润目标 [25][26][30][31] 问题2 **Michael Zaremski 提问** 询问公司费用率的可持续性 [38][39][40][41][42] **Tricia Griffith 回答** 公司将继续投资于技术和流程优化,以提高效率并保持竞争力定价 [39][40][41][42] 问题3 **Gregory Peters 提问** 询问公司在客户服务和技术创新方面的投入 [54][55][56][57][58][59][60] **Tricia Griffith 回答** 公司一直高度重视客户服务和技术创新,并将持续投入以保持领先地位 [55][56][57][58][59][60]

UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 FORM 10-Q (Mark One) ☒ Quarterly Report Pursuant to Section 13 or 15(d) of the Securities Exchange Act of 1934 For the quarterly period ended March 31, 2024 or ☐ Transition Report Pursuant to Section 13 or 15(d) of the Securities Exchange Act of 1934 For the transition period from to Commission File Number: 001-09518 THE PROGRESSIVE CORPORATION (Exact name of registrant as specified in its charter) Ohio 34-0963169 (State or other jurisd ...

MAYFIELD VILLAGE, OHIO, April 30, 2024 (GLOBE NEWSWIRE) -- As previously announced, The Progressive Corporation (NYSE:PGR) will host an Investor Relations conference call on Tuesday, May 7, 2024, beginning at 9:30 a.m. eastern time. This quarterly call, which will consist of both a conference call and audio-only webcast, is scheduled to last 60 minutes and will consist of a question-and-answer session with Tricia Griffith, our CEO, and John Sauerland, our CFO. Call-in participants will be able to ask questi ...

The insurance provider is deepening its commitment to flexible workplace offerings to support company growth MAYFIELD VILLAGE, Ohio, April 29, 2024 /PRNewswire/ -- To help support several years of continued year-over-year growth, today, Progressive Insurance announced plans to hire thousands of job seekers for numerous roles across the country in 2024. Available positions will be a mix of in-office, remote and hybrid workplace roles across claims, customer care, IT and analyst, legal, and corporate function ...