PGR's November Earnings Improve: Should You Buy or Hold the Stock?
Progressive(PGR) ZACKS·2024-12-17 01:35
The Progressive Corporation (PGR) reported solid November 2024 results, wherein both the top and the bottom lines increased year over year. Net premiums written improved 18%, driven by the strong performance of operating businesses.Combined ratio — the percentage of premiums paid out as claims and expenses — improved 550 basis points (bps) from the prior-year quarter’s level to 85.6.PGR is one of the country’s largest auto insurance groups, the largest seller of motorcycle and boat policies, the market lea ...