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Progressive Corp. Reports February Profit Of $737 Mln
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(RTTNews) - Insurer Progressive Corp. (PGR) reported that February 2024 net income was $737.1 million or $1.24 per share, net premiums written for the month were $5.72 billion and net premiums earned were $5.13 billion.
Companywide total policies in force in February grew 7 percent to 30.28 million from 28.33 million in February 2023.
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Progressive Corp. Reports January Profit Of $701 Mln
Insurer Progressive Corp. (PGR) reported that January 2024 net income was $700.7 million or $1.18 per share and net premiums written for the month were $5.50 billion and net premiums earned were $5.39 billion.
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Progressive Corp. Swings To Profit In Q2
Progressive Corp. (PGR) reported Thursday net income attributable to the company for the second quarter of $345.4 million or $0.57 per share, compared to a net loss of $542.9 million or $0.94 in the prior-year quarter.
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Progressive Corp. Q4 Profit Sharply Declines
Progressive Corp. (PGR) reported Wednesday that net income for the fourth quarter declined 14 percent to $826.4 million or $1.40 per share from $962.3 million or $1.63 in the prior-year quarter.
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Progressive Corp. Slips To Q2 Loss
Progressive Corp. (PGR) reported Friday that a net loss attributable to the company for the second quarter of $542.9 million or $0.94 per share, compared to net income of $790.1 million or $1.34 in the prior-year quarter.
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U.S. Dollar Falls Against Euro, Pound
The U.S. dollar fell against the euro and the pound in the New York session on Friday.
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Swiss Market Ends On Weak Note
Save for a brief while around mid morning when it edged slightly above the flat line, Switzerland's benchmark index SMI remained in negative territory on Friday amid concerns about high tech valuation and fading hopes of an interest rate cut by the Federal Reserve next month.
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European Markets Close Weak On Growth Concerns, Fading Fed Rate Cut Hopes
European stocks closed weak on Friday amid concerns about high tech valuations, and fading hopes of a Federal Reserve rate cut next month following hawkish comments from a few central bank officials.
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Canadian Market Rebounds From Early Setback; Technology, Energy Stocks Rise
After opening with a big negative gap and dropping further down into the red Friday morning, the Canadian benchmark S&P/TSX Composite Index recovered gradually and was up modestly above the flat line a little past noon.
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