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Progressive Corp. Reports January Profit Of $701 Mln
(RTTNews) - 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. Reports February Profit Of $737 Mln
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.
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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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Australia Cuts Key Interest Rate For Second Time This Year
Australia's central bank lowered its benchmark rate by a quarter-point for the second time this year as risks to inflation became more balanced, while uncertainties regarding economic outlook increased due to trade protectionism measures. The policy board of the Reserve Bank of Australia, governed by Michele Bullock, decided to cut the cash rate target to 3.85 percent from 4.10 percent.
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China Cuts Loan Prime Rates For First Time In 7 Months
The People's Bank of China reduced its benchmark interest rate for the first time in seven months to stimulate consumption and support the property market amid soothing trade tensions. The central bank lowered its one-year loan prime rate by 10 basis points to 3.0 percent from 3.10 percent.
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Australian Dollar Falls Against Majors
The Australian dollar weakened against other major currencies in the Asian session on Tuesday.
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European Shares Likely To Open On Firm Note
European stocks may open on a positive note Tuesday as trade tensions continue to ease, and China's central bank cut interest rates to record lows to stimulate the world's second-largest economy challenged by weak consumer demand and a property crisis.
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