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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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European Markets Close On Firm Note
European stocks closed on a positive note on Tuesday as the passage of a short-term funding bill late Monday raised the possibility of the longest government shutdown in U.S. history coming to an end soon.
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Bay Street May Open Higher Again
Canadian stocks may open higher on Tuesday, riding on firm commodity prices. The passage of a short-term funding bill late Monday to end the longest government shutdown in U.S. history, is likely to aid sentiment.
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UK Unemployment Rate Highest Since 2021
The UK unemployment rate increased to the highest since early 2021 in the third quarter, raising chances of an interest rate cut, official data revealed on Tuesday. The ILO jobless rate rose to 5.0 percent in the third quarter from 4.8 percent in the three months to August, the Office for National Statistics said. The rate was above economists' forecast of 4.9 percent.
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FTSE 100 Rises On Rate Cut Hopes; Vodafone Group Moves Up Sharply
U.K.'s FTSE 100 index has moved up sharply on Tuesday, amid hopes of a rate cut by the Bank of England next month after data showed an increase in the nation's unemployment rate in the third quarter. The passage of a short-term funding bill late Monday to end the longest government shutdown in U.S. history is also aiding sentiment.
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