Progressive Corp. Slips To Q2 Loss
(RTTNews) - 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.
Net premiums written for the quarter grew 8 percent to $12.42 billion from $11.48 billion last year. Analysts expected revenue of $12.48 billion for the quarter.
Net premiums earned were $12.15 billion, up 11 percent from $10.98 billion in the previous year.
For the month of June, the company reported a net loss of $436.7 million or $0.75 per share, compared to net income of $132.8 million or $0.22 per share last year.
Net premiums written for the month increased 7 percent to $3.88 billion from $3.63 billion in the prior year. Net premiums earned were $3.77 billion, up 9 percent from $3.46 billion in the previous year.
For more earnings news, earnings calendar, and earnings for stocks, visit rttnews.com
Progressive Corp. Reports February Profit Of $737 Mln
Progressive Corp. Reports January Profit Of $701 Mln
Progressive Corp. Swings To Profit In Q2
Progressive Corp. Q4 Profit Sharply Declines
Canadian Dollar Drops Against Most Majors
Swiss Market Settles Moderately Lower
European Markets Close Weak After Cautious Session
