Progressive Q4 Net Income Up 141% as Combined Ratio Exceeds Goal for 2023 January 24, 2024 By Chad Hemenway Progressive Corp. today said fourth quarter 2023 net income jumped to nearly $2 billion compared to about $826 million a...
With One Month to Go, Progressive’s Yearly Combined Ratio Hit Target of 96 December 18, 2023 By Chad Hemenway Progressive Corp. has achieved its combined ratio goal of 96, according to its release of November and year-to-date results. On...
Progressive in a Better Place With Reserve Boosts Done, CEO Says November 2, 2023 By Susanne Sclafane Shoring up loss reserves and adding “the premium equivalent” of a top 8 personal auto insurer to its books has...
Progressive Returns to Positive Net Income in Q2 July 13, 2023 By Chad Hemenway Second quarter net income at Progressive Corp. was $345.4 million, reversing a loss of nearly $543 million during the same...
Progressive Falls Short of Goal in Q1 May 3, 2023 By Allen Laman Despite posting a year-over-year net income increase of 45%, Progressive Corp. shared first quarter financial results on Tuesday that showed...
March Results Dampen Progressive Q1 Net Income Momentum April 13, 2023 By Chad Hemenway Progressive Corp. today reported first quarter net income of about $448 million – a 43% increase compared to the same...
Progressive More Than Doubles Feb. Income, Reports Investments With Failed Banks March 16, 2023 In reporting February financial results that continued a positive start to 2023, Progressive Corp. said it has about $75 million...
Telematics Master Class: How Progressive Offers Competitive Prices March 8, 2023 By Susanne Sclafane During an investor conference last week, Progressive’s leader revealed some subtle wording changes to the company’s purpose and vision. Unchanged,...
Progressive CEO: Early Rate Actions Helped Growth February 28, 2023 Progressive Corp. posted full-year 2022 net income of $721.5 million, down about 78% from net income of $3.35 billion the...
Unfavorable Reserve Development of $330M in January: Progressive February 15, 2023 Progressive Corp. said net income for the month of January was $449.4 million compared with $25.8 million the same month...