Advertisement
Progressive Corp. Swings To Profit In Q2
(RTTNews) - 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.
Net premiums written for the quarter grew 18 percent to $14.72 billion from $12.42 billion last year. Analysts expected revenue of $14.98 billion for the quarter.
Net premiums earned were $14.46 billion, up 19 percent from $12.15 billion in the previous year.
For the month of June, the company reported net income of $40.9 million or $0.06 per share, compared to a net loss of $436.7 million or $0.75 per share last year.
Net premiums written for the month increased 11 percent to $4.32 billion from $3.88 billion in the prior year. Net premiums earned were $4.52 billion, up 20 percent from $3.77 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. Q4 Profit Sharply Declines
Progressive Corp. Slips To Q2 Loss
Thai Central Bank Cuts Rate By 25 Bps
Yen Falls On Trade Deal Hopes
UK Stocks Turning In Mixed Performance; FTSE 100 Up Marginally At Noon
