RLI Corp. (RLI) reported fourth-quarter 2023 operating earnings of $1.54 per share, beating the Zacks Consensus Estimate by 6.9%. The bottom line improved 0.6% from the prior-year quarter.The quarterly results reflect continued premium growth across all product segments.Operational PerformanceOperating revenues for the reported quarter were $378.4 million, up 15% year over year, driven by 14.9% higher net premiums earned and 14.4% higher net investment income. The top line, however, missed the Zacks Consens ...

The Progressive Corporation’s (PGR) fourth-quarter 2023 earnings per share of $2.96 beat the Zacks Consensus Estimate of $2.38. The bottom line improved 97.3% year over year.Behind the HeadlinesNet premiums written were $15.1 billion in the quarter, up 21% from $12.5 billion a year ago. Premiums beat our estimate of $14 billion.Net premiums earned grew 22% to $15.8 billion and beat our estimate of $14.8 billion.Operating revenues of $16.6 billion beat the Zacks Consensus Estimate by 3% and increased 23.2% y ...

Progressive (PGR) came out with quarterly earnings of $2.96 per share, beating the Zacks Consensus Estimate of $2.38 per share. This compares to earnings of $1.50 per share a year ago. These figures are adjusted for non-recurring items.This quarterly report represents an earnings surprise of 24.37%. A quarter ago, it was expected that this insurer would post earnings of $1.71 per share when it actually produced earnings of $2.09, delivering a surprise of 22.22%.Over the last four quarters, the company has s ...

MAYFIELD VILLAGE, OHIO, Jan. 24, 2024 (GLOBE NEWSWIRE) -- The Progressive Corporation (NYSE:PGR) today reported the following results for December 2023 and the fourth quarter of 2023:   December   Quarter  (millions, except per share amounts and ratios; unaudited) 2023  2023  2022  Change Net premiums written$4,875.9 $15,129.8 $12,460.2  21%Net premiums earned$5,310.4 $15,772.6 $12,891.5  22%Net income$901.2 $1,987.8 $826.4  141%Per share available to common shareholders$1.53 $3.37 $1.40  141%Total pretax n ...

The Progressive Corporation (PGR) is slated to report fourth-quarter 2023 earnings on Jan 24 before the opening bell. The company’s earnings beat estimates in the last reported quarter.Factors to NoteNet premiums earned are likely to have benefited from the company’s compelling product portfolio, leadership position, strength in the Vehicle and Property businesses, healthy policies in force and solid retention. The Zacks Consensus Estimate for net premiums earned is pegged at $15.2 billion, suggesting growt ...

The market expects Progressive (PGR) to deliver a year-over-year increase in earnings on higher revenues when it reports results for the quarter ended December 2023. This widely-known consensus outlook is important in assessing the company's earnings picture, but a powerful factor that might influence its near-term stock price is how the actual results compare to these estimates.The earnings report might help the stock move higher if these key numbers are better than expectations. On the other hand, if they ...

Shares of The Progressive Corporation (PGR) have rallied 23.2% in a year, outperforming 11.7%, 12.3% and 21.9% growth of the industry, the Finance sector and the Zacks S&P 500 composite, respectively. With a market capitalization of $95.2 billion, the average volume of shares traded in the last three months was 2.4 million.A compelling portfolio, leadership position, strength in Vehicle and Property businesses, healthy policies in force, retention and solid capital position continue to drive this Zacks Rank ...

When building wealth in the stock market, one smart move you can make is to invest in quality companies with competitive advantages and robust cash flows that can grow no matter what the economy does.One place you can unearth hidden gems like this is the insurance industry. Insurance companies can be an excellent source of cash flow because their products are always in high demand. While these businesses aren't exciting, well-run insurers can deliver phenomenal market-beating returns with less volatility ov ...

Progressive Corporation (NYSE:PGR) Q3 2023 Earnings Conference Call November 1, 2023 9:30 AM ET Company Participants Douglas Constantine - Director, IR Susan Griffith - President, CEO & Director Patrick Callahan - President, Personal Lines Conference Call Participants Jian Huang - Morgan Stanley Michael Zaremski - BMO Capital Markets Jimmy Bhullar - JPMorgan Chase & Co. Joshua Shanker - Bank of America Merrill Lynch Elyse Greenspan - Wells Fargo Securities David Motemaden - Evercore ISI Tracy Benguigui - Ba ...

UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 FORM 10-Q (Mark One) ☒ Quarterly Report Pursuant to Section 13 or 15(d) of the Securities Exchange Act of 1934 For the quarterly period ended September 30, 2023 or ☐ Transition Report Pursuant to Section 13 or 15(d) of the Securities Exchange Act of 1934 For the transition period from to Commission File Number: 001-09518 THE PROGRESSIVE CORPORATION (Exact name of registrant as specified in its charter) Ohio 34-0963169 (State or other ju ...