Progressive (PGR) came out with quarterly earnings of $3.73 per share, beating the Zacks Consensus Estimate of $3.20 per share. This compares to earnings of $0.65 per share a year ago. These figures are adjusted for non-recurring items.This quarterly report represents an earnings surprise of 16.56%. A quarter ago, it was expected that this insurer would post earnings of $2.38 per share when it actually produced earnings of $2.96, delivering a surprise of 24.37%.Over the last four quarters, the company has s ...

NEWS RELEASE The Progressive Corporation Company Contact: 6300 Wilson Mills Road Douglas S. Constantine Mayfield Village, Ohio 44143 (440) 395-3707 http://www.progressive.com investor_relations@progressive.com PROGRESSIVE REPORTS MARCH RESULTS MAYFIELD VILLAGE, OHIO -- April 12, 2024 -- The Progressive Corporation (NYSE:PGR) today reported the following results for the month ended March 31, 2024 and the first quarter of 2024: March Quarter (millions, except per share amounts and ratios; unaudited) 2024 2024 ...

MAYFIELD VILLAGE, OHIO, April 12, 2024 (GLOBE NEWSWIRE) -- The Progressive Corporation (NYSE:PGR) today reported the following results for the month ended March 31, 2024 and the first quarter of 2024:  March   Quarter  (millions, except per share amounts and ratios; unaudited) 2024  2024  2023 ChangeNet premiums written$7,746.0 $18,962.2 $16,109.7 18%Net premiums earned$5,633.5 $16,148.6 $13,533.1 19%Net income$893.6 $2,331.4 $447.9 421%Per share available to common shareholders$1.52 $3.94 $0.75 425%Total p ...

The Progressive Corporation (PGR) is slated to report first-quarter 2024 earnings on Apr 12 before the opening bell. The company’s earnings beat estimates in the last reported quarter.Factors to NoteA compelling product portfolio, leadership position, strength in the Vehicle and Property businesses, healthy policies in force and solid retention are likely to have aided net premiums earned. The Zacks Consensus Estimate for net premiums earned is pegged at $15.6 billion, suggesting growth of 15.5% from the ye ...

The upcoming report from Progressive (PGR) is expected to reveal quarterly earnings of $2.96 per share, indicating an increase of 355.4% compared to the year-ago period. Analysts forecast revenues of $16.5 billion, representing an increase of 16% year over year.The consensus EPS estimate for the quarter has been revised 4.3% higher over the last 30 days to the current level. This reflects how the analysts covering the stock have collectively reevaluated their initial estimates during this timeframe.Prior to ...

Progressive (PGR) is expected to deliver a year-over-year increase in earnings on higher revenues when it reports results for the quarter ended March 2024. This widely-known consensus outlook gives a good sense of the company's earnings picture, but how the actual results compare to these estimates is a powerful factor that could impact its near-term stock price.The earnings report, which is expected to be released on April 12, 2024, might help the stock move higher if these key numbers are better than expe ...

Insurance companies have benefitted immensely from higher interest rates over the last few years making their stocks pop as well. While there is still an abundance of opportunity among many insurance stocks, The Progressive Corporation (PGR)  and Palomar Holdings (PLMR)  are two that stand out.With Progressive and Palomar’s stock soaring over +30% this year, here is a look at why now is still a good time to buy.Image Source: Zacks Investment ResearchRising Earnings EstimatesNotably, Progressive and Palomar ...

If you are looking for a stock that has a solid history of beating earnings estimates and is in a good position to maintain the trend in its next quarterly report, you should consider Progressive (PGR) . This company, which is in the Zacks Insurance - Property and Casualty industry, shows potential for another earnings beat.This insurer has an established record of topping earnings estimates, especially when looking at the previous two reports. The company boasts an average surprise for the past two quarter ...

Shares of The Progressive Corporation (PGR) have rallied 29.1% year to date, outperforming 17%, 3.9% and 9.3% growth of the industry, the Finance sector and the Zacks S&P 500 composite, respectively. With a market capitalization of $120.5 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 largest se ...

The Progressive Corporation (PGR) reported earnings per share of $1.24 for February 2024, which jumped nearly five-fold year over year. The improvement stemmed from higher revenues, net realized gain on securities and investment income, partially offset by an increase in expenses.February Numbers in DetailProgressive recorded net premiums written of $5.7 billion, down 5.5% from $6 billion reported in the year-ago month. Net premiums earned were about $5.1 billion, up 23.1% from $4.1 billion reported in the ...