Progressive's (PGR) Q2 Earnings Beat, Premiums Rise Y/Y

The Progressive Corporation’s (PGR) second-quarter 2024 earnings per share of $2.65 beat the Zacks Consensus Estimate of $1.99. The bottom line improved more than five times year over year. Operating revenues of $18.3 billion beat the Zacks Consensus Estimate by 1.4% and increased 18.9% year over year.Shares gained 2.3% in the pre-market trading session to reflect the outperformance.The Progressive Corporation Price, Consensus and EPS SurpriseBehind the HeadlinesNet premiums written were $17.9 billion in th ...