Progressive's Q3 Earnings & Revenues Top, Premiums Rise Y//Y

The Progressive Corporation’s (PGR) third-quarter 2024 earnings per share of $3.97 beat the Zacks Consensus Estimate of$ 3.40. The bottom line more than doubled year over year. Operating revenues of $19.5 billion improved 24.9% year over year and beat the consensus estimate by 2.6%.Shares rose 0.8% in the pre-market trading session to reflect the outperformance.Behind the HeadlinesNet premiums written were$ 19.5 billion in the quarter, up 25% from $15.6 billion a year ago. Net premiums earned grew 23% to$ 1 ...