Progressive's Q4 Earnings, Revenues Beat on Higher Premiums

The Progressive Corporation’s (PGR) fourth-quarter 2024 earnings per share of $4.08 beat the Zacks Consensus Estimate by 19%. The bottom line increased 37.8% year over year. See the Zacks Earnings Calendar to stay ahead of market-making news.Operating revenues increased 20.3% year over year to $20.3 billion and beat the consensus estimate by 2.5%.Behind the HeadlinesNet premiums written were $18.1 billion in the quarter, up 20% from $15.1 billion a year ago. Net premiums earned grew 21% to $19.1 billion. Th ...