Progressive's (PGR) April Earnings Rise on Higher Premiums

The Progressive Corporation (PGR) reported earnings per share of 72 cents for April 2024, up 118.2% year over year. The improvement stemmed from higher revenues and lower expenses.April Numbers in DetailProgressive recorded net premiums written of $6.2 billion, up 1.7% from $6.1 billion in the year-ago month. Net premiums earned were about $5.6 billion, up 21% from $5.5 billion reported in the year-ago month.Net realized loss on securities was $266.1 million against the year-ago income of $18.4 million.Comb ...