Progressive Posts Higher 4Q Earnings
Provided by
Dow Jones
By Will Feuer
Progressive recorded higher earnings for the fourth quarter, topping Wall Street analysts' expectations and sending shares higher.
The Mayfield Village, Ohio-based insurance company reported a fourth-quarter profit of $1.99 billion, or $3.37 a share, up from $826.4 million, or $1.40 a share, in the same period a year earlier. Analysts surveyed by FactSet were expecting $2.43 a share.
Net premiums written rose 21% to $15.13 billion. Net premiums earned also rose 22%.
Write to Will Feuer at Will.Feuer@wsj.com
(END) Dow Jones Newswires
January 24, 2024 08:29 ET (13:29 GMT)
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