Progressive Q2 2024 GAAP EPS $2.48 Beats $1.76 Estimate, Net Premiums Written $17.9B
Portfolio Pulse from Benzinga Newsdesk
Progressive reported Q2 2024 GAAP EPS of $2.48, significantly beating the estimate of $1.76. The company also reported net premiums written of $17.9 billion.
July 16, 2024 | 12:21 pm
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POSITIVE IMPACT
Progressive's Q2 2024 GAAP EPS of $2.48 significantly beat the estimate of $1.76, and the company reported net premiums written of $17.9 billion.
The significant beat on EPS and strong net premiums written indicate robust financial performance, likely leading to a positive short-term impact on Progressive's stock price.
CONFIDENCE 95
IMPORTANCE 90
RELEVANCE 100