Progressive Reports Q3 2024 EPS $3.97 Up From $1.89 YoY; Net Premiums Written $19.455B Vs $15.593B YoY
Portfolio Pulse from Benzinga Newsdesk
Progressive Corporation (NYSE:PGR) reported a significant increase in Q3 2024 earnings per share (EPS) to $3.97 from $1.89 year-over-year, with net premiums written rising to $19.455 billion from $15.593 billion. The company's net income more than doubled to $2.333 billion, and the combined ratio improved slightly.
October 15, 2024 | 12:30 pm
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Progressive Corporation's Q3 2024 results show a strong performance with EPS increasing to $3.97 from $1.89 YoY. Net premiums written rose to $19.455 billion, and net income more than doubled to $2.333 billion, indicating robust growth.
The significant increase in EPS and net income, along with a rise in net premiums written, indicates strong financial performance and growth for Progressive. This is likely to positively impact the stock price in the short term.
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