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
News sentiment analysis
Sort by:
Descending
POSITIVE IMPACT
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.
CONFIDENCE 100
IMPORTANCE 90
RELEVANCE 100