Progressive Reports September 2024 EPS $0.99; Net Premiums Written $6.57B
Portfolio Pulse from Benzinga Newsdesk
Progressive Corporation reported a significant increase in net income and net premiums for September 2024 and the third quarter of 2024, with EPS reaching $0.99. The company also saw a substantial improvement in net realized gains on securities.
October 15, 2024 | 12:30 pm
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Progressive Corporation reported strong financial results for September 2024 and Q3 2024, with a 108% increase in net income and a 25% rise in net premiums written. EPS for September was $0.99.
The significant increase in net income and net premiums written, along with a strong EPS, indicates robust financial health and growth for Progressive. This is likely to positively impact the stock price in the short term.
CONFIDENCE 95
IMPORTANCE 90
RELEVANCE 100