Progressive Corp. Reports February Profit Of $737 Mln
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![Progressive Corp. Reports February Profit Of $737 Mln Progressive Corp. Reports February Profit Of $737 Mln](https://static.mfbcdn.net/images/news/21814/desktop.webp)
(RTTNews) - Insurer Progressive Corp. (PGR) reported that February 2024 net income was $737.1 million or $1.24 per share, net premiums written for the month were $5.72 billion and net premiums earned were $5.13 billion.
Companywide total policies in force in February grew 7 percent to 30.28 million from 28.33 million in February 2023.
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Progressive Corp. Reports January Profit Of $701 Mln
Insurer Progressive Corp. (PGR) reported that January 2024 net income was $700.7 million or $1.18 per share and net premiums written for the month were $5.50 billion and net premiums earned were $5.39 billion.
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Progressive Corp. Swings To Profit In Q2
Progressive Corp. (PGR) reported Thursday net income attributable to the company for the second quarter of $345.4 million or $0.57 per share, compared to a net loss of $542.9 million or $0.94 in the prior-year quarter.
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Progressive Corp. Q4 Profit Sharply Declines
Progressive Corp. (PGR) reported Wednesday that net income for the fourth quarter declined 14 percent to $826.4 million or $1.40 per share from $962.3 million or $1.63 in the prior-year quarter.
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Progressive Corp. Slips To Q2 Loss
Progressive Corp. (PGR) reported Friday that a net loss attributable to the company for the second quarter of $542.9 million or $0.94 per share, compared to net income of $790.1 million or $1.34 in the prior-year quarter.
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TSX Ends Weak As Communications, Tech Stocks Decline
The Canadian market closed weak on Friday, weighed down by losses in communications, healthcare and technology sectors.
Besides reacting to earnings updates, investors digested Canadian jobs data, and assessed the non-farm payroll data from the U.S. Labor Department as well.
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Dollar Rises Against Major Counterparts
The U.S. dollar climbed higher on Friday as the Labor Department's non-farm payroll data raised bets the Federal Reserve will hold rates unchanged at its next meeting.
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Swiss Market Ends On Weak Note After Choppy Session
The Switzerland market closed weak on Friday after a choppy session, as investors stayed a bit reluctant to make significant moves after recent upswing.
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U.S. Dollar Jumps After Jobs Data
The U.S. dollar firmed against its most major counterparts in the New York session on Friday, as the latest jobs data showed a drop in the unemployment rate and strong wage growth.
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