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Share Name | Share Symbol | Market | Type |
---|---|---|---|
Progressive Corporation | NYSE:PGR | NYSE | Common Stock |
Price Change | % Change | Share Price | High Price | Low Price | Open Price | Shares Traded | Last Trade | |
---|---|---|---|---|---|---|---|---|
-1.98 | -0.93% | 209.8201 | 212.78 | 209.345 | 211.80 | 624,100 | 18:36:49 |
By Matt Grossman
Progressive Corp. Friday posted a monthly loss in August as claims from Hurricane Ida weighed on the company's net result.
Progressive logged an August net loss of $6.6 million, or 2 cents a share. Last year, the insurer's August earnings were $487.4 million, or a profit of 83 cents a share.
Revenue in the month was $3.79 billion, against expenses of $3.8 billion.
The company recorded $341.9 million of catastrophe losses associated with Hurricane Ida in August.
Write to Matt Grossman at matt.grossman@wsj.com
(END) Dow Jones Newswires
September 17, 2021 08:40 ET (12:40 GMT)
Copyright (c) 2021 Dow Jones & Company, Inc.
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