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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 | |
|---|---|---|---|---|---|---|---|---|
| 0.00 | 0.00% | 208.25 | 0 | 09:00:04 |
From May 2023 to May 2024
By Will Feuer
Progressive swung to a second-quarter profit, but earnings came in lighter than Wall Street analysts had expected.
The Mayfield Village, Ohio-based insurance company reported second-quarter earnings of $345.4 million, or 57 cents a share, compared with a loss of $542.9 million, or 94 cents a share, in the same quarter a year ago. Analysts surveyed by FactSet were expecting earnings of 83 cents a share.
Net premiums written rose 18% to $14.72 billion, while net premiums earned climbed 19% to $14.46 billion.
Shares fell 3% to $127.90 in premarket trading.
Write to Will Feuer at Will.Feuer@wsj.com
(END) Dow Jones Newswires
July 13, 2023 08:48 ET (12:48 GMT)
Copyright (c) 2023 Dow Jones & Company, Inc.
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