Progressive Insurance isn’t just growing the number of policies it writes but aims to hire thousands to support several years of year-over-year growth, according to a media statement published in late April. “Progressive Insurance Continued Growth Leads to More Than …
Progressive Corp. today reported strong first quarter 2024 results with net income of $2.3 billion and a combined ratio of 86.1 Last year, net income for the first three months at the Mayfield Village, Ohio-based insurer was $447.9 million and …
Progressive Corp. today said fourth quarter 2023 net income jumped to nearly $2 billion compared to about $826 million a year ago during the same period. The Mayfield Village, Ohio-based insurer reported some quarterly and year results as it announced …
Progressive Corp. has achieved its combined ratio goal of 96, according to its release of November and year-to-date results. On Friday, Progressive said November net income was $680.6 million and its combined ratio for the month was 91.1. Year-to-date net …
Shoring up loss reserves and adding “the premium equivalent” of a top 8 personal auto insurer to its books has put Progressive in a better place now than it was at the end of the second quarter. The carrier’s chief …
Second quarter net income at Progressive Corp. was $345.4 million, reversing a loss of nearly $543 million during the same quarter in 2022, as net income in June was about $41 million compared to a loss of nearly $437 million …
Despite posting a year-over-year net income increase of 45%, Progressive Corp. shared first quarter financial results on Tuesday that showed the company falling short of its combined ratio goal for 2023. The firm’s CR for the quarter was 99 – …
Progressive Corp. today reported first quarter net income of about $448 million – a 43% increase compared to the same time last year – though the insurer booked a nearly $152 million loss for the month of March. At the …
In reporting February financial results that continued a positive start to 2023, Progressive Corp. said it has about $75 million total investments tied to banks recently taken over by the Federal Deposit Insurance Corporation (FDIC). Progressive Corp. recorded February net …
During an investor conference last week, Progressive’s leader revealed some subtle wording changes to the company’s purpose and vision. Unchanged, however, are four pillars of Progressive’s strategy, including one pillar labeled “competitive pricing.” “Segmentation is a key facet of our …
