Progressive's (PGR) August results reflect higher revenues, partially offset by improved expenses.
MAYFIELD VILLAGE, OHIO, Sept. 15, 2023 (GLOBE NEWSWIRE) -- The Progressive Corporation (NYSE:PGR) today reported the following results for August 2023: August(millions, except per share amounts and ratios; unaudited)2023 2022 ChangeNet premiums written$4,743.8 $4,081.1 16 % Net premiums earned$4,599.2 $3,835.4 20 % Net income$147.6 $119.7 23 % Per share available to common shareholders$0.25 $0.20 23 % Total pretax net realized gains (losses) on securities$(80.6) $(175.4) (54) % Combined ratio97.
These robust businesses can perform well across economic cycles, making them excellent additions to your portfolio.