Auto insurer costs have exceeded revenue from premiums for three years straight. Blame fancy cars and reckless drivers.
Progressive (PGR) seems well poised on improving premiums, steady policy life expectancy, investment in technology and a solid capital position.
MAYFIELD VILLAGE, OHIO, May 15, 2024 (GLOBE NEWSWIRE) -- The Progressive Corporation (NYSE:PGR) today reported the following results for the month ended April 30, 2024: April(millions, except per share amounts and ratios; unaudited)2024Net premiums written$6,178.0 Net premiums earned$5,575.0 Net income$420.3 Per share available to common shareholders$0.72 Total pretax net realized gains (losses) on securities$(266.1)Combined ratio – current year89.0 – prior year month97.9 Average diluted equival