S&P 500 component Progressive Insurance reported Tuesday that third-quarter earnings grew more than 100% while net premiums written increased 25% compared to a year ago. Progressive Insurance announced Tuesday Q3 earnings of $3.97 per share, up 110% compared to Q3 2023. The Mayfield Village, Ohio-based S&P 500 giant added Tuesday that its net income for September was $584.6 million, with earnings per share of 99 cents.
MAYFIELD VILLAGE, Ohio (AP) — Progressive Corp. PGR) on Tuesday reported third-quarter profit of $2.33 billion. On a per-share basis, the Mayfield Village, Ohio-based company said it had profit of $3.97.
MAYFIELD VILLAGE, OHIO, Oct. 15, 2024 (GLOBE NEWSWIRE) -- The Progressive Corporation (NYSE:PGR) today reported the following results for the month ended September 30, 2024 and the third quarter of 2024: SeptemberQuarter(millions, except per share amounts and ratios; unaudited) 2024 2024 2023 ChangeNet premiums written$ 6,570.0$19,455.6 $15,593.8 25 %Net premiums earned$ 6,262.7$18,296.7 $14,894.3 23 %Net income$ 584.6$ 2,333.4 $ 1,121.3 108 % Per share available to common shareholders$ 0.99$ 3.