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Progressive April 2024 EPS $0.72; Net Income $420.3M

Benzinga ·  May 15 08:18

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)2024
Net 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 equivalent common shares587.4
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