The Progressive Corporation (NYSE: PGR), an insurance holding company, has reported a modest increase in net income for October 2024.
Net income came in at $408.2 million in October, compared to $406.0 million in the comparable month of 2023On a per-share basis, October earnings rose to $0.69 from $0.68 last yearNet premiums written were $6.58 billion during the month, compared to $5.53 billion in October 2023Net premiums earned increased 19% to $6.69 billion in October from $5.38 billion a year earlierThe company reported a combined ratio of $94.1% for the month, vs. 91.7% last yearAt the end of the month, the company had 34.36 million policies in force, which is up 16% from the year-ago period
The post Earnings Summary: Progressive Corp. reports results for October 2024 first appeared on AlphaStreet.
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