The Progressive Corporation

Financial | Property & Casualty Insurance | USA

Progressive (PGR) Q1 Earnings Top Estimates, Revenues Up Y/Y

The Progressive Corporation’s (PGR - Free Report) first-quarter 2019 earnings per share of $1.83 beat the Zacks Consensus Estimate of $1.38. The bottom line improved 50% from $1.22 earned in the year-ago quarter.

Behind the Headlines

Net premiums written were $9.2 billion in the quarter under review, up 16% from nearly $8 billion in the year-ago period. Net premiums earned grew 18% year over year to $8.5 billion from $7.2 billion a year ago.

Net realized gains on securities were $414.5 million against the year-ago loss of $48.2 million.

...

https://www.zacks.com/stock/news/382093/...nues-up-yy

Progressive (PGR) Q2 Earnings Beat, Increase Year Over Year

The Progressive Corporation’s PGR second-quarter 2019 earnings per share of $1.66 beat the Zacks Consensus Estimate of $1.43. The bottom line improved 39% from the year-ago quarter.

Behind the Headlines

Net premiums written were $9.1 billion in the quarter under review, up 13% from nearly $8.1 billion in the year-ago period. Net premiums earned grew 16% year over year to $8.8 billion.

Net realized gains on securities were $179.9 million compared with $32.8 million in the year-ago quarter.


...

Progressive (PGR) Beats Q4 Earnings and Revenue Estimates

Progressive (PGR) came out with quarterly earnings of $1.81 per share, beating the Zacks Consensus Estimate of $1.14 per share. This compares to earnings of $0.44 per share a year ago. These figures are adjusted for non-recurring items.

This quarterly report represents an earnings surprise of 58.77%. A quarter ago, it was expected that this insurer would post earnings of $1.33 per share when it actually produced earnings of $1.42, delivering a surprise of 6.77%.

Over the last four quarters, the company has surpassed consensus EPS estimates four times.

Progressive, which belongs to the Zacks Insurance - Property and Casualty industry, posted revenues of $10.37 billion for the quarter ended December 2019, surpassing the Zacks Consensus Estimate by 8.37%. This compares to year-ago revenues of $8.61 billion.


...

https://finance.yahoo.com/news/progressi...508332.html

Progressive (PGR) Q3 Earnings Top Estimates, Premiums Up Y/Y

The Progressive Corporation’s PGR third-quarter 2020 earnings per share of $1.87 beat the Zacks Consensus Estimate of $1.69. Moreover, the bottom line increased 31.7% from the year-ago quarter.

Behind the Headlines
Net premiums written were $11.1 billion in the quarter, up 14% from $9.6 billion a year ago. Net premiums earned grew 11% to nearly $10 billion.

Net realized gains on securities were $532.6 million, marking a nearly eight-fold increase year over year.


...

https://finance.yahoo.com/news/progressi...01113.html