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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.
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![[Bild: PGRc1dl1010.png]](https://finviz.com/publish/071819/PGRc1dl1010.png)
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.
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