earnings
confidence high
sentiment positive
materiality 0.65
Progressive posts 87.3 combined ratio for January 2024, net income $700.7M
PROGRESSIVE CORP/OH/
2023-FY EPS reported
$6.58
revenue$62,108,500,000
- Net premiums written $5,495.7M, net premiums earned $5,386.0M.
- Diluted EPS $1.18, net income $700.7M.
- Combined ratio 87.3 vs 96.0 a year ago, improving 8.7 points.
- Total policies in force up 8% YoY to 29.95M, led by personal auto up 8%.
- Trailing 12-month net income ROE 23.9%, book value per share $35.10.