earnings
confidence high
sentiment positive
materiality 0.70
Progressive reports July net income $813.5M, diluted EPS $1.38, combined ratio 88.0%
PROGRESSIVE CORP/OH/
2024-Q2 EPS reported
$6.42
revenue$35,376,800,000
- Net premiums written $6.38B, net premiums earned $6.07B for July.
- Diluted EPS $1.38; YTD diluted EPS $7.80.
- Companywide combined ratio 88.0% for July (vs 90.6% prior year).
- Policies in force 32.9M, up 11% YoY; Personal Lines up 12%, Property up 13%.
- Book value per share $42.51; trailing 12-month ROE 35.3%.