Welcome to our dedicated page for Progress Oh news (Ticker: PGR), a resource for investors and traders seeking the latest updates and insights on Progress Oh stock.
The Progressive Corporation (NYSE: PGR), based in Mayfield Village, Ohio, regularly issues news and updates under the Progressive Insurance® brand covering its activities in car insurance, home insurance, and other protection needs. This news page aggregates company announcements so readers can follow developments at one of the largest personal auto insurers in the United States and a significant provider of commercial auto, motorcycle, boat, recreational vehicle, and homeowners insurance.
Progressive’s news flow frequently includes monthly and quarterly financial results, where the company reports net premiums written, net premiums earned, net income, combined ratio, and policies in force across personal and commercial lines. These releases are often accompanied by Form 8-K filings that reference the same financial information, giving investors and analysts insight into trends in its property and casualty insurance operations.
In addition to earnings-related items, Progressive issues news on dividend declarations, annual meeting record dates, and investor relations events, such as conference calls and webcasts associated with its quarterly reports and shareholder communications. These updates provide context on capital returns and key dates for shareholders of PGR.
The company also publishes business and partnership announcements, such as its expanded relationship with Best Egg, Inc. as a personal loan provider within Progressive’s ecosystem, and research-based communications, including surveys on driver education and road safety released in connection with National Teen Driver Safety Week. Together, these categories of news give a broader view of how Progressive engages with customers, partners, and the driving public.
Investors and observers who track PGR news can use this page to follow Progressive’s reported financial performance, capital actions, collaborations, and consumer-focused studies, all of which reflect its role in the direct property and casualty insurance industry.
Progressive Corporation (NYSE:PGR) announced key financial results for November 2021, reporting a net income of $195.2 million, down 74% from $739.8 million in 2020. The net premiums written increased by 11% to $3,289.4 million, while net premiums earned rose 14% to $3,590.4 million. The combined ratio improved to 91.9 from 86.6, indicating better operational efficiency. Companywide total revenue surged by 7% to $26,540.9 million. Despite overall revenue growth, the significant drop in net income is a concern for investors.
The Progressive Corporation (NYSE:PGR) has declared an annual common share dividend of $1.50 per share, payable on December 29, 2021, to shareholders on record by December 20, 2021. Additionally, a quarterly dividend of $0.10 per share is set for January 14, 2022, for those recorded by January 7, 2022. The Board anticipates maintaining this quarterly dividend in 2022. Moreover, a dividend of $26.875 per Series B Preferred Share will be issued on March 15, 2022, amounting to a total of $13.4 million. The record date for the Annual Meeting is March 18, 2022.
The Progressive Corporation (NYSE:PGR) reported its October 2021 results, showing a net premium written of $4.35 billion, a 15% increase from last year. Net premiums earned reached $4.40 billion, up 13%. Net income rose to $373.8 million, a significant 57% increase, translating to $0.63 per share, compared to $0.40 in 2020. The combined ratio improved to 97.2, reflecting operational efficiency. The company also noted total pretax net realized gains of $302.1 million against losses of $40.3 million in the previous year. Overall, Progressive demonstrated strong financial performance in a competitive market.
Progressive Insurance will host its annual Keys to Progress vehicle giveaway on November 9, 2021, marking the ninth consecutive year of this initiative. The program will provide 45 veterans and five military organizations with reliable vehicles, contributing to improved transportation and quality of life. Since its inception in 2013, over 800 vehicles have been donated, with support from partners like Enterprise Rent-A-Car, which covers the first six months of insurance. The giveaway is an important step towards honoring and supporting military families.
Progressive Insurance has announced the release of a new book, Dr. Rick Will See You Now, aimed at tackling the phenomenon of Parentamorphosis during the holiday season. Authored by Dr. Rick, the book offers humorous advice to help individuals manage parental behaviors that often surface during family gatherings. The limited-edition book is available for pre-order for a nominal shipping cost. This initiative follows a successful marketing campaign and highlights the importance of humor in alleviating holiday stress.
The Progressive Corporation (NYSE: PGR) will host an Investor Relations conference call on November 3, 2021, at 9:30 a.m. ET. The call will last 60 minutes and include a Q&A session with CEO Tricia Griffith and CFO John Sauerland. A Quarterly Report on Form 10-Q will be filed on November 2, 2021, accessible on their website along with a Letter to Shareholders. Call-in details for the conference will be available on Progressive’s investor page. Replays of the call will be accessible shortly after it concludes and will remain available until November 4, 2022.
Progressive Insurance and Fidelity Life have launched RAPIDecision Life One℠, a one-year term life insurance product specifically aimed at first-time buyers. This policy enables quick online quotes with no medical exam required, starting at $7 per month for coverage options from $50,000 to $200,000. The initiative targets younger consumers desiring affordable coverage without long-term commitment, allowing beneficiaries to cover essential costs.
The Progressive Corporation (NYSE:PGR) announced its financial results for September 2021 and the third quarter of 2021. Key highlights include a 15% increase in net premiums written at $4,004 million compared to $3,468 million in 2020. Net premiums earned also rose by 14%, totaling $3,537.5 million. However, the company reported a net loss of $130.3 million, contrasting with a profit of $231.4 million in the same period last year. The combined ratio for the quarter was 100.1, indicating a slight deterioration from 88.3 in the previous year.
Progressive Insurance has appointed Remi Kent as the new Chief Marketing Officer, effective November 1, 2021. Kent previously served as the Global Chief Marketing Officer at 3M, overseeing e-commerce and marketing strategies. She succeeds Jeff Charney, who announced his retirement in March 2021. Kent is noted for her extensive experience and commitment to diversity and inclusion, having held various leadership roles at 3M and Procter & Gamble. The leadership change aims to strengthen the brand's growth and innovation initiatives.
The Progressive Corporation (NYSE:PGR) reported mixed results for August 2021. Net premiums written increased by 13% year-over-year, totaling $3,890.9 million, while net premiums earned rose by 14% to $3,513.8 million. However, the company reported a net loss of $6.6 million, a significant decline from a profit of $487.4 million a year earlier, resulting in a loss per share of $0.02. The combined ratio worsened to 105.3 from 92.6, indicating increased underwriting losses. Conversely, total pretax net realized gains on securities dropped by 60%, totaling $131.5 million, down from $330.9 million.
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