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.
The Progressive Corporation (NYSE:PGR) revealed its January 2022 results, showcasing a 12% increase in net premiums written to $4,585.2 million compared to $4,104.2 million in January 2021. Net premiums earned rose by 13% to $4,474.8 million from $3,947.8 million year-over-year. However, the net income plummeted by 95%, falling to $25.8 million from $557.5 million, while earnings per share dropped 96% to $0.04 from $0.95. The combined ratio worsened to 92.9 from 86.3, indicating increased operational costs. Total policies in force increased by 6% to 26,452.6 thousand.
The Progressive Corporation (NYSE:PGR) reported its December 2021 and fourth quarter results, showing a net income of $393.3 million, down 44% from $706 million a year earlier. For the fourth quarter, net premiums written increased by 12% to $3.1 billion, while net premiums earned rose 14% to $3.6 billion. The combined ratio was 94.6%, worsening from 85.2% year-over-year. Total pretax net realized gains on securities dropped 35% compared to 2020. Despite a decrease in net income and profit margins, Progressive's net premium growth indicates steady demand.
Immortals has partnered with Progressive Insurance in a multi-year agreement to sponsor its League of Legends team, now called Immortals Progressive. This marks the first LCS naming rights deal for Immortals. The collaboration includes themed jerseys, community tournaments, and a branded streaming program with LCS players. Immortals aims to enhance fan engagement with interactive initiatives and giveaways. The partnership is set to launch with the LCS Lock In tournament starting January 13, 2022, where viewers can watch Immortals Progressive compete.
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.
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