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Progressive Corporation - PGR STOCK NEWS

Welcome to our dedicated page for Progressive Corporation news (Ticker: PGR), a resource for investors and traders seeking the latest updates and insights on Progressive Corporation stock.

Progressive Corporation (NYSE: PGR) is a leading American insurance company specializing in auto and home insurance. Established in 1937 and headquartered in Mayfield Village, Ohio, Progressive has grown to become the second largest auto insurer in the United States and a major player in the homeowners insurance market.

Progressive is well-known for its innovative insurance solutions, offering products for personal and commercial autos, motorcycles, boats, recreational vehicles, and homes. The company's unique services, such as Name Your Price® and Snapshot®, have revolutionized the industry by giving customers more control over their insurance choices. With almost 20 million auto policies in force, Progressive serves over 13 million customers across all 50 states through a robust distribution network of independent agents, online platforms, and direct marketing channels.

Recently, Progressive has focused on expanding its workforce to support its continued growth. In 2024, the company announced a significant hiring initiative to fill various roles, including remote, in-office, and hybrid positions across claims, customer care, IT, legal, and corporate functions. This effort aims to enhance customer service and support the company's expanding customer base.

Progressive's financial health is robust, reflecting consistent year-over-year increases in policies and total revenue. In 2023, the company reported a 25% increase in total revenue compared to the previous year. Progressive's commitment to innovation and customer satisfaction has earned it a spot on FORTUNE's 100 Best Companies to Work For® in 2024, highlighting its inclusive and forward-thinking corporate culture.

For investors, Progressive's stock (PGR) offers a stable and promising opportunity, backed by solid financial performance and a strong business model. The company regularly updates its shareholders with detailed earnings releases and is transparent about its financial operations and strategic initiatives.

Progressive continues to lead the insurance industry with a focus on customer-centric solutions, operational excellence, and a commitment to its employees' and stakeholders' well-being. For more information, visit their website at progressive.com.

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Progressive Insurance® announced its 11th annual Keys to Progress® vehicle giveaway program, which will take place on November 8, 2023. 82 veterans, military-related organizations, and veteran-owned small business owners across the country will receive vehicles that will provide reliable transportation. The vehicles, sourced from Enterprise Rent-A-Car's U.S. fleet, will be delivered with six months of insurance paid for by Enterprise. This year's program brings the total number of donated vehicles through the Keys to Progress program to over 1,000 since 2013.
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Progressive Corporation to host Investor Relations conference call on November 1, 2023
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Crash Champions appoints former Progressive Claims President, Michael Sieger, to its Board of Directors, bringing valuable insights on automotive insurance industry. Crash Champions has doubled its footprint since last year and continues strategic expansion across the U.S.
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Progressive Corporation reports September and Q3 2023 results
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Advent International appoints Kahina Van Dyke as Operating Partner to strengthen its fintech practice.
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Progressive Corporation reports positive financial results for August 2023.
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The Progressive Corporation reported strong results for July 2023, with a 21% increase in net premiums written and a 20% increase in net premiums earned compared to July 2022. However, net income decreased by 12% and earnings per share available to common shareholders declined by 13%. The company also experienced a significant decrease in total pretax net realized gains on securities, which dropped by 71%. The combined ratio increased slightly by 0.8 percentage points to 90.6%. In terms of policies in force, the company saw growth in both Personal Lines and Commercial Lines, with a notable 16% increase in direct auto policies. Overall, Progressive's total business grew by 11% compared to the previous year.
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Progressive Corporation (PGR) reported strong financial results for June 2023 and the second quarter of 2023, with net premiums written and earned showing significant increases of 11% and 20% respectively. Despite a net loss in 2022, the company achieved a net income of $40.9 million in 2023. The total pretax net realized gains on securities also improved by 125% compared to the previous year. Policies in force for personal lines and commercial lines also saw healthy growth, indicating positive business performance.
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The Progressive Corporation reports positive results for May 2023 with increases in net premiums written, net premiums earned, net income, and per share available to common shareholders. However, there were losses on securities and an increase in the combined ratio.
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FAQ

What is the current stock price of Progressive Corporation (PGR)?

The current stock price of Progressive Corporation (PGR) is $266.06 as of November 22, 2024.

What is the market cap of Progressive Corporation (PGR)?

The market cap of Progressive Corporation (PGR) is approximately 155.0B.

What is Progressive Corporation?

Progressive Corporation is a leading American insurance company specializing in auto and homeowners insurance, established in 1937.

Where is Progressive headquartered?

Progressive is headquartered in Mayfield Village, Ohio.

What types of insurance does Progressive offer?

Progressive offers insurance for personal and commercial autos, motorcycles, boats, recreational vehicles, and homes.

How many customers does Progressive serve?

Progressive serves over 13 million customers across all 50 states.

What are some of Progressive's innovative services?

Progressive offers unique services like Name Your Price® and Snapshot® to give customers more control over their insurance choices.

How does Progressive distribute its insurance policies?

Progressive markets its policies through independent insurance agencies, online platforms, and direct marketing channels.

What recent hiring initiatives has Progressive announced?

In 2024, Progressive announced plans to hire thousands of job seekers for various roles, including remote, in-office, and hybrid positions.

What is Progressive's financial condition?

Progressive has a strong financial condition, with consistent year-over-year increases in policies and total revenue, reporting a 25% increase in total revenue in 2023.

What awards has Progressive received for its corporate culture?

Progressive was named one of FORTUNE's 100 Best Companies to Work For® in 2024.

Where can I find more information about Progressive?

You can find more information about Progressive on their website at www.progressive.com.

Progressive Corporation

NYSE:PGR

PGR Rankings

PGR Stock Data

154.98B
583.98M
0.28%
86.67%
0.87%
Insurance - Property & Casualty
Fire, Marine & Casualty Insurance
Link
United States of America
MAYFIELD VILLAGE