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.
Progressive Corporation (NYSE: PGR) maintains its leadership in auto and specialty insurance through continuous innovation and strategic market positioning. This news hub provides investors and industry observers with direct access to the company's official communications and market developments.
Track all essential updates through verified press releases, regulatory filings, and strategic announcements. Our curated collection includes earnings disclosures, product launches, leadership changes, and operational milestones that shape Progressive's market trajectory.
Discover updates across key business segments including auto insurance innovations, commercial coverage expansions, and technological advancements in claims processing. The repository serves as a critical resource for understanding Progressive's responses to industry trends and regulatory changes.
Bookmark this page for streamlined access to Progressive's financial communications and market-moving announcements. Combine this resource with our analysis tools for comprehensive investment research.
The Progressive Corporation (NYSE: PGR) released its results for March 2023 and the first quarter of 2023, highlighting significant financial metrics. For March, net premiums written totaled $4.72 billion, up 19% from $3.97 billion in March 2022. The total net premiums earned increased by 17% to $4.32 billion, compared to $3.70 billion the previous year. However, the company reported a net loss of $151.8 million for March, contrasting sharply with a net income of $226.5 million in March 2022. The combined ratio rose to 106.2%, indicating higher losses relative to premiums. Total policies in force reached 28.79 million, a 9% increase from 26.45 million in the prior year.
The Progressive Corporation (NYSE:PGR) reported strong financial results for February 2023, showing notable growth in net premiums written, which reached $6.06 billion, up 31% from $4.63 billion in February 2022. Net premiums earned also increased by 15%, totaling $4.17 billion compared to $3.63 billion a year earlier. The net income rose significantly by 144% to $150.3 million, yielding $0.25 per share available to common shareholders, a 149% increase from $0.10 per share last year. The company maintained a combined ratio of 95.1, which is slightly higher than 93.7 in the previous year, indicating a manageable level of underwriting profitability.
The Progressive Corporation (NYSE:PGR) declared a dividend of $0.10 per common share on March 3, 2023. This dividend is payable on April 14, 2023, to shareholders recorded by the close of business on April 6, 2023, with an ex-dividend date of April 5, 2023.
Additionally, Progressive appointed itself as the calculation agent for its Series B Fixed-to-Floating Rate Cumulative Perpetual Serial Preferred Shares, with the floating rate period commencing on March 15, 2023.
On February 21, 2023, The Progressive Corporation (NYSE: PGR) announced an Investor Relations event to be held on February 28, 2023, at 9:30 a.m. ET. This 90-minute session will feature a presentation on usage-based insurance and a Q&A with CEO Tricia Griffith and CFO John Sauerland. Participants must register to join the call or webcast. Progressive will also file its Annual Report on Form 10-K with the SEC on February 27, and the Shareholders’ Report will be accessible on its website. Replays of the webcast will be available after the event.
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