Progressive climbs after strong January results

The Progressive

19/02/2025 19:20

** Shares of auto insurer Progressive  PGR.N  rise 1.7% to
$268.65
    ** PGR reports net income of $1.90/shr for January, compared
with $1.18/shr a year earlier
    ** The 61% jump in net income was powered by robust growth
in policies in force, which rose 18% to 35.3 million in January
    ** J.P.Morgan says the January results affirm its bullish
stance on PGR, adding that it expects the firm's top-tier
personal auto insurance franchise to drive strong margins and
growth over time
    ** William Blair says despite PGR having a very strong run
in 2024, January results indicate that there is room for further
growth this year
    ** PGR stock jumped 50.4% in 2024

 (Reporting by Arasu Kannagi Basil in Bengaluru)
 ((ArasuKannagi.Basil@thomsonreuters.com;))