Progressive rises on higher Q4 profit

The Progressive

29/01/2025 14:55

** Shares of property and casualty insurance company
Progressive Corp  PGR.N  up 2.2% at $250.55 in early trade 
    ** PGR reports a 19% rise in its fourth-quarter profit,
driven by strong demand for personal auto insurance policies
    ** Quarterly net premiums written rise 20% to $18.11 billion
    ** Net income of the insurer rises to $2.36 billion, or
$4.01 per share, in the three months ended Dec. 31, compared
with $1.99 billion, or $3.37 per share, a year ago
    ** Shares of PGR jumped nearly 50% in 2024 

 (Reporting by Pritam Biswas in Bengaluru)
 ((Pritam.Biswas@thomsonreuters.com))