Progressive 1Q EPS Increases to $2.51
By Michael Dabaie
Progressive Corp. reported first-quarter earnings per share
available to common shareholders of $2.51, up from $1.17 in the
FactSet consensus was for GAAP EPS of $2.07.
The auto insurance company said net premiums written for the
quarter were $11.7 billion, up from $9.9 billion. Net premiums
earned came to $10.4 billion, up from $9.4 billion.
Shares were up 1.5% to $98.60 in premarket trading.
Write to Michael Dabaie at email@example.com
(END) Dow Jones Newswires
April 15, 2021 09:34 ET (13:34 GMT)
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