By Michael Dabaie

 

Progressive Corp. shares were up 4% to $101.00 in early afternoon trading.

Before the market open, the company reported first-quarter earnings per share available to common shareholders of $2.51, up from $1.17 in the year-ago period. 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.

 

Write to Michael Dabaie at michael.dabaie@wsj.com

 

(END) Dow Jones Newswires

April 15, 2021 12:41 ET (16:41 GMT)

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