Progressive Up 4%; 1Q EPS Increases to $2.51
By Michael Dabaie
Progressive Corp. shares were up 4% to $101.00 in early
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 email@example.com
(END) Dow Jones Newswires
April 15, 2021 12:41 ET (16:41 GMT)
Copyright (c) 2021 Dow Jones & Company, Inc.