Auto insurance group Progressive Corp. (PGR) posted higher first-quarter net income of $308.6 million, or $0.51 per share, compared with last year's $257.6 million, or $0.42 per share. On average, 19 analysts polled by Thomson Reuters expected earnings per share of $0.44 for the quarter. Analysts' estimates typically exclude one-time items.
Quarterly net premiums written totaled $4.45 billion, up 7% from $4.16 billion a year ago, with net premiums earned rising 8% year-over-year to $4.18 billion, from $3.86 billion. Eleven analysts projected revenue of $4.44 billion for the period.
During March 2013, the company's net income, however, slid 3% to $74.2 million, or $0.12 per share, from $76.3 million, or $0.13 per share in March 2012. On the other hand, monthly net premiums written went up 7% to $1.42 billion, and net premiums earned advanced by 8% year-over-year to $1.3 billion.
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June 05, 2026 16:18 ET A busy week for economic news flow saw a slew of reports being released that reflected the trends in the U.S. labor market. In Europe, economic growth and inflation data gained attention as the European Central Bank and Bank of England head for policy session later in the month. In Asia, the monetary policy session of the Indian central bank was in focus as the country, a major oil importer, reels under the pressures of a weaker rupee and rising inflation.