Auto insurance group Progressive Corp. (PGR) reported that its net income for the month of April jumped to $139.5 million from last year's $61.2 million in the same month last year. Net income per share for the month also increased to $0.23 from $0.10 in last year.
Net premiums written for the month grew 7% to $1.782 billion from last year's $1.672 billion. Net premiums earned also rose about 7% to $1.64 billion from $1.528 billion in the year ago month.
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Business News
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.