Plus   Neg

Progressive Corp. May Profit Surges

Progressive Corp. (PGR) reported that its net income attributable to common shareholders for the month of May 2020 surged to $366.9 million or $0.62 per share from $78.5 million or $0.13 per share in the prior year.

Total pretax net realized gains on securities was $210.6 million, compared to loss of $204.3 million in the prior year.

Net premiums written for the month grew to $3.17 billion from $2.66 billion in the previous year.

Net premiums earned was $2.99 billion up from $2.73 billion in the prior yer.

For comments and feedback contact: editorial@rttnews.com

Business News

Editors Pick
Apple topped Amazon and Google to become the world's most valuable brand for the first time since 2016 after its brand value jumped 87 percent to $263.4 billion, according to the Brand Finance Global 500 2021 ranking by Brand Finance, a brand valuation consultancy. Amazon is in the second position with a brand value of $254.2 billion, and Google came third with a valuation of $191.2 billion. Boeing Co. (BA) on Wednesday reported fourth-quarter net loss attributable to Boeing shareholders of $8.42 billion or $14.65 per share, sharply wider than $1.01 billion or $1.79 per share in the year-ago quarter, primarily reflecting the impacts of COVID-19, 737 MAX grounding and commercial widebody... AT&T Inc. (T) Wednesday reported a loss for its fourth-quarter compared to a profit in the prior year, due to non-cash asset impairments and impact of lower revenue. Quarterly revenues declined 2.4 percent, hurt by the COVID-19 pandemic across all segments. It expects annual adjusted earnings per share to be stable with last year, and revenue growth in the 1 percent range.
Follow RTT