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
The U.S. Food and Drug Administration said that it will rapidly work toward finalization and issuance of an emergency use authorization of Johnson & Johnson's (JNJ) single-shot COVID-19 vaccine candidate. Billionaire Warren Buffett's Berkshire Hathaway Inc. (BRK.A, BRK.B) reported that its fourth-quarter net earnings attributable to shareholders rose 23 percent to $35.84 billion from last year's $29.16 billion, with earnings per share improving to $23,015 per Class A share from $17,909 per Class A share in the prior year. Walmart Inc. has launched a nationwide drive to boost COVID-19 vaccination rates by reaching out to more residents in vulnerable communities. The retail giant will organize a series of community events at 43 locations in 18 states to administer the COVID-19 vaccine. Walmart said it plans to continue these new events over the next several weeks as vaccine allocations allow.
Follow RTT