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Progressive Corp. Reports July Profit Of $813.5 Mln, Stock Rises

August 14, 2024 — 10:08 am EDT

Written by RTTNews.com for RTTNews->

(RTTNews) - Progressive Corp. (PGR), Wednesday on SEC filing reported net income of $813.5 or $1.38 a share for July.

Revenue totaled $6.5 billion, consisting net premiums earned of $6.07 billion.

Combined ratio stood at 88, compared to last year's 90.6, hinting increase in profitability.

Currently, Progressive's stock is trading at $230.10, up 3.54 percent on the New York Stock Exchange.

The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.

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Founded in the late 1990s by Andrew Mariathasan in New York, with the goal of covering Wall Street for a new generation of investors, RTTNews has expanded steadily over the years to become a trusted provider of content for a wide array of subjects across several platforms. RTT's Financial Newswire is relied upon by some of the world's largest financial institutions, including banks, brokerages, trading platforms and financial exchanges.
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