No Result
View All Result
SUBMIT YOUR ARTICLES
  • Login
Thursday, October 30, 2025
TheAdviserMagazine.com
  • Home
  • Financial Planning
    • Financial Planning
    • Personal Finance
  • Market Research
    • Business
    • Investing
    • Money
    • Economy
    • Markets
    • Stocks
    • Trading
  • 401k Plans
  • College
  • IRS & Taxes
  • Estate Plans
  • Social Security
  • Medicare
  • Legal
  • Home
  • Financial Planning
    • Financial Planning
    • Personal Finance
  • Market Research
    • Business
    • Investing
    • Money
    • Economy
    • Markets
    • Stocks
    • Trading
  • 401k Plans
  • College
  • IRS & Taxes
  • Estate Plans
  • Social Security
  • Medicare
  • Legal
No Result
View All Result
TheAdviserMagazine.com
No Result
View All Result
Home Market Research Business

Progressive profit more than doubles on strong personal insurance growth

by TheAdviserMagazine
4 months ago
in Business
Reading Time: 1 min read
A A
Progressive profit more than doubles on strong personal insurance growth
Share on FacebookShare on TwitterShare on LInkedIn


(Reuters) -Progressive Corp reported second-quarter profit that more than doubled on Wednesday, boosted by robust performance in its personal lines insurance business, sending its shares up 1.5%.

Insurance spending remained resilient during the quarter, as businesses and individuals continued spending on policies to protect against risks in a tough macroeconomic environment, despite rising premiums.

Insurance companies were also helped by a solid U.S. job growth. The company had 36.1 million personal insurance policies in force, 16% higher than last year.

Net premiums written rose 12% to $20.08 billion in the quarter and its combined ratio improved to 86.2% from 91.9% year-on-year. A ratio below 100% indicates the insurer earned more in premiums than it paid out in claims.

Net income of the insurer came in at $3.18 billion, or $5.40 per share, in the three months ended June 30, compared with $1.46 billion, or $2.48 per share, a year ago.

The Mayfield Village, Ohio-based company’s shares have gained nearly 1% in 2025, as of last close, compared to a 6.2% rise in the benchmark S&P 500 index.

(Reporting by Pritam Biswas in Bengaluru; Editing by Tasim Zahid)



Source link

Tags: DoublesgrowthInsurancePersonalprofitProgressivestrong
ShareTweetShare
Previous Post

India’s Embassy REIT to tap debt market with Rs 2,000 crore bond sale, sources say

Next Post

8 Personal Finance Habits That Make You Look Financially Illiterate

Related Posts

edit post
Stock-picking key to generating alpha in a sideways market: Mihir Vora

Stock-picking key to generating alpha in a sideways market: Mihir Vora

by TheAdviserMagazine
October 30, 2025
0

As global trade tensions continue to shape investor sentiment, market experts are closely monitoring the prospects of a tariff settlement...

edit post
Guardant Health raises 2025 revenue outlook to 0M with Shield partnerships and strong oncology growth (NASDAQ:GH)

Guardant Health raises 2025 revenue outlook to $970M with Shield partnerships and strong oncology growth (NASDAQ:GH)

by TheAdviserMagazine
October 30, 2025
0

Seeking Alpha's Disclaimer: The earnings call insights are compilations of earnings call transcripts and other content available on the Seeking...

edit post
Bitcoin, Ethereum dip after Fed chair hints that 25-point rate cut may be last of 2025

Bitcoin, Ethereum dip after Fed chair hints that 25-point rate cut may be last of 2025

by TheAdviserMagazine
October 30, 2025
0

The crypto markets fell slightly on Wednesday after Jerome Powell, chair of the Federal Reserve Board, hinted that an October...

edit post
Groww announces IPO dates as regulatory uncertainty looms over stock brokers

Groww announces IPO dates as regulatory uncertainty looms over stock brokers

by TheAdviserMagazine
October 29, 2025
0

Online brokerage Groww will kick off one of the most anticipated public issues of the year in the first week...

edit post
Boot Barn outlines .2B sales target and 1,200-store expansion amid raised TAM to B (NYSE:BOOT)

Boot Barn outlines $2.2B sales target and 1,200-store expansion amid raised TAM to $58B (NYSE:BOOT)

by TheAdviserMagazine
October 29, 2025
0

Seeking Alpha's Disclaimer: The earnings call insights are compilations of earnings call transcripts and other content available on the Seeking...

edit post
The CEOs of Apple, Airbnb, and PepsiCo agree on one thing: life as a business leader is incredibly lonely

The CEOs of Apple, Airbnb, and PepsiCo agree on one thing: life as a business leader is incredibly lonely

by TheAdviserMagazine
October 29, 2025
0

Being CEO has its many perks: Business leaders get to command the world’s most powerful companies, shape their legacies as...

Next Post
edit post
8 Personal Finance Habits That Make You Look Financially Illiterate

8 Personal Finance Habits That Make You Look Financially Illiterate

edit post
England’s GRIDSERVE secures €115M to accelerate high-power EV charging across UK’s busiest roads

England’s GRIDSERVE secures €115M to accelerate high-power EV charging across UK’s busiest roads

  • Trending
  • Comments
  • Latest
edit post
77-year-old popular furniture retailer closes store locations

77-year-old popular furniture retailer closes store locations

October 18, 2025
edit post
Pennsylvania House of Representatives Rejects Update to Child Custody Laws

Pennsylvania House of Representatives Rejects Update to Child Custody Laws

October 7, 2025
edit post
What to Do When a Loved One Dies in North Carolina

What to Do When a Loved One Dies in North Carolina

October 8, 2025
edit post
Another Violent Outburst – Democrats Inciting Civil Unrest

Another Violent Outburst – Democrats Inciting Civil Unrest

October 24, 2025
edit post
Probate vs. Non-Probate Assets: What’s the Difference?

Probate vs. Non-Probate Assets: What’s the Difference?

October 17, 2025
edit post
California Attorney Pleads Guilty For Role In 2M Ponzi Scheme

California Attorney Pleads Guilty For Role In $912M Ponzi Scheme

October 15, 2025
edit post
TeraWulf Rockets On Expanded AI Venture With Fluidstack, Google

TeraWulf Rockets On Expanded AI Venture With Fluidstack, Google

0
edit post
Here’s How the Fed’s Rate Cut Will Impact Real Estate During the Holidays

Here’s How the Fed’s Rate Cut Will Impact Real Estate During the Holidays

0
edit post
Stock-picking key to generating alpha in a sideways market: Mihir Vora

Stock-picking key to generating alpha in a sideways market: Mihir Vora

0
edit post
The Best Long-Term Rental Markets According to the Data (and Common Sense)

The Best Long-Term Rental Markets According to the Data (and Common Sense)

0
edit post
Radioactive Tsunamis | Armstrong Economics

Radioactive Tsunamis | Armstrong Economics

0
edit post
Binance Responds to Charges of Supporting Trump-Family Crypto USD1 and WLFI Soon After CZ Pardon

Binance Responds to Charges of Supporting Trump-Family Crypto USD1 and WLFI Soon After CZ Pardon

0
edit post
Stock-picking key to generating alpha in a sideways market: Mihir Vora

Stock-picking key to generating alpha in a sideways market: Mihir Vora

October 30, 2025
edit post
Binance Responds to Charges of Supporting Trump-Family Crypto USD1 and WLFI Soon After CZ Pardon

Binance Responds to Charges of Supporting Trump-Family Crypto USD1 and WLFI Soon After CZ Pardon

October 30, 2025
edit post
Guardant Health raises 2025 revenue outlook to 0M with Shield partnerships and strong oncology growth (NASDAQ:GH)

Guardant Health raises 2025 revenue outlook to $970M with Shield partnerships and strong oncology growth (NASDAQ:GH)

October 30, 2025
edit post
Bitcoin, Ethereum dip after Fed chair hints that 25-point rate cut may be last of 2025

Bitcoin, Ethereum dip after Fed chair hints that 25-point rate cut may be last of 2025

October 30, 2025
edit post
Radioactive Tsunamis | Armstrong Economics

Radioactive Tsunamis | Armstrong Economics

October 30, 2025
edit post
Xi strikes conciliatory tone as he meets Trump in South Korea

Xi strikes conciliatory tone as he meets Trump in South Korea

October 29, 2025
The Adviser Magazine

The first and only national digital and print magazine that connects individuals, families, and businesses to Fee-Only financial advisers, accountants, attorneys and college guidance counselors.

CATEGORIES

  • 401k Plans
  • Business
  • College
  • Cryptocurrency
  • Economy
  • Estate Plans
  • Financial Planning
  • Investing
  • IRS & Taxes
  • Legal
  • Market Analysis
  • Markets
  • Medicare
  • Money
  • Personal Finance
  • Social Security
  • Startups
  • Stock Market
  • Trading

LATEST UPDATES

  • Stock-picking key to generating alpha in a sideways market: Mihir Vora
  • Binance Responds to Charges of Supporting Trump-Family Crypto USD1 and WLFI Soon After CZ Pardon
  • Guardant Health raises 2025 revenue outlook to $970M with Shield partnerships and strong oncology growth (NASDAQ:GH)
  • Our Great Privacy Policy
  • Terms of Use, Legal Notices & Disclosures
  • Contact us
  • About Us

© Copyright 2024 All Rights Reserved
See articles for original source and related links to external sites.

Welcome Back!

Login to your account below

Forgotten Password?

Retrieve your password

Please enter your username or email address to reset your password.

Log In
No Result
View All Result
  • Home
  • Financial Planning
    • Financial Planning
    • Personal Finance
  • Market Research
    • Business
    • Investing
    • Money
    • Economy
    • Markets
    • Stocks
    • Trading
  • 401k Plans
  • College
  • IRS & Taxes
  • Estate Plans
  • Social Security
  • Medicare
  • Legal

© Copyright 2024 All Rights Reserved
See articles for original source and related links to external sites.