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Market Impact: 0.3

Progressive Feb. Net Income Rises

PGR
Corporate EarningsCompany Fundamentals

Progressive reported net income of $943 million for February, up 2% year-over-year. Net income per share available to common shareholders was $1.61 versus $1.58 a year ago (≈+1.9%). The results represent a modest beat and are likely neutral-to-modestly positive for the stock.

Analysis

Progressive reported net income of $943 million for February, up 2% year-over-year. Net income per share available to common shareholders was $1.61 versus $1.58 a year ago (≈+1.9%). The results represent a modest beat and are likely neutral-to-modestly positive for the stock.

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Market Sentiment

Overall Sentiment

mildly positive

Sentiment Score

0.20

Ticker Sentiment

PGR0.20