Insurance coverage holding firm Progressive Company (NYSE: PGR) reported double-digit development in premiums and earnings for the third quarter of fiscal 2025.
- Third-quarter web revenue elevated to $2.62 billion from $2.33 billion within the corresponding quarter of FY24
- On a per-share foundation, Q3 earnings had been $4.45, in comparison with $3.97 within the prior-year quarter
- Internet premiums written rose to $21.4 billion within the September quarter from $19.46 billion in final 12 months’s Q3
- At $20.8 billion, web premiums earned had been up 14% year-over-year within the third quarter
- On the finish of the quarter, the variety of company-wide insurance policies was 38.1 million, up 12% YoY
- In September, web revenue declined 48% year-over-year to $305 million or $0.52 per share
- At $7.2 billion, web premiums written had been up 8% year-over-year in September
