Insurance coverage holding firm Progressive Company (NYSE: PGR) has reported a pointy enhance in internet earnings for Could 2025, helped by sturdy premium progress.
- Could 2025 internet earnings got here in at $1.07 billion, vs. $235.0 million within the comparable month of 2024
- On a per-share foundation, earnings elevated sharply to $1.81 from $0.40 within the prior-year interval
- Internet premiums written had been $6.63 billion through the month, in comparison with $5.98 billion in Could final yr
- Internet premiums earned elevated 15% to $6.72 billion from $5.86 billion a yr earlier
- The corporate reported a mixed ratio of $86.9% for the month, in comparison with 100.4% final yr
- On the finish of the month, Progressive had 37 million insurance policies in pressure, which is up 16% from the year-ago interval
