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0.0011731581417175 0.0011731581417175 0.0011731581417175 0.00389488503050204 0.00389488503050204 0.0011731581417175 0.0011731581417175 0.00891600187705292
Stock impact report

Progressive Q4 Earnings Call Highlights [Yahoo! Finance]

Progressive Corporation (The) (PGR) 
Last progressive corporation (the) earnings: 4/15 08:35 am Check Earnings Report
US:NYSE Investor Relations: investors.progressive.com
Company Research Source: Yahoo! Finance
policies, moving to roughly private-auto market share and generating nearly $13 billion in comprehensive income with a ~40% ROE, driven by a sub-90 combined ratio and 7% investment returns. Management secured regulatory approval to raise operating leverage toward a 3.5:1 premiums-to-surplus limit (freeing about $1.6 billion), reaffirmed a mandate to grow while targeting an enterprise combined ratio =96, and returned capital via a $13.50 variable dividend and more active share repurchases. Progressive's investment portfolio neared ~$100 billion and is conservatively positioned—about 95% fixed income , double A-minus average credit quality, 2023 total return of 7.33% and duration near 3.5 years—while CFO John Sauerland will retire in July and Andrew Quigg is expected to succeed him. Interested in The Progressive Corporation? Here are five stocks we like better. Lemonade's Tesla Deal Could Rewrite How Auto Insurance Is Priced Progressive (NYSE:PGR) used its fourth-quarter inves Show less Read more
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