Market Overview

Progressive: Q4 Earnings Insights

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Shares of Progressive (NYSE:PGR) were flat after the company reported Q4 results.

Quarterly Results

Earnings per share were down 13.26% year over year to $1.57, which missed the estimate of $1.66.

Revenue of $10,209,000,000 higher by 3.16% from the same period last year, which missed the estimate of $10,320,000,000.

Outlook

Progressive hasn't issued any earnings guidance for the time being.

Revenue guidance hasn't been issued by the company for now.

Price Action

52-week high: $102.05

Company's 52-week low was at $62.18

Price action over last quarter: down 5.92%

Company Profile

Progressive underwrites private and commercial auto insurance and specialty lines; it has almost 20 million personal auto policies in force and is the fourth- largest auto insurer in the United States. Progressive markets its policies through independent insurance agencies in the U.S. and Canada and directly via the Internet and telephone. Its premiums are split roughly equally between the agent and the direct channel. The company also offers commercial auto policies and entered homeowners insurance through an acquisition in 2015.

 

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Posted-In: BZI-RecapsEarnings News

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