Progressive's (PGR) Q1 Earnings, Revenues Top, Premiums Rise Y/Y

The Progressive Corporation’s (PGR) first-quarter 2024 earnings per share of $3.83 beat the Zacks Consensus Estimate of$ 3.20. The bottom line improved nearly eight times year over year.Shares gained 2.8% in the pre-market trading session to reflect the outperformance.Behind the HeadlinesNet premiums written were $19 billion in the quarter, up 18% from$ 16.1 billion a year ago. Premiums beat our estimate of $17.6 billion.Net premiums earned grew 19% to$ 16 billion and beat our estimate of $14.4 billion.Oper ...