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Progressive Reports $4.37 Q3 GAAP EPS, Missing Estimates by $0.08

Net premiums written reached $22.3 billion, up 4.3% year over year but $210 million below estimates.

A red umbrella rests beside a quiet suburban home in morning light / TokenPost.ai
A red umbrella rests beside a quiet suburban home in morning light / TokenPost.ai

Progressive reported third-quarter GAAP earnings per share of $4.37, missing estimates by $0.08, while net premiums written rose year over year but fell short of expectations.

Net premiums written totaled $22.3 billion, up 4.3% from a year earlier and $210 million below estimates.

John Kim

John Kim reports on the digital-asset business for TokenPost. Send corrections or tips to info@tokenpost.com.

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