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Dec 31, 2022
Progressive Q4 2022 Earnings Report
Reported December results with a net income of $5.8 million and an EPS of $0.01.
Key Takeaways
Progressive reported a net income of $5.8 million, or $0.01 per share, for December 2022. Net premiums earned were $4.03 billion, and the combined ratio was 93.3. The company's total assets were $75.465 billion.
Net premiums written increased by 15% to $3.574 billion.
Net premiums earned increased by 12% to $4.030 billion.
The combined ratio was 93.3, a decrease of 1.3 points.
Net income decreased by 99% to $5.8 million.
Forward Guidance
The company's fourth quarter Investor Relations conference call is scheduled for Tuesday, February 28, 2023. The company plans to post its 2022 Shareholders’ Report online and file its Annual Report on Form 10-K with the SEC on Monday, February 27, 2023. The company plans to release January results on Wednesday, February 15, 2023.
Historical Earnings Impact
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Avg. Return Before/After Earnings
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