Progressive Corp. (PGR) Misses Q1 EPS by 6c
Get Alerts PGR Hot Sheet
Price: $213.19 +0.09%
EPS Growth %: -100.0%
Financial Fact:
Net income: 198.7M
Today's EPS Names:
SFST, VLTO, CLIR, More
EPS Growth %: -100.0%
Financial Fact:
Net income: 198.7M
Today's EPS Names:
SFST, VLTO, CLIR, More
Join SI Premium – FREE
Progressive Corp. (NYSE: PGR) reported Q1 EPS of $0.44, $0.06 worse than the analyst estimate of $0.50. Revenue for the quarter came in at $5.82 billion versus the consensus estimate of $5.69 billion.
March | First Quarter | ||||||||||||||||||||||||||||||||
(millions, except per share amounts and ratios; unaudited) | 2016 | 2015 | Change | 2016 | 2015 | Change | |||||||||||||||||||||||||||
Net premiums written | $ | 1,859.1 | $ | 1,606.3 | 16 | % | $ | 5,818.4 | $ | 5,066.8 | 15 | % | |||||||||||||||||||||
Net premiums earned | $ | 1,676.2 | $ | 1,457.4 | 15 | % | $ | 5,317.4 | $ | 4,666.3 | 14 | % | |||||||||||||||||||||
Net income attributable to Progressive | $ | 60.8 | $ | 120.7 | (50) | % | $ | 258.2 | $ | 295.6 | (13) | % | |||||||||||||||||||||
Per share | $ | 0.10 | $ | 0.20 | (49) | % | $ | 0.44 | $ | 0.50 | (12) | % | |||||||||||||||||||||
Total pretax net realized gains (losses) on | |||||||||||||||||||||||||||||||||
securities (including net impairment losses) | $ | 13.4 | $ | 9.8 | 37 | % | $ | 17.4 | $ | 33.0 | (47) | % | |||||||||||||||||||||
Combined ratio | 97.6 | 90.0 | 7.6 pts. | 94.6 | 92.7 | 1.9 pts. | |||||||||||||||||||||||||||
Average diluted equivalent shares | 585.0 | 590.4 | (1) | % | 585.5 | 591.0 | (1) | % | |||||||||||||||||||||||||
For earnings history and earnings-related data on Progressive Corp. (PGR) click here.
Serious News for Serious Traders! Try StreetInsider.com Premium Free!
You May Also Be Interested In
- Lockheed Martin (LMT) Tops Q1 EPS by 53c, Beats on Revenue; Offers FY24 Guidance
- Philip Morris (PM) beats Q1 earnings, revenue estimates; issues upbeat guidance
- Lockheed Martin (LMT) Tops Q1 EPS by 59c, Beats on Revenue; Offers FY24 Guidance
Create E-mail Alert Related Categories
EarningsRelated Entities
EarningsSign up for StreetInsider Free!
Receive full access to all new and archived articles, unlimited portfolio tracking, e-mail alerts, custom newswires and RSS feeds - and more!