Insurer Progressive Corp. (PGR) reported that July net income soared 111 percent to $812.0 million or $1.38 per share from $384.9 million or $0.65 per share in the prior-year month.

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Insurer Progressive Corp. (PGR) reported that July net income soared 111 percent to $812.0 million or $1.38 per share from $384.9 million or $0.65 per share in the prior-year month.

RTTNews | Aug 19, 2020 08:34AM EDT

08:34 Wednesday, August 19, 2020 (RTTNews.com) - Insurer Progressive Corp. (PGR) reported that July net income soared 111 percent to $812.0 million or $1.38 per share from $384.9 million or $0.65 per share in the prior-year month.

Net premiums written for the month grew 12 percent to $4.11 billion from $3.68 billion last year. Net premiums earned also increased 10 percent to $3.78 billion from last year's $3.43 billion.

Read the original article on RTTNews ( https://www.rttnews.com/3122500/progressive-corp-july-profit-soars-111-quick-facts.aspx)

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