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THE PROGRESSIVE CORPORATION

(PGR)
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Progressive Posts August Loss Amid Hurricane Claims

09/17/2021 | 06:40am EDT

By Matt Grossman

Progressive Corp. Friday posted a monthly loss in August as claims from Hurricane Ida weighed on the company's net result.

Progressive logged an August net loss of $6.6 million, or 2 cents a share. Last year, the insurer's August earnings were $487.4 million, or a profit of 83 cents a share.

Revenue in the month was $3.79 billion, against expenses of $3.8 billion.

The company recorded $341.9 million of catastrophe losses associated with Hurricane Ida in August.

Write to Matt Grossman at matt.grossman@wsj.com

(END) Dow Jones Newswires

09-17-21 0840ET

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Analyst Recommendations on THE PROGRESSIVE CORPORATION
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Financials (USD)
Sales 2021 46 218 M - -
Net income 2021 3 027 M - -
Net Debt 2021 - - -
P/E ratio 2021 17,7x
Yield 2021 4,17%
Capitalization 52 849 M 52 849 M -
Capi. / Sales 2021 1,14x
Capi. / Sales 2022 1,04x
Nbr of Employees 43 326
Free-Float 73,1%
Chart THE PROGRESSIVE CORPORATION
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The Progressive Corporation Technical Analysis Chart | PGR | US7433151039 | MarketScreener
Technical analysis trends THE PROGRESSIVE CORPORATION
Short TermMid-TermLong Term
TrendsBearishBearishNeutral
Income Statement Evolution
Consensus
Sell
Buy
Mean consensus HOLD
Number of Analysts 15
Last Close Price 90,34 $
Average target price 94,85 $
Spread / Average Target 4,99%
EPS Revisions
Managers and Directors
Susan Patricia Griffith President, Chief Executive Officer & Director
John P. Sauerland Chief Financial Officer & Vice President
Lawton Wehle Fitt Chairman
Steven A. Broz Chief Information Officer
Jonathan Bauer Chief Investment Officer
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