Progressive (PGR) on Wednesday reported net income for May of $2.47 per share, up from $1.81 a year earlier.
Net premiums earned in May were $7.36 billion, compared with $6.72 billion a year earlier, according to Progressive.
The company said it had 39,970 policies in force as of May 31, compared with 37,002 a year earlier.
Disclaimer: Investing carries risk. This is not financial advice. The above content should not be regarded as an offer, recommendation, or solicitation on acquiring or disposing of any financial products, any associated discussions, comments, or posts by author or other users should not be considered as such either. It is solely for general information purpose only, which does not consider your own investment objectives, financial situations or needs. TTM assumes no responsibility or warranty for the accuracy and completeness of the information, investors should do their own research and may seek professional advice before investing.