FX.co ★ Progressive Reports May Net Income Of $235.7 Mln

Progressive Corp. (PGR) announced its financial results for May on Friday, revealing a net income of $235.7 million, or $0.40 per share.

The company reported total revenues of $6.33 billion for the month. It recorded $5.98 billion in net premiums written and $5.86 billion in net premiums earned.

For the year-to-date period, Progressive achieved a net income of $2.99 million, or $5.06 per share.

The firm's total revenues for this period were $29.22 billion, with net premiums written amounting to $31.12 billion and net premiums earned totaling $27.58 billion.

Progressive Corp. is scheduled to release its June results on July 16.