Progressive’s September results were strong. The firm reported $0.57 in operating EPS, up 48.7% YoY, and saw a headline combined of 88.3% (down -4pts YoY).
Despite a partial recovery by the end of the month, September closed as the first negative month for both the S&P 500 (-3.9%) and the Inside P&C Select (-5.3%) since March.
Progressive’s August results were solid. The firm reported $0.38 in operating EPS, up 11.6% YoY, and recorded a headline combined of 92.6% (down -0.8pts).
