Progressive Corp News

Progressive Q4 Net Income Up 141% as Combined Ratio Exceeds Goal for 2023

Progressive Corp. said fourth quarter 2023 net income jumped to nearly $2 billion compared to about $826 million a year ago during the same period. The Mayfield Village, Ohio-based insurer reported some quarterly and year results as it announced its …

Buffett’s Geico Offers $2.5 Billion Credits as Coronavirus Cuts Driving

Geico Corp, part of billionaire Warren Buffett’s Berkshire Hathaway Inc, said on Tuesday it will offer about $2.5 billion of credits to its 19 million auto and motorcycle policyholders, reflecting the decline in driving stemming from the coronavirus pandemic. The …