Progressive said its net income for July 2024 was $813.5 million, or $1.38 per diluted share, and its combined ratio for the month was 88.0. The same table showed the combined ratio for the prior-year month at 90.6.

1. 01

   Progressive said its net income for July 2024 was $813.5 million, or $1.38 per diluted share, and its combined ratio for the month was 88.0. The same table showed the combined ratio for the prior-year month at 90.6.

2. 02

   The company said net premiums written for July 2024 were $6,378.5 million, year-to-date net premiums written were $43,242.3 million, and net income for the same year-to-date period was $4,603.6 million.

3. 03

   The company said shareholders' equity as of July 31, 2024 was $24,902.2 million, debt was $6,891.1 million, and the debt-to-total capital ratio was 21.7%.

Analysis scope · Filing body and confirmed press-release exhibitWe analyzed the filing body and confirmed exhibits. This is not a review of other exhibits, investor presentations or the full earnings call. Some paragraphs were omitted because their support in the source could not be confirmed.

AI summarized the filing and translated the summary into English; it may differ from the original. For reference only, not investment advice. AI translated the published Korean report into English. Figures are copied as filed, not recalculated.

Original filing

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