Progressive Shares Rise

Progressive reported Wednesday that net premiums written in May increased 15% from a year ago to $2.0 million and were up 13% to $11.2 million for year-to-date compared to the same period in 2016.

May net premiums earned increased 14% to $1.9 million and were up 13% to $10.4 million for the year. Earnings per share increased by a penny in May to $0.14 from a year ago. Shares touched a record high of $44.40 not long after Wednesday’s open.

By Kristen Tardella