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Stocks A to Z / Stocks B / Berkshire Hathaway (BRK.A) ❤
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Author: WEBspired ✭  😊 😞
Number: of 15058 
Subject: OT PGR earnings miss
Date: 07/14/2023 9:17 AM
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No. of Recommendations: 1
https://seekingalpha.com/article/4616932-progressi...

From Seeking Alpha:

'Progressive Corporation's shares fell by over 13% following a miss on the bottom line and a rise in its combined ratio, a key profit indicator for insurers.
The company's Q2 earnings were disappointing, with EPS coming in at $0.57, well below the consensus figure of $0.82, and its combined ratio rose to 100.4 for the quarter.
Despite the poor Q2 results, strong EPS growth is expected in the future due to healthy growth in personal auto policy count and premium footprint.'

Will be interesting to compare with GEICO. Maybe our slowdown in growth has been conscious given business seems less profitable at these rates and with claims inflation nowadays?
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