08:36 AM EDT, 04/12/2024 (MT Newswires) -- Progressive (PGR) reported Q1 net income Friday of $3.94 per share, up from $0.75 a year earlier.

Analysts polled by Capital IQ expected $3.30.

Net premiums written in the three months ended March 31 were $18.96 billion, up from $16.11 billion a year earlier.

Analysts surveyed by Capital IQ expected $17.21 billion.

The company's shares were up nearly 2% in premarket activity.

Price: 206, Change: +3.74, Percent Change: +1.85