By Will Feuer


Progressive recorded higher earnings for the fourth quarter, topping Wall Street analysts' expectations and sending shares higher.

The Mayfield Village, Ohio-based insurance company reported a fourth-quarter profit of $1.99 billion, or $3.37 a share, up from $826.4 million, or $1.40 a share, in the same period a year earlier. Analysts surveyed by FactSet were expecting $2.43 a share.

Net premiums written rose 21% to $15.13 billion. Net premiums earned also rose 22%.


Write to Will Feuer at Will.Feuer@wsj.com


(END) Dow Jones Newswires

01-24-24 0829ET