Progressive stock sees historic fall following further June reserve development
  • X
  • LinkedIn
  • Show more sharing options
  • Copy Link URLCopied!
  • Print
  • X
  • LinkedIn
© 2024 Insider International Limited, company number 15236286, 4 Bouverie Street, London, EC4Y 8AX. Part of the Delinian Group. All rights reserved.

Accessibility | Terms of Use | Privacy Policy | Modern Slavery Statement
Cookies Settings

Progressive stock sees historic fall following further June reserve development

Kyoung-son Song
July 13, 2023
  • X
  • LinkedIn
  • Show more sharing options
  • Copy Link URLCopied!
  • Print
  • X
  • LinkedIn
progressive lgoo stock market chart.jpg

Progressive’s stock price plummeted over 13% on Thursday from Wednesday’s close following the announcement of monthly results that included another substantial reserve development.

The carrier’s stock price ended the day at $114.78 per share, compared to yesterday’s close of $132.11. This marked the largest daily drop Progressive has experienced in 15 years, since August 2008.

Earlier

Enter your e-mail to claim a free trial:

Uncover exclusive insights tailored for insurance leaders

    • Stay Informed: Access exclusive industry insights
    • Gain a competitive advantage: Hear first about tactical developments
    • Make better decisions: Understand market dynamics in crucial lines of business
Take a free trial Already a subscriber? Login now

Topics

NewsPersonal autoCommercial Lines
kyoungson son 2024 ii us 2.png
Kyoung-son Song
Senior Reporter
Contact
Gift this article