Progressive Insurance, which last year converted its monthly accounting closing calendar to align with the Gregorian calendar, has published its financial results for May 2024.
In its latest earnings report, the insurer shared the following unaudited numbers:
In comparison, Progressive’s net income in April was $420.3 million.
Meanwhile, the companywide total for policies in force as of the end of May stood at 31.9 million. Of this sum, 3.3 million came from property; 1.1 million from commercial lines; and 27.5 million from personal lines. All segments enjoyed increases from 2023.
Earlier this year, Progressive announced that it would be hiring more than 10,000 people this year.
When its 2024 recruitment initiative was unveiled, Progressive said the roles span from contact center workers, attorneys and legal support staff, claims trainees, in-the-field adjustors, to sales representatives and customer care employees.
Other vacancies are positions in marketing, human resources, accounting, etc.
“Our talented group of more than 60,000 employees across the country are at the forefront of what we do, and we’re committed to meeting the needs of our current employees as well as job seekers through a reimagined workforce,” chief HR officer Bill Clawson stated in April.
“Building upon our inclusive culture, in this post-COVID era we offer a flexible workplace approach and will continue to grow nationally with our expansive in-office, remote, and hybrid workplace options.”
Pic: Michael Rivera, This file is licensed under the Creative Commons Attribution-Share Alike 3.0 Unported license.
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