progressive corp pgr issued monthly results today reporting an increase in net premiums written of 26 yy to 608 billion in april   net premium earned rose 18 yy to 546 billion and total policies in force grew 11 yy to 293 million last month   the company generated revenues of 574 billion in april   the company also reported a net income of 1963 million versus a net loss of 1983 million in april 2022   the combined ratio stood at 979 versus 955 in april 2022   the companys personal and commercial auto products witnessed unfavorable development of about 85 and 20 of the average monthly reserve respectively in april   last month progressive reported first quarter 2023 eps of 065 compared to the analyst consensus estimate of 137 representing a 5255 negative earnings surprise   the company reported quarterly sales of 1353 billion versus consensus of 1587 billion representing negative earnings of 1473   price action pgr shares are trading higher by 572 at 13718 wednesday at publication