MAYFIELD VILLAGE, OHIO – March
13, 2019 -- The Progressive Corporation (NYSE:PGR) today reported the following
results for February 2019:
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(millions,
except per share amounts and ratios; unaudited)
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February
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February
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Change
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|
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2019
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2018
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|
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Net premiums
written
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$
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3,107.0
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$
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2,700.9
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15 %
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Net premiums
earned
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$
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2,601.3
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$
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2,204.7
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18 %
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Net income attributable
to Progressive
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$
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327.6
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$
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129.1
|
|
154
%
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Per share available to common
shareholders
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$
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0.55
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$
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0.22
|
|
152
%
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Total pretax
net realized gains (losses) on securities
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$
|
109.9
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$
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(139.6)
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(179) %
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Combined ratio
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90.9
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|
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87.8
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3.1 pts.
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Average diluted
equivalent common shares
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586.6
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|
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585.6
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0 %
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(thousands;
unaudited)
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February
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February
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|
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2019
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2018
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Change
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Policies in Force
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Vehicle
businesses:
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Agency – auto
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6,497.4
|
|
5,822.0
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12 %
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Direct
– auto
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7,189.9
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|
6,279.9
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14 %
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Total personal auto
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13,687.3
|
|
12,101.9
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13 %
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Total special lines
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4,380.7
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4,274.8
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2 %
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Total Personal Lines
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18,068.0
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16,376.7
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10 %
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Total Commercial Lines
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703.8
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653.4
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8 %
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Property
business
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1,978.1
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1,612.1
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23 %
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About Progressive
The Progressive Group
of Insurance Companies makes it easy to understand, buy and use auto insurance. Progressive offers choices
so consumers can reach us whenever, wherever
and however it's most convenient - online at progressive.com, by phone at
1-800-PROGRESSIVE, on a mobile device or in-person with a local agent.
Progressive provides insurance for personal and commercial autos and trucks,
motorcycles, boats, recreational vehicles, and homes. Home insurance is
underwritten by select carriers, including American Strategic Insurance Corp. and subsidiaries (ASI),
our majority owned subsidiaries.
Progressive is the third largest auto insurer in the country; a
leading seller of motorcycle
and commercial
auto insurance; and through ASI, one of the top 15 homeowners insurance carriers.
Founded in 1937, Progressive continues its long history of offering shopping
tools and services that save customers time and money, like Name Your Price®, Snapshot®, and HomeQuote Explorer®.
The Common Shares of The Progressive Corporation, the Mayfield Village,
Ohio-based holding company, trade publicly at NYSE:PGR.
Company
Contact:
Julia Hornack
(440) 395-2164
The Progressive Corporation
6300 Wilson Mills Road
Mayfield Village, Ohio 44143
http://www.progressive.com