Financial ReleaseView printer-friendly version << Back
The Company today reported the following results for
|(millions, except per share amounts and ratios; unaudited)||April||April||Change|
|Net premiums written||$||3,669.8||$||3,226.9||14 %|
|Net premiums earned||$||3,348.3||$||2,882.9||16 %|
|Net income attributable to Progressive||$||487.8||$||260.6||87 %|
|Per share available to common shareholders||$||0.83||$||0.44||88 %|
|Total pretax net realized gains (losses) on securities||$||131.6||$||(6.6)||NM|
|Combined ratio||87.4||89.9||(2.5) pts.|
|Average diluted equivalent common shares||586.7||585.8||0 %|
NM= Not Meaningful
|Policies in Force|
|Agency - auto||6,687.2||6,014.3||11 %|
|Direct - auto||7,427.8||6,506.7||14 %|
|Total personal auto||14,115.0||12,521.0||13 %|
|Total special lines||4,444.2||4,318.5||3 %|
|Total Personal Lines||18,559.2||16,839.5||10 %|
|Total Commercial Lines||721.7||667.4||8 %|
|Property business||2,024.8||1,688.6||20 %|
Progressive provides insurance for personal and commercial autos and trucks, motorcycles, boats, recreational vehicles, and homes. Home insurance is underwritten by select carriers, including
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 issuer of this announcement warrants that they are solely responsible for the content, accuracy and originality of the information contained therein.