Progressive Reports August 2021 Results
September 17 2021 - 8:05AM
The Progressive Corporation (NYSE:PGR) today reported the following
results for August 2021:
|
|
August |
|
(millions, except per share amounts and ratios; unaudited) |
2021 |
|
2020 |
|
Change |
| |
|
|
|
|
Net premiums written |
$ |
3,890.9 |
|
|
$ |
3,437.7 |
|
|
13 |
|
% |
| Net
premiums earned |
$ |
3,513.8 |
|
|
$ |
3,088.9 |
|
|
14 |
|
% |
| Net
income (loss) |
$ |
(6.6 |
) |
|
$ |
487.4 |
|
|
(101 |
) |
% |
|
Per share available to common shareholders |
$ |
(0.02 |
) |
|
$ |
0.83 |
|
|
(102 |
) |
% |
| Total
pretax net realized gains (losses) on securities |
$ |
131.5 |
|
|
$ |
330.9 |
|
|
(60 |
) |
% |
| Combined
ratio |
|
105.3 |
|
|
|
92.6 |
|
|
12.7 pts. |
|
Average equivalent common shares |
|
584.8 |
|
|
|
587.7 |
|
|
0 |
|
% |
|
|
August |
|
(thousands; unaudited) |
2021 |
|
2020 |
|
Change |
| Policies
in Force |
|
|
|
|
|
| Personal
Lines |
|
|
|
|
|
|
Agency – auto |
8,013.3 |
|
7,487.0 |
|
7 % |
|
Direct – auto |
9,638.0 |
|
8,714.3 |
|
11 % |
|
Total personal auto |
17,651.3 |
|
16,201.3 |
|
9 % |
|
Total special lines |
5,272.5 |
|
4,891.1 |
|
8 % |
| Total
Personal Lines |
22,923.8 |
|
21,092.4 |
|
9 % |
| Total
Commercial Lines |
942.1 |
|
795.4 |
|
18 % |
| Total
Property business |
2,715.6 |
|
2,395.4 |
|
13 % |
|
Companywide Total |
26,581.5 |
|
24,283.2 |
|
9 % |
|
|
|
|
|
|
|
See Progressive’s complete monthly earnings release, including
the "Monthly Commentary," for additional information.
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; it is the third largest auto insurer in
the country, a leading seller
of motorcycle and commercial auto insurance, and 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: Douglas S. Constantine(440) 910-3563
investor_relations@progressive.com
The Progressive Corporation 6300 Wilson Mills Road Mayfield
Village, Ohio 44143http://www.progressive.com
Progressive August 2021 Complete Earnings
Release: http://ml.globenewswire.com/Resource/Download/7e2ae102-04d4-4069-8610-b2b7b24f2780
Progressive (NYSE:PGR)
Historical Stock Chart
From Mar 2024 to Apr 2024
Progressive (NYSE:PGR)
Historical Stock Chart
From Apr 2023 to Apr 2024
