Progressive Reports May 2020 Results
June 17 2020 - 7:21AM
The Progressive Corporation (NYSE:PGR) today reported the following
results for May 2020:
|
|
|
May |
|
|
(millions, except per share amounts and ratios; unaudited) |
2020 |
|
2019 |
|
Change |
|
|
|
|
|
Net premiums written |
$ |
3,174.2 |
|
|
$ |
2,662.7 |
|
|
19 |
% |
Net premiums earned |
$ |
2,991.2 |
|
|
$ |
2,731.4 |
|
|
10 |
% |
Net income attributable to Progressive |
$ |
366.9 |
|
|
$ |
78.5 |
|
|
367 |
% |
Per share available to common shareholders |
$ |
0.62 |
|
|
$ |
0.13 |
|
|
378 |
% |
Total pretax net realized gains (losses) on securities |
$ |
210.6 |
|
|
$ |
(204.3 |
) |
|
(203 |
)% |
Combined ratio |
93.7 |
|
91.6 |
|
2.1 pts. |
Average diluted equivalent common shares |
587.2 |
|
586.9 |
|
0 |
% |
|
|
|
May |
|
|
(thousands; unaudited) |
2020 |
|
2019 |
|
Change |
Policies in Force |
|
|
|
|
|
Personal
Lines |
|
|
|
|
|
Agency – auto |
7,336.7 |
|
6,732.4 |
|
9 |
% |
Direct – auto |
8,434.4 |
|
7,467.5 |
|
13 |
% |
Total personal auto |
15,771.1 |
|
14,199.9 |
|
11 |
% |
Total special lines |
4,715.7 |
|
4,477.4 |
|
5 |
% |
Total
Personal Lines |
20,486.8 |
|
18,677.3 |
|
10 |
% |
Total Commercial Lines |
776.6 |
|
728.2 |
|
7 |
% |
Property business |
2,305.9 |
|
2,047.9 |
|
13 |
% |
Companywide Total |
23,569.3 |
|
21,453.4 |
|
10 |
% |
|
|
|
|
|
|
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: Julia Hornack
(440) 395-2164 investor_relations@progressive.com The
Progressive Corporation 6300 Wilson Mills Road Mayfield
Village, Ohio 44143http://www.progressive.com
Progressive May 2020 Complete Earnings
Release: http://ml.globenewswire.com/Resource/Download/2644cf62-72b0-425f-a0fc-040bcc69e451
Progressive (NYSE:PGR)
Historical Stock Chart
From Apr 2024 to May 2024
Progressive (NYSE:PGR)
Historical Stock Chart
From May 2023 to May 2024