PGR Progressive Corp.

Progressive Reports April 2021 Results

Progressive Reports April 2021 Results

MAYFIELD VILLAGE, OHIO, May 19, 2021 (GLOBE NEWSWIRE) -- The Progressive Corporation (NYSE:PGR) today reported the following results for April 2021:

 April
(millions, except per share amounts and ratios; unaudited)



2021 2020 Change
     
Net premiums written$4,450.6  $3,764.2  18   %
Net premiums earned$4,133.6  $3,634.3  14   %
Net income$316.2  $952.6  (67) %
Per share available to common shareholders$0.54  $1.62  (67) %
Total pretax net realized gains (losses) on securities$191.3  $537.3  (64) %
Combined ratio 96.0  83.4 12.6 pts.
Average diluted equivalent common shares 586.8  587.2   %



 April
(thousands; unaudited)



2021 2020 Change
Policies in Force     
Personal Lines     
Agency – auto7,951.8 7,237.1 10%
Direct – auto9,478.6 8,269.2 15%
Total personal auto17,430.4 15,506.3 12%
Total special lines5,106.7 4,618.1 11%
Total Personal Lines22,537.1 20,124.4 12%
Total Commercial Lines881.2 764.6 15%
Property business2,601.2 2,282.7 14%
Companywide Total26,019.5 23,171.7 12%
      

See Progressive’s complete monthly earnings release for additional information.

About Progressive

The Progressive Group of Insurance Companies makes it easy to understand, buy and use . 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  and , and one of the top 15 . 

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





The Progressive Corporation

6300 Wilson Mills Road

Mayfield Village, Ohio 44143

Progressive April 2021 Complete Earnings Release: 



EN
19/05/2021

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