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 | 0 | % | |||||
| April | ||||||
| (thousands; unaudited) | 2021 | 2020 | Change | |||
| Policies in Force | ||||||
| Personal Lines | ||||||
| Agency – auto | 7,951.8 | 7,237.1 | 10 | % | ||
| Direct – auto | 9,478.6 | 8,269.2 | 15 | % | ||
| Total personal auto | 17,430.4 | 15,506.3 | 12 | % | ||
| Total special lines | 5,106.7 | 4,618.1 | 11 | % | ||
| Total Personal Lines | 22,537.1 | 20,124.4 | 12 | % | ||
| Total Commercial Lines | 881.2 | 764.6 | 15 | % | ||
| Property business | 2,601.2 | 2,282.7 | 14 | % | ||
| Companywide Total | 26,019.5 | 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:
