Progressive Reports February 2021 Results
MAYFIELD VILLAGE, OHIO, March 17, 2021 (GLOBE NEWSWIRE) -- The Progressive Corporation (NYSE:PGR) today reported the following results for February 2021:
| February | ||||||||
| (millions, except per share amounts and ratios; unaudited) | 2021 | 2020 | Change | |||||
| Net premiums written | $3,852.4 | $3,404.2 | 13 | % | ||||
| Net premiums earned | $3,202.5 | $2,915.1 | 10 | % | ||||
| Net income attributable to Progressive | $354.6 | $67.1 | 428 | % | ||||
| Per share available to common shareholders | $0.60 | $0.11 | 444 | % | ||||
| Total pretax net realized gains (losses) on securities | $128.4 | $(257.0) | (150) | % | ||||
| Combined ratio | 91.4 | 90.3 | 1.1 pts. | |||||
| Average diluted equivalent common shares | 586.8 | 586.9 | 0 | % | ||||
| February | |||||
| (thousands; unaudited) | 2021 | 2020 | Change | ||
| Policies in Force | |||||
| Personal Lines | |||||
| Agency – auto | 7,752.6 | 7,148.1 | 8% | ||
| Direct – auto | 9,132.3 | 8,095.1 | 13% | ||
| Total personal auto | 16,884.9 | 15,243.2 | 11% | ||
| Total special lines | 4,957.4 | 4,570.7 | 8% | ||
| Total Personal Lines | 21,842.3 | 19,813.9 | 10% | ||
| Total Commercial Lines | 842.0 | 764.0 | 10% | ||
| Property business | 2,529.7 | 2,243.7 | 13% | ||
| Companywide Total | 25,214.0 | 22,821.6 | 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 . 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 February 2021 Complete Earnings Release:
