Progressive Reports January 2021 Results
MAYFIELD VILLAGE, OHIO, Feb. 17, 2021 (GLOBE NEWSWIRE) -- The Progressive Corporation (NYSE:PGR) today reported the following results for January 2021:
| January | ||||||||||
| (millions, except per share amounts and ratios; unaudited) | 2021 | 2020 | Change | |||||||
| Net premiums written | $ | 4,104.2 | $ | 3,606.3 | 14 | % | ||||
| Net premiums earned | $ | 3,947.8 | $ | 3,579.1 | 10 | % | ||||
| Net income attributable to Progressive | $ | 557.5 | $ | 307.0 | 82 | % | ||||
| Per share available to common shareholders | $ | 0.95 | $ | 0.52 | 82 | % | ||||
| Total pretax net realized gains (losses) on securities | $ | 108.2 | $ | 32.5 | 233 | % | ||||
| Combined ratio | 86.3 | 92.1 | (5.8) pts. | |||||||
| Average diluted equivalent common shares | 587.2 | 586.8 | 0 | % | ||||||
| January | |||||
| (thousands; unaudited) | 2021 | 2020 | Change | ||
| Policies in Force | |||||
| Personal Lines | |||||
| Agency – auto | 7,696.7 | 7,060.5 | 9% | ||
| Direct – auto | 9,022.7 | 7,957.3 | 13% | ||
| Total personal auto | 16,719.4 | 15,017.8 | 11% | ||
| Total special lines | 4,936.2 | 4,553.9 | 8% | ||
| Total Personal Lines | 21,655.6 | 19,571.7 | 11% | ||
| Total Commercial Lines | 833.4 | 756.8 | 10% | ||
| Property business | 2,505.2 | 2,221.2 | 13% | ||
| Companywide Total | 24,994.2 | 22,549.7 | 11% | ||
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 January 2021 Complete Earnings Release:
