Progressive Reports July 2021 Results
MAYFIELD VILLAGE, OHIO, Aug. 18, 2021 (GLOBE NEWSWIRE) -- The Progressive Corporation (NYSE:PGR) today reported the following results for July 2021:
| July | |||||||||||
| (millions, except per share amounts and ratios; unaudited) | 2021 | 2020 | Change | ||||||||
| Net premiums written | $ | 4,551.6 | $ | 4,109.3 | 11 | % | |||||
| Net premiums earned | $ | 4,313.5 | $ | 3,781.4 | 14 | % | |||||
| Net income | $ | 255.4 | $ | 812.0 | (69 | ) | % | ||||
| Per share available to common shareholders | $ | 0.43 | $ | 1.38 | (69 | ) | % | ||||
| Total pretax net realized gains (losses) on securities | $ | 122.7 | $ | 333.4 | (63 | ) | % | ||||
| Combined ratio | 96.7 | 83.5 | 13.2 pts. | ||||||||
| Average diluted equivalent common shares | 587.2 | 587.8 | 0 | % | |||||||
| July | ||||||
| (thousands; unaudited) | 2021 | 2020 | Change | |||
| Policies in Force | ||||||
| Personal Lines | ||||||
| Agency – auto | 8,014.2 | 7,435.4 | 8 | % | ||
| Direct – auto | 9,614.9 | 8,634.4 | 11 | % | ||
| Total personal auto | 17,629.1 | 16,069.8 | 10 | % | ||
| Total special lines | 5,249.9 | 4,854.8 | 8 | % | ||
| Total Personal Lines | 22,879.0 | 20,924.6 | 9 | % | ||
| Total Commercial Lines | 930.1 | 785.7 | 18 | % | ||
| Total Property business | 2,683.1 | 2,368.3 | 13 | % | ||
| Companywide Total | 26,492.2 | 24,078.6 | 10 | % | ||
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 July 2021 Complete Earnings Release:
