Progressive Reports August 2021 Results
MAYFIELD VILLAGE, OHIO, Sept. 17, 2021 (GLOBE NEWSWIRE) -- The Progressive Corporation (NYSE:PGR) today reported the following results for August 2021:
| August | |||||||||||
| (millions, except per share amounts and ratios; unaudited) | 2021 | 2020 | Change | ||||||||
| Net premiums written | $ | 3,890.9 | $ | 3,437.7 | 13 | % | |||||
| Net premiums earned | $ | 3,513.8 | $ | 3,088.9 | 14 | % | |||||
| Net income (loss) | $ | (6.6 | ) | $ | 487.4 | (101 | ) | % | |||
| Per share available to common shareholders | $ | (0.02 | ) | $ | 0.83 | (102 | ) | % | |||
| Total pretax net realized gains (losses) on securities | $ | 131.5 | $ | 330.9 | (60 | ) | % | ||||
| Combined ratio | 105.3 | 92.6 | 12.7 pts. | ||||||||
| Average equivalent common shares | 584.8 | 587.7 | 0 | % | |||||||
| August | |||||
| (thousands; unaudited) | 2021 | 2020 | Change | ||
| Policies in Force | |||||
| Personal Lines | |||||
| Agency – auto | 8,013.3 | 7,487.0 | 7 % | ||
| Direct – auto | 9,638.0 | 8,714.3 | 11 % | ||
| Total personal auto | 17,651.3 | 16,201.3 | 9 % | ||
| Total special lines | 5,272.5 | 4,891.1 | 8 % | ||
| Total Personal Lines | 22,923.8 | 21,092.4 | 9 % | ||
| Total Commercial Lines | 942.1 | 795.4 | 18 % | ||
| Total Property business | 2,715.6 | 2,395.4 | 13 % | ||
| Companywide Total | 26,581.5 | 24,283.2 | 9 % | ||
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 August 2021 Complete Earnings Release:
