Progressive Reports November 2020 Results
MAYFIELD VILLAGE, OHIO, Dec. 18, 2020 (GLOBE NEWSWIRE) -- The Progressive Corporation (NYSE:PGR) today reported the following results for November 2020:
November | ||||||||||
(millions, except per share amounts and ratios; unaudited) | 2020 | 2019 | Change | |||||||
Net premiums written | $ | 2,957.9 | $ | 2,596.1 | 14 | % | ||||
Net premiums earned | $ | 3,150.8 | $ | 2,845.8 | 11 | % | ||||
Net income attributable to Progressive | $ | 739.8 | $ | 306.1 | 142 | % | ||||
Per share available to common shareholders | $ | 1.26 | $ | 0.52 | 142 | % | ||||
Total pretax net realized gains (losses) on securities | $ | 459.6 | $ | 150.3 | 206 | % | ||||
Combined ratio | 86.6 | 94.1 | (7.5) pts. | |||||||
Average diluted equivalent common shares | 587.6 | 587.0 | 0 | % |
November | ||||||
(thousands; unaudited) | 2020 | 2019 | Change | |||
Policies in Force | ||||||
Personal Lines | ||||||
Agency – auto | 7,616.1 | 6,986.4 | 9 | % | ||
Direct – auto | 8,881.1 | 7,841.2 | 13 | % | ||
Total personal auto | 16,497.2 | 14,827.6 | 11 | % | ||
Total special lines | 4,913.4 | 4,554.4 | 8 | % | ||
Total Personal Lines | 21,410.6 | 19,382.0 | 10 | % | ||
Total Commercial Lines | 819.4 | 753.8 | 9 | % | ||
Property business | 2,459.6 | 2,184.6 | 13 | % | ||
Companywide Total | 24,689.6 | 22,320.4 | 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 November 2020 Complete Earnings Release