Progressive Reports February 2020 Results
Source: Nasdaq GlobeNewswire / 17 Mar 2020 13:02:40 Europe/London
MAYFIELD VILLAGE, OHIO, March 17, 2020 (GLOBE NEWSWIRE) -- The Progressive Corporation (NYSE:PGR) today reported the following results for February 2020:
February (millions, except per share amounts and ratios; unaudited) 2020 2019 Change Net premiums written $ 3,404.2 $ 3,107.0 10 % Net premiums earned $ 2,915.1 $ 2,601.3 12 % Net income attributable to Progressive $ 67.1 $ 327.6 (80 ) % Per share available to common shareholders $ 0.11 $ 0.55 (80 ) % Total pretax net realized gains (losses) on securities $ (257.0 ) $ 109.9 (334 ) % Combined ratio 90.3 90.9 (0.6) pts. Average diluted equivalent common shares 586.9 586.6 0 % February (thousands; unaudited) 2020 2019 Change Policies in Force Personal Lines Agency – auto 7,148.1 6,497.4 10% Direct – auto 8,095.1 7,189.9 13% Total personal auto 15,243.2 13,687.3 11% Total special lines 4,570.7 4,380.7 4% Total Personal Lines 19,813.9 18,068.0 10% Total Commercial Lines 764.0 703.8 9% Property business 2,243.7 1,978.1 13% Companywide Total 22,821.6 20,749.9 10%
See Progressive's complete monthly earnings release, including the "Monthly Commentary," for additional information.
The Progressive Group of Insurance Companies makes it easy to understand, buy and use auto insurance. 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. Home insurance is underwritten by select carriers, including our majority owned subsidiaries, American Strategic Insurance Corp. and its affiliates (ASI).
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.
The Progressive Corporation
6300 Wilson Mills Road
Mayfield Village, Ohio 44143
Progressive February 2020 Complete Earnings Release: http://ml.globenewswire.com/Resource/Download/38e67ae3-ec5c-4d1f-a648-3f4536000f5a