• Progressive Reports January 2021 Results

    Source: Nasdaq GlobeNewswire / 17 Feb 2021 08:17:23   America/New_York

    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 ratio86.3  92.1  (5.8) pts.
    Average diluted equivalent common shares587.2  586.8  0%

     

     January
    (thousands; unaudited)

    		2021 2020 Change
    Policies in Force     
    Personal Lines     
    Agency – auto7,696.7 7,060.5 9%
    Direct – auto9,022.7 7,957.3 13%
    Total personal auto16,719.4 15,017.8 11%
    Total special lines4,936.2 4,553.9 8%
    Total Personal Lines21,655.6 19,571.7 11%
    Total Commercial Lines833.4 756.8 10%
    Property business2,505.2 2,221.2 13%
    Companywide Total24,994.2 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 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; it is the third largest auto insurer in the country, a leading seller of motorcycle and commercial auto insurance, and one of the top 15 homeowners insurance carriers. 

    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
    investor_relations@progressive.com

    The Progressive Corporation
    6300 Wilson Mills Road
    Mayfield Village, Ohio 44143
    http://www.progressive.com

    Progressive January 2021 Complete Earnings Release: http://ml.globenewswire.com/Resource/Download/e281f7ba-cfcc-4c5f-a1f1-dff09628e978


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