MAYFIELD VILLAGE, OHIO - February 15, 2017 -- The Progressive Corporation (NYSE:PGR) today reported the following results for January 2017:
(millions, except per share amounts and ratios; unaudited)
January
January
Change
2017
2016
Net premiums written
$
2,241.9
$
2,025.8
11 %
Net premiums earned
$
2,279.1
$
2,001.1
14 %
Net income attributable to Progressive
$
182.1
$
100.8
81 %
Per share
$
0.31
$
0.17
82 %
Total pretax net realized gains (losses) on securities
(including net impairment losses)
$
9.4
$
(6.2)
(252) %
Combined ratio
89.7
93.1
(3.4) pts.
Average diluted equivalent shares
582.6
586.5
(1) %
(thousands; unaudited)
January
January
2017
2016
Change
Policies in Force
Vehicle businesses:
Agency - auto
5,085.7
4,758.5
7 %
Direct - auto
5,402.9
4,987.8
8 %
Total personal auto
10,488.6
9,746.3
8 %
Total special lines
4,226.3
4,105.6
3 %
Total Personal Lines
14,714.9
13,851.9
6 %
Total Commercial Lines
605.4
560.3
8 %
Property business
1,243.7
1,076.0
16 %
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 http://www.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 American Strategic Insurance Corp. and subsidiaries (ASI), our majority owned subsidiaries.
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 Service Centers.
The Common Shares of The Progressive Corporation, the Mayfield Village, Ohio-based holding company, trade publicly at NYSE:PGR.
Company Contact: Julia Hornack (440) 395-2164
The Progressive Corporation 6300 Wilson Mills Road Mayfield Village, Ohio 44143 http://www.progressive.com
To view the complete release, click the attachment below.
This announcement is distributed by Nasdaq Corporate Solutions on behalf of Nasdaq Corporate Solutions clients. The issuer of this announcement warrants that they are solely responsible for the content, accuracy and originality of the information contained therein. Source: The Progressive Corporation via Globenewswire
