{"id":402735,"date":"2020-12-18T08:31:41","date_gmt":"2020-12-18T13:31:41","guid":{"rendered":"http:\/\/www.marketnewsdesk.com\/?p=402735"},"modified":"2020-12-18T08:31:41","modified_gmt":"2020-12-18T13:31:41","slug":"progressive-reports-november-2020-results","status":"publish","type":"post","link":"https:\/\/www.marketnewsdesk.com\/index.php\/progressive-reports-november-2020-results\/","title":{"rendered":"Progressive Reports November 2020 Results"},"content":{"rendered":"
\n

MAYFIELD VILLAGE, OHIO, Dec. 18, 2020 (GLOBE NEWSWIRE) — The Progressive Corporation (NYSE:PGR) today reported the following results for November 2020:\u00a0<\/p>\n\n\n\n\n\n\n\n\n\n\n\n
\u00a0<\/td>\nNovember<\/td>\n<\/tr>\n
(millions, except per share amounts and ratios; unaudited)<\/p>\n<\/td>\n2020<\/td>\n\u00a0<\/td>\n2019<\/td>\n\u00a0<\/td>\nChange<\/td>\n<\/tr>\n
\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n<\/tr>\n
Net premiums written<\/td>\n$<\/td>\n2,957.9<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n$<\/td>\n2,596.1<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n14<\/td>\n%<\/td>\n<\/tr>\n
Net premiums earned<\/td>\n$<\/td>\n3,150.8<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n$<\/td>\n2,845.8<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n11<\/td>\n%<\/td>\n<\/tr>\n
Net income attributable to Progressive<\/td>\n$<\/td>\n739.8<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n$<\/td>\n306.1<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n142<\/td>\n%<\/td>\n<\/tr>\n
Per share available to common shareholders<\/td>\n$<\/td>\n1.26<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n$<\/td>\n0.52<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n142<\/td>\n%<\/td>\n<\/tr>\n
Total pretax net realized gains (losses) on securities<\/td>\n$<\/td>\n459.6<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n$<\/td>\n150.3<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n206<\/td>\n%<\/td>\n<\/tr>\n
Combined ratio<\/td>\n\u00a0<\/td>\n86.6<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n94.1<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n(7.5) pts.<\/td>\n<\/tr>\n
Average diluted equivalent common shares<\/td>\n\u00a0<\/td>\n587.6<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n587.0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n0<\/td>\n%<\/td>\n<\/tr>\n<\/table>\n

\u00a0<\/p>\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n
\u00a0<\/td>\nNovember<\/td>\n<\/tr>\n
(thousands; unaudited)<\/p>\n<\/td>\n2020<\/td>\n\u00a0<\/td>\n2019<\/td>\n\u00a0<\/td>\nChange<\/td>\n<\/tr>\n
\n Policies in Force<\/strong>\n <\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n<\/tr>\n
Personal Lines<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n<\/tr>\n
Agency \u2013 auto<\/td>\n7,616.1<\/td>\n\u00a0<\/td>\n6,986.4<\/td>\n\u00a0<\/td>\n9<\/td>\n%<\/td>\n<\/tr>\n
Direct \u2013 auto<\/td>\n8,881.1<\/td>\n\u00a0<\/td>\n7,841.2<\/td>\n\u00a0<\/td>\n13<\/td>\n%<\/td>\n<\/tr>\n
Total personal auto<\/td>\n16,497.2<\/td>\n\u00a0<\/td>\n14,827.6<\/td>\n\u00a0<\/td>\n11<\/td>\n%<\/td>\n<\/tr>\n
Total special lines<\/td>\n4,913.4<\/td>\n\u00a0<\/td>\n4,554.4<\/td>\n\u00a0<\/td>\n8<\/td>\n%<\/td>\n<\/tr>\n
Total Personal Lines<\/td>\n21,410.6<\/td>\n\u00a0<\/td>\n19,382.0<\/td>\n\u00a0<\/td>\n10<\/td>\n%<\/td>\n<\/tr>\n
Total Commercial Lines<\/td>\n819.4<\/td>\n\u00a0<\/td>\n753.8<\/td>\n\u00a0<\/td>\n9<\/td>\n%<\/td>\n<\/tr>\n
Property business<\/td>\n2,459.6<\/td>\n\u00a0<\/td>\n2,184.6<\/td>\n\u00a0<\/td>\n13<\/td>\n%<\/td>\n<\/tr>\n
Companywide Total<\/td>\n24,689.6<\/td>\n\u00a0<\/td>\n22,320.4<\/td>\n\u00a0<\/td>\n11<\/td>\n%<\/td>\n<\/tr>\n
\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n<\/tr>\n<\/table>\n

See Progressive’s complete monthly earnings release, including the “Monthly Commentary,” for additional information.<\/p>\n

\n
\n About Progressive<\/u>
\n <\/strong>\n <\/p>\n

The\u00a0Progressive Group of Insurance Companies\u00a0makes it easy to understand, buy and use\u00a0auto insurance<\/u><\/a>.\u00a0Progressive\u00a0offers\u00a0choices\u00a0so consumers can reach us whenever, wherever and however it’s most convenient – online at progressive.com, by phone at\u00a01-800-PROGRESSIVE, on a mobile device or in-person with a local agent.<\/p>\n

Progressive\u00a0provides insurance for personal and commercial autos and trucks, motorcycles, boats, recreational vehicles, and homes; it\u00a0is the third largest auto insurer in the country, a leading seller of\u00a0motorcycle<\/u><\/a>\u00a0and\u00a0commercial auto insurance<\/u><\/a>, and one of the top 15 homeowners insurance carr<\/u><\/a>iers<\/u><\/a>.\u00a0<\/p>\n

Founded in 1937, Progressive continues its long history of offering shopping tools and services that save customers time and money, like Name Your Price\u00ae<\/sup>, Snapshot\u00ae<\/sup>, and HomeQuote Explorer\u00ae<\/sup>.<\/p>\n

The Common Shares of The Progressive Corporation, the Mayfield Village, Ohio-based holding company, trade publicly at NYSE:PGR.<\/p>\n

\n Company Contact:<\/strong>
\n
Douglas S. Constantine
(440) 910-3563
investor_relations@progressive.com<\/p>\n

The Progressive Corporation
6300 Wilson Mills Road
Mayfield Village, Ohio 44143
http:\/\/www.progressive.com<\/a><\/u>
<\/a><\/p>\n

Progressive November 2020 Complete Earnings Release\u00a0http:\/\/ml.globenewswire.com\/Resource\/Download\/26407986-4c4f-4377-8b62-4afe62c44078<\/a><\/p>\n


\n
\n \n <\/div>\n

<\/div>\n","protected":false},"excerpt":{"rendered":"

MAYFIELD VILLAGE, OHIO, Dec. 18, 2020 (GLOBE NEWSWIRE) — The Progressive Corporation (NYSE:PGR) today reported the following results for November 2020:\u00a0 \u00a0 November (millions, except per share amounts and ratios; unaudited) 2020 \u00a0 2019 \u00a0 Change \u00a0 \u00a0 \u00a0 \u00a0 \u00a0 Net premiums written $ 2,957.9 \u00a0 \u00a0 $ 2,596.1 \u00a0 \u00a0 14 % Net premiums earned $ 3,150.8 \u00a0 \u00a0 $ 2,845.8 \u00a0 \u00a0 11 % Net income attributable to Progressive $ 739.8 \u00a0 \u00a0 $ 306.1 \u00a0 \u00a0 142 % Per share available to common shareholders $ 1.26 \u00a0 \u00a0 $ 0.52 \u00a0 \u00a0 142 % Total pretax net realized gains (losses) on securities $ 459.6 \u00a0 \u00a0 $ 150.3 \u00a0 \u00a0 206 % Combined ratio \u00a0 86.6 … <\/p>\n

Continue reading “Progressive Reports November 2020 Results”<\/span><\/a><\/p>\n","protected":false},"author":2,"featured_media":0,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[],"tags":[],"class_list":["post-402735","post","type-post","status-publish","format-standard","hentry"],"yoast_head":"\nProgressive Reports November 2020 Results - Market Newsdesk<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/www.marketnewsdesk.com\/index.php\/progressive-reports-november-2020-results\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Progressive Reports November 2020 Results - Market Newsdesk\" \/>\n<meta property=\"og:description\" content=\"MAYFIELD VILLAGE, OHIO, Dec. 18, 2020 (GLOBE NEWSWIRE) — The Progressive Corporation (NYSE:PGR) today reported the following results for November 2020:\u00a0 \u00a0 November (millions, except per share amounts and ratios; unaudited) 2020 \u00a0 2019 \u00a0 Change \u00a0 \u00a0 \u00a0 \u00a0 \u00a0 Net premiums written $ 2,957.9 \u00a0 \u00a0 $ 2,596.1 \u00a0 \u00a0 14 % Net premiums earned $ 3,150.8 \u00a0 \u00a0 $ 2,845.8 \u00a0 \u00a0 11 % Net income attributable to Progressive $ 739.8 \u00a0 \u00a0 $ 306.1 \u00a0 \u00a0 142 % Per share available to common shareholders $ 1.26 \u00a0 \u00a0 $ 0.52 \u00a0 \u00a0 142 % Total pretax net realized gains (losses) on securities $ 459.6 \u00a0 \u00a0 $ 150.3 \u00a0 \u00a0 206 % Combined ratio \u00a0 86.6 … Continue reading "Progressive Reports November 2020 Results"\" \/>\n<meta property=\"og:url\" content=\"https:\/\/www.marketnewsdesk.com\/index.php\/progressive-reports-november-2020-results\/\" \/>\n<meta property=\"og:site_name\" content=\"Market Newsdesk\" \/>\n<meta property=\"article:published_time\" content=\"2020-12-18T13:31:41+00:00\" \/>\n<meta property=\"og:image\" content=\"https:\/\/www.globenewswire.com\/newsroom\/ti?nf=ODExNDgyNCMzODg3NDY5IzIwMTY5MTA=\" \/>\n<meta name=\"author\" content=\"Newsdesk\" \/>\n<meta name=\"twitter:card\" content=\"summary_large_image\" \/>\n<meta name=\"twitter:label1\" content=\"Written by\" \/>\n\t<meta name=\"twitter:data1\" content=\"Newsdesk\" \/>\n\t<meta name=\"twitter:label2\" content=\"Est. reading time\" \/>\n\t<meta name=\"twitter:data2\" content=\"1 minute\" \/>\n<script type=\"application\/ld+json\" class=\"yoast-schema-graph\">{\"@context\":\"https:\\\/\\\/schema.org\",\"@graph\":[{\"@type\":\"Article\",\"@id\":\"https:\\\/\\\/www.marketnewsdesk.com\\\/index.php\\\/progressive-reports-november-2020-results\\\/#article\",\"isPartOf\":{\"@id\":\"https:\\\/\\\/www.marketnewsdesk.com\\\/index.php\\\/progressive-reports-november-2020-results\\\/\"},\"author\":{\"name\":\"Newsdesk\",\"@id\":\"https:\\\/\\\/www.marketnewsdesk.com\\\/#\\\/schema\\\/person\\\/482f27a394d4fda80ecb5499e519d979\"},\"headline\":\"Progressive Reports November 2020 Results\",\"datePublished\":\"2020-12-18T13:31:41+00:00\",\"mainEntityOfPage\":{\"@id\":\"https:\\\/\\\/www.marketnewsdesk.com\\\/index.php\\\/progressive-reports-november-2020-results\\\/\"},\"wordCount\":292,\"image\":{\"@id\":\"https:\\\/\\\/www.marketnewsdesk.com\\\/index.php\\\/progressive-reports-november-2020-results\\\/#primaryimage\"},\"thumbnailUrl\":\"https:\\\/\\\/www.globenewswire.com\\\/newsroom\\\/ti?nf=ODExNDgyNCMzODg3NDY5IzIwMTY5MTA=\",\"inLanguage\":\"en-US\"},{\"@type\":\"WebPage\",\"@id\":\"https:\\\/\\\/www.marketnewsdesk.com\\\/index.php\\\/progressive-reports-november-2020-results\\\/\",\"url\":\"https:\\\/\\\/www.marketnewsdesk.com\\\/index.php\\\/progressive-reports-november-2020-results\\\/\",\"name\":\"Progressive Reports November 2020 Results - 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