{"id":529251,"date":"2021-08-18T08:22:10","date_gmt":"2021-08-18T12:22:10","guid":{"rendered":"https:\/\/www.marketnewsdesk.com\/index.php\/progressive-reports-july-2021-results\/"},"modified":"2021-08-18T08:22:10","modified_gmt":"2021-08-18T12:22:10","slug":"progressive-reports-july-2021-results","status":"publish","type":"post","link":"https:\/\/www.marketnewsdesk.com\/index.php\/progressive-reports-july-2021-results\/","title":{"rendered":"Progressive Reports July 2021 Results"},"content":{"rendered":"
\n

MAYFIELD VILLAGE, OHIO, Aug. 18, 2021 (GLOBE NEWSWIRE) — The Progressive Corporation (NYSE:PGR) today reported the following results for July 2021:<\/p>\n\n\n\n\n\n\n\n\n\n\n\n
\u00a0<\/td>\nJuly<\/td>\n<\/tr>\n
(millions, except per share amounts and ratios; unaudited)<\/p>\n<\/td>\n2021<\/td>\n\u00a0<\/td>\n2020<\/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$<\/td>\n4,551.6<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n$<\/td>\n4,109.3<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n11<\/td>\n\u00a0<\/td>\n%<\/td>\n<\/tr>\n
Net premiums earned<\/td>\n$<\/td>\n4,313.5<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n$<\/td>\n3,781.4<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n14<\/td>\n\u00a0<\/td>\n%<\/td>\n<\/tr>\n
Net income<\/td>\n$<\/td>\n255.4<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n$<\/td>\n812.0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n(69<\/td>\n)<\/td>\n%<\/td>\n<\/tr>\n
Per share available to common shareholders<\/td>\n$<\/td>\n0.43<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n$<\/td>\n1.38<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n(69<\/td>\n)<\/td>\n%<\/td>\n<\/tr>\n
Total pretax net realized gains (losses) on securities<\/td>\n$<\/td>\n122.7<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n$<\/td>\n333.4<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n(63<\/td>\n)<\/td>\n%<\/td>\n<\/tr>\n
Combined ratio<\/td>\n96.7<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n83.5<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n13.2 pts.<\/td>\n<\/tr>\n
Average diluted equivalent common shares<\/td>\n\u00a0<\/td>\n587.2<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n587.8<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n0<\/td>\n\u00a0<\/td>\n%<\/td>\n<\/tr>\n<\/table>\n

\n \n <\/p>\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n
\u00a0<\/td>\nJuly<\/td>\n<\/tr>\n
(thousands; unaudited)<\/p>\n<\/td>\n2021<\/td>\n\u00a0<\/td>\n2020<\/td>\n\u00a0<\/td>\nChange<\/td>\n<\/tr>\n
Policies in Force<\/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>\n8,014.2<\/td>\n\u00a0<\/td>\n7,435.4<\/td>\n\u00a0<\/td>\n8<\/td>\n%<\/td>\n<\/tr>\n
Direct \u2013 auto<\/td>\n9,614.9<\/td>\n\u00a0<\/td>\n8,634.4<\/td>\n\u00a0<\/td>\n11<\/td>\n%<\/td>\n<\/tr>\n
Total personal auto<\/td>\n17,629.1<\/td>\n\u00a0<\/td>\n16,069.8<\/td>\n\u00a0<\/td>\n10<\/td>\n%<\/td>\n<\/tr>\n
Total special lines<\/td>\n5,249.9<\/td>\n\u00a0<\/td>\n4,854.8<\/td>\n\u00a0<\/td>\n8<\/td>\n%<\/td>\n<\/tr>\n
Total Personal Lines<\/td>\n22,879.0<\/td>\n\u00a0<\/td>\n20,924.6<\/td>\n\u00a0<\/td>\n9<\/td>\n%<\/td>\n<\/tr>\n
Total Commercial Lines<\/td>\n930.1<\/td>\n\u00a0<\/td>\n785.7<\/td>\n\u00a0<\/td>\n18<\/td>\n%<\/td>\n<\/tr>\n
Total Property business<\/td>\n2,683.1<\/td>\n\u00a0<\/td>\n2,368.3<\/td>\n\u00a0<\/td>\n13<\/td>\n%<\/td>\n<\/tr>\n
Companywide Total<\/td>\n26,492.2<\/td>\n\u00a0<\/td>\n24,078.6<\/td>\n\u00a0<\/td>\n10<\/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\u2019s complete monthly earnings release 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>. Progressive offers choices so 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 carriers<\/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, Snapshot\u00ae, and HomeQuote Explorer\u00ae.<\/p>\n

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

Company Contact:
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><\/p>\n

Progressive July 2021 Complete Earnings Release:\u00a0http:\/\/ml.globenewswire.com\/Resource\/Download\/14e94693-821e-4853-aa75-dea620cdfee7<\/a><\/p>\n


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

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

MAYFIELD VILLAGE, OHIO, Aug. 18, 2021 (GLOBE NEWSWIRE) — The Progressive Corporation (NYSE:PGR) today reported the following results for July 2021: \u00a0 July (millions, except per share amounts and ratios; unaudited) 2021 \u00a0 2020 \u00a0 Change \u00a0 \u00a0 \u00a0 \u00a0 \u00a0 Net premiums written $ 4,551.6 \u00a0 \u00a0 $ 4,109.3 \u00a0 \u00a0 11 \u00a0 % Net premiums earned $ 4,313.5 \u00a0 \u00a0 $ 3,781.4 \u00a0 \u00a0 14 \u00a0 % Net income $ 255.4 \u00a0 \u00a0 $ 812.0 \u00a0 \u00a0 (69 ) % Per share available to common shareholders $ 0.43 \u00a0 \u00a0 $ 1.38 \u00a0 \u00a0 (69 ) % Total pretax net realized gains (losses) on securities $ 122.7 \u00a0 \u00a0 $ 333.4 \u00a0 \u00a0 (63 ) % Combined ratio … <\/p>\n

Continue reading “Progressive Reports July 2021 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-529251","post","type-post","status-publish","format-standard","hentry"],"yoast_head":"\nProgressive Reports July 2021 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-july-2021-results\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Progressive Reports July 2021 Results - Market Newsdesk\" \/>\n<meta property=\"og:description\" content=\"MAYFIELD VILLAGE, OHIO, Aug. 18, 2021 (GLOBE NEWSWIRE) — The Progressive Corporation (NYSE:PGR) today reported the following results for July 2021: \u00a0 July (millions, except per share amounts and ratios; unaudited) 2021 \u00a0 2020 \u00a0 Change \u00a0 \u00a0 \u00a0 \u00a0 \u00a0 Net premiums written $ 4,551.6 \u00a0 \u00a0 $ 4,109.3 \u00a0 \u00a0 11 \u00a0 % Net premiums earned $ 4,313.5 \u00a0 \u00a0 $ 3,781.4 \u00a0 \u00a0 14 \u00a0 % Net income $ 255.4 \u00a0 \u00a0 $ 812.0 \u00a0 \u00a0 (69 ) % Per share available to common shareholders $ 0.43 \u00a0 \u00a0 $ 1.38 \u00a0 \u00a0 (69 ) % Total pretax net realized gains (losses) on securities $ 122.7 \u00a0 \u00a0 $ 333.4 \u00a0 \u00a0 (63 ) % Combined ratio … Continue reading "Progressive Reports July 2021 Results"\" \/>\n<meta property=\"og:url\" content=\"https:\/\/www.marketnewsdesk.com\/index.php\/progressive-reports-july-2021-results\/\" \/>\n<meta property=\"og:site_name\" content=\"Market Newsdesk\" \/>\n<meta property=\"article:published_time\" content=\"2021-08-18T12:22:10+00:00\" \/>\n<meta property=\"og:image\" content=\"https:\/\/www.globenewswire.com\/newsroom\/ti?nf=ODMxMTM3MiM0MzYzNDU1IzIwMTY5MTA=\" \/>\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-july-2021-results\\\/#article\",\"isPartOf\":{\"@id\":\"https:\\\/\\\/www.marketnewsdesk.com\\\/index.php\\\/progressive-reports-july-2021-results\\\/\"},\"author\":{\"name\":\"Newsdesk\",\"@id\":\"https:\\\/\\\/www.marketnewsdesk.com\\\/#\\\/schema\\\/person\\\/482f27a394d4fda80ecb5499e519d979\"},\"headline\":\"Progressive Reports July 2021 Results\",\"datePublished\":\"2021-08-18T12:22:10+00:00\",\"mainEntityOfPage\":{\"@id\":\"https:\\\/\\\/www.marketnewsdesk.com\\\/index.php\\\/progressive-reports-july-2021-results\\\/\"},\"wordCount\":284,\"image\":{\"@id\":\"https:\\\/\\\/www.marketnewsdesk.com\\\/index.php\\\/progressive-reports-july-2021-results\\\/#primaryimage\"},\"thumbnailUrl\":\"https:\\\/\\\/www.globenewswire.com\\\/newsroom\\\/ti?nf=ODMxMTM3MiM0MzYzNDU1IzIwMTY5MTA=\",\"inLanguage\":\"en-US\"},{\"@type\":\"WebPage\",\"@id\":\"https:\\\/\\\/www.marketnewsdesk.com\\\/index.php\\\/progressive-reports-july-2021-results\\\/\",\"url\":\"https:\\\/\\\/www.marketnewsdesk.com\\\/index.php\\\/progressive-reports-july-2021-results\\\/\",\"name\":\"Progressive Reports July 2021 Results - 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