{"id":685666,"date":"2022-09-15T08:27:23","date_gmt":"2022-09-15T12:27:23","guid":{"rendered":"https:\/\/www.marketnewsdesk.com\/index.php\/progressive-reports-august-2022-results\/"},"modified":"2022-09-15T08:27:23","modified_gmt":"2022-09-15T12:27:23","slug":"progressive-reports-august-2022-results","status":"publish","type":"post","link":"https:\/\/www.marketnewsdesk.com\/index.php\/progressive-reports-august-2022-results\/","title":{"rendered":"Progressive Reports August 2022 Results"},"content":{"rendered":"
\n

MAYFIELD VILLAGE, OHIO, Sept. 15, 2022 (GLOBE NEWSWIRE) — The Progressive Corporation (NYSE:PGR) today reported the following results for August 2022:<\/p>\n\n\n\n\n\n\n\n\n\n\n\n
\u00a0<\/td>\nAugust<\/td>\n<\/tr>\n
(millions, except per share amounts and ratios; unaudited)<\/p>\n<\/td>\n2022<\/td>\n\u00a0<\/td>\n2021<\/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$<\/td>\n4,081.1<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n$<\/td>\n3,890.9<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n5%<\/td>\n<\/tr>\n
Net premiums earned<\/td>\n$<\/td>\n3,835.4<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n$<\/td>\n3,513.8<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n9%<\/td>\n<\/tr>\n
Net income (loss)<\/td>\n$<\/td>\n119.7<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n$<\/td>\n(6.6<\/td>\n)<\/td>\n\u00a0<\/td>\nNM<\/td>\n<\/tr>\n
Per share available to common shareholders<\/td>\n$<\/td>\n0.20<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n$<\/td>\n(0.02<\/td>\n)<\/td>\n\u00a0<\/td>\nNM<\/td>\n<\/tr>\n
Total pretax net realized gains (losses) on securities<\/td>\n$<\/td>\n(175.4<\/td>\n)<\/td>\n\u00a0<\/td>\n$<\/td>\n131.5<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n(233) %<\/td>\n<\/tr>\n
Combined ratio<\/td>\n\u00a0<\/td>\n93.6<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n105.3<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n(11.7) pts.<\/td>\n<\/tr>\n
Average equivalent common shares<\/td>\n\u00a0<\/td>\n587.2<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n584.8<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n0%<\/td>\n<\/tr>\n<\/table>\n

NM = Not Meaningful<\/p>\n

\n \n <\/p>\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n
\u00a0<\/td>\nAugust<\/td>\n<\/tr>\n
(thousands; unaudited)<\/p>\n<\/td>\n2022<\/td>\n\u00a0<\/td>\n2021<\/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>\n7,606.0<\/td>\n\u00a0<\/td>\n8,013.3<\/td>\n\u00a0<\/td>\n(5) %<\/td>\n<\/tr>\n
Direct \u2013 auto<\/td>\n9,730.3<\/td>\n\u00a0<\/td>\n9,638.0<\/td>\n\u00a0<\/td>\n1%<\/td>\n<\/tr>\n
Total personal auto<\/td>\n17,336.3<\/td>\n\u00a0<\/td>\n17,651.3<\/td>\n\u00a0<\/td>\n(2) %<\/td>\n<\/tr>\n
Total special lines<\/td>\n5,548.9<\/td>\n\u00a0<\/td>\n5,272.5<\/td>\n\u00a0<\/td>\n5%<\/td>\n<\/tr>\n
Total Personal Lines<\/td>\n22,885.2<\/td>\n\u00a0<\/td>\n22,923.8<\/td>\n\u00a0<\/td>\n0%<\/td>\n<\/tr>\n
Total Commercial Lines<\/td>\n1,036.2<\/td>\n\u00a0<\/td>\n942.1<\/td>\n\u00a0<\/td>\n10%<\/td>\n<\/tr>\n
Total Property business<\/td>\n2,832.1<\/td>\n\u00a0<\/td>\n2,715.6<\/td>\n\u00a0<\/td>\n4%<\/td>\n<\/tr>\n
Companywide Total<\/td>\n26,753.5<\/td>\n\u00a0<\/td>\n26,581.5<\/td>\n\u00a0<\/td>\n1%<\/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

Progressive Insurance\u00ae<\/sup>\u00a0makes it easy to understand, buy and use\u00a0car insurance<\/u><\/a>, home insurance<\/u><\/a>, and other protection needs.\u00a0Progressive\u00a0offers\u00a0choices\u00a0so consumers can reach us whenever, wherever and however it’s most convenient – online at progressive.com<\/u><\/a>, 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 car 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.\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) 395-3707
investor_relations@progressive.com<\/p>\n

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

Progressive August 2022 Complete Earnings Release:\u00a0Download PDF<\/a><\/p>\n


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

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

MAYFIELD VILLAGE, OHIO, Sept. 15, 2022 (GLOBE NEWSWIRE) — The Progressive Corporation (NYSE:PGR) today reported the following results for August 2022: \u00a0 August (millions, except per share amounts and ratios; unaudited) 2022 \u00a0 2021 \u00a0 Change \u00a0 \u00a0 \u00a0 \u00a0 \u00a0 Net premiums written $ 4,081.1 \u00a0 \u00a0 $ 3,890.9 \u00a0 \u00a0 5% Net premiums earned $ 3,835.4 \u00a0 \u00a0 $ 3,513.8 \u00a0 \u00a0 9% Net income (loss) $ 119.7 \u00a0 \u00a0 $ (6.6 ) \u00a0 NM Per share available to common shareholders $ 0.20 \u00a0 \u00a0 $ (0.02 ) \u00a0 NM Total pretax net realized gains (losses) on securities $ (175.4 ) \u00a0 $ 131.5 \u00a0 \u00a0 (233) % Combined ratio \u00a0 93.6 \u00a0 \u00a0 \u00a0 105.3 \u00a0 \u00a0 … <\/p>\n

Continue reading “Progressive Reports August 2022 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-685666","post","type-post","status-publish","format-standard","hentry"],"yoast_head":"\nProgressive Reports August 2022 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-august-2022-results\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Progressive Reports August 2022 Results - Market Newsdesk\" \/>\n<meta property=\"og:description\" content=\"MAYFIELD VILLAGE, OHIO, Sept. 15, 2022 (GLOBE NEWSWIRE) — The Progressive Corporation (NYSE:PGR) today reported the following results for August 2022: \u00a0 August (millions, except per share amounts and ratios; unaudited) 2022 \u00a0 2021 \u00a0 Change \u00a0 \u00a0 \u00a0 \u00a0 \u00a0 Net premiums written $ 4,081.1 \u00a0 \u00a0 $ 3,890.9 \u00a0 \u00a0 5% Net premiums earned $ 3,835.4 \u00a0 \u00a0 $ 3,513.8 \u00a0 \u00a0 9% Net income (loss) $ 119.7 \u00a0 \u00a0 $ (6.6 ) \u00a0 NM Per share available to common shareholders $ 0.20 \u00a0 \u00a0 $ (0.02 ) \u00a0 NM Total pretax net realized gains (losses) on securities $ (175.4 ) \u00a0 $ 131.5 \u00a0 \u00a0 (233) % Combined ratio \u00a0 93.6 \u00a0 \u00a0 \u00a0 105.3 \u00a0 \u00a0 … Continue reading "Progressive Reports August 2022 Results"\" \/>\n<meta property=\"og:url\" content=\"https:\/\/www.marketnewsdesk.com\/index.php\/progressive-reports-august-2022-results\/\" \/>\n<meta property=\"og:site_name\" content=\"Market Newsdesk\" \/>\n<meta property=\"article:published_time\" content=\"2022-09-15T12:27:23+00:00\" \/>\n<meta property=\"og:image\" content=\"https:\/\/www.globenewswire.com\/newsroom\/ti?nf=ODY0NzQ1OCM1MTU0MDI2IzIwMTY5MTA=\" \/>\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-august-2022-results\\\/#article\",\"isPartOf\":{\"@id\":\"https:\\\/\\\/www.marketnewsdesk.com\\\/index.php\\\/progressive-reports-august-2022-results\\\/\"},\"author\":{\"name\":\"Newsdesk\",\"@id\":\"https:\\\/\\\/www.marketnewsdesk.com\\\/#\\\/schema\\\/person\\\/482f27a394d4fda80ecb5499e519d979\"},\"headline\":\"Progressive Reports August 2022 Results\",\"datePublished\":\"2022-09-15T12:27:23+00:00\",\"mainEntityOfPage\":{\"@id\":\"https:\\\/\\\/www.marketnewsdesk.com\\\/index.php\\\/progressive-reports-august-2022-results\\\/\"},\"wordCount\":281,\"image\":{\"@id\":\"https:\\\/\\\/www.marketnewsdesk.com\\\/index.php\\\/progressive-reports-august-2022-results\\\/#primaryimage\"},\"thumbnailUrl\":\"https:\\\/\\\/www.globenewswire.com\\\/newsroom\\\/ti?nf=ODY0NzQ1OCM1MTU0MDI2IzIwMTY5MTA=\",\"inLanguage\":\"en-US\"},{\"@type\":\"WebPage\",\"@id\":\"https:\\\/\\\/www.marketnewsdesk.com\\\/index.php\\\/progressive-reports-august-2022-results\\\/\",\"url\":\"https:\\\/\\\/www.marketnewsdesk.com\\\/index.php\\\/progressive-reports-august-2022-results\\\/\",\"name\":\"Progressive Reports August 2022 Results - 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