{"id":725697,"date":"2023-01-25T08:24:50","date_gmt":"2023-01-25T13:24:50","guid":{"rendered":"https:\/\/www.marketnewsdesk.com\/index.php\/progressive-reports-december-2022-results\/"},"modified":"2023-01-25T08:24:50","modified_gmt":"2023-01-25T13:24:50","slug":"progressive-reports-december-2022-results","status":"publish","type":"post","link":"https:\/\/www.marketnewsdesk.com\/index.php\/progressive-reports-december-2022-results\/","title":{"rendered":"Progressive Reports December 2022 Results"},"content":{"rendered":"
\n

MAYFIELD VILLAGE, OHIO, Jan. 25, 2023 (GLOBE NEWSWIRE) — The Progressive Corporation (NYSE:PGR) today reported the following results for December 2022 and the fourth quarter of 2022:<\/p>\n\n\n\n\n\n\n\n\n\n\n
\u00a0<\/td>\nDecember<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\nQuarter<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n<\/tr>\n
(millions, except per share amounts and ratios; unaudited)<\/td>\n\u00a0<\/td>\n2022<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n2021<\/td>\n\u00a0<\/td>\nChange<\/td>\n\u00a0<\/td>\n2022<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n2021<\/td>\n\u00a0<\/td>\nChange<\/td>\n<\/tr>\n
Net premiums written<\/td>\n$<\/td>\n3,574.0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n$<\/td>\n3,113.3<\/td>\n\u00a0<\/td>\n15\u00a0 %<\/td>\n$<\/td>\n12,460.2<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n$<\/td>\n10,749.3<\/td>\n\u00a0<\/td>\n16\u00a0 %<\/td>\n<\/tr>\n
Net premiums earned<\/td>\n$<\/td>\n4,030.0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n$<\/td>\n3,613.2<\/td>\n\u00a0<\/td>\n12\u00a0 %<\/td>\n$<\/td>\n12,891.5<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n$<\/td>\n11,601.4<\/td>\n\u00a0<\/td>\n11\u00a0 %<\/td>\n<\/tr>\n
Net income<\/td>\n$<\/td>\n5.8<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n$<\/td>\n393.3<\/td>\n\u00a0<\/td>\n(99) %<\/td>\n$<\/td>\n826.4<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n$<\/td>\n962.3<\/td>\n\u00a0<\/td>\n(14) %<\/td>\n<\/tr>\n
Per share available to common shareholders<\/td>\n$<\/td>\n0.01<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n$<\/td>\n0.67<\/td>\n\u00a0<\/td>\n(99) %<\/td>\n$<\/td>\n1.40<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n$<\/td>\n1.63<\/td>\n\u00a0<\/td>\n(14) %<\/td>\n<\/tr>\n
Total pretax net realized gains (losses) on securities<\/td>\n$<\/td>\n(411.1<\/td>\n)<\/td>\n\u00a0<\/td>\n$<\/td>\n222.3<\/td>\n\u00a0<\/td>\n(285) %<\/td>\n$<\/td>\n(72.8<\/td>\n)<\/td>\n\u00a0<\/td>\n$<\/td>\n425.3<\/td>\n\u00a0<\/td>\n(117) %<\/td>\n<\/tr>\n
Combined ratio<\/td>\n\u00a0<\/td>\n93.3<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n94.6<\/td>\n\u00a0<\/td>\n(1.3) pts.<\/td>\n\u00a0<\/td>\n93.9<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n94.7<\/td>\n\u00a0<\/td>\n(0.8) pts.<\/td>\n<\/tr>\n
Average diluted equivalent common shares<\/td>\n\u00a0<\/td>\n587.1<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n586.4<\/td>\n\u00a0<\/td>\n0\u00a0 %<\/td>\n\u00a0<\/td>\n587.1<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n586.3<\/td>\n\u00a0<\/td>\n0\u00a0 %<\/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>\nDecember<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n<\/tr>\n
(thousands; unaudited)<\/td>\n2022<\/td>\n\u00a0<\/td>\n2021<\/td>\n\u00a0<\/td>\nChange<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n<\/tr>\n
Policies in Force<\/td>\n\u00a0<\/td>\n\u00a0<\/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\u00a0<\/td>\n\u00a0<\/td>\n<\/tr>\n
Agency \u2013 auto<\/td>\n7,766.3<\/td>\n\u00a0<\/td>\n7,879.0<\/td>\n\u00a0<\/td>\n(1<\/td>\n)<\/td>\n%<\/td>\n<\/tr>\n
Direct \u2013 auto<\/td>\n10,131.0<\/td>\n\u00a0<\/td>\n9,568.2<\/td>\n\u00a0<\/td>\n6<\/td>\n\u00a0<\/td>\n%<\/td>\n<\/tr>\n
Total personal auto<\/td>\n17,897.3<\/td>\n\u00a0<\/td>\n17,447.2<\/td>\n\u00a0<\/td>\n3<\/td>\n\u00a0<\/td>\n%<\/td>\n<\/tr>\n
Total special lines<\/td>\n5,558.1<\/td>\n\u00a0<\/td>\n5,288.5<\/td>\n\u00a0<\/td>\n5<\/td>\n\u00a0<\/td>\n%<\/td>\n<\/tr>\n
Total Personal Lines<\/td>\n23,455.4<\/td>\n\u00a0<\/td>\n22,735.7<\/td>\n\u00a0<\/td>\n3<\/td>\n\u00a0<\/td>\n%<\/td>\n<\/tr>\n
Total Commercial Lines<\/td>\n1,046.4<\/td>\n\u00a0<\/td>\n971.2<\/td>\n\u00a0<\/td>\n8<\/td>\n\u00a0<\/td>\n%<\/td>\n<\/tr>\n
Total Property business<\/td>\n2,851.3<\/td>\n\u00a0<\/td>\n2,776.2<\/td>\n\u00a0<\/td>\n3<\/td>\n\u00a0<\/td>\n%<\/td>\n<\/tr>\n
Companywide Total<\/td>\n27,353.1<\/td>\n\u00a0<\/td>\n26,483.1<\/td>\n\u00a0<\/td>\n3<\/td>\n\u00a0<\/td>\n%<\/td>\n<\/tr>\n
\u00a0<\/td>\n\u00a0<\/td>\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 however it’s most convenient for them \u2014 online at progressive.com<\/u><\/a>, by phone at\u00a01-800-PROGRESSIVE, via the Progressive mobile app, 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.\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<\/a><\/u><\/p>\n

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

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


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

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

MAYFIELD VILLAGE, OHIO, Jan. 25, 2023 (GLOBE NEWSWIRE) — The Progressive Corporation (NYSE:PGR) today reported the following results for December 2022 and the fourth quarter of 2022: \u00a0 December \u00a0 \u00a0 Quarter \u00a0 \u00a0 (millions, except per share amounts and ratios; unaudited) \u00a0 2022 \u00a0 \u00a0 \u00a0 2021 \u00a0 Change \u00a0 2022 \u00a0 \u00a0 \u00a0 2021 \u00a0 Change Net premiums written $ 3,574.0 \u00a0 \u00a0 $ 3,113.3 \u00a0 15\u00a0 % $ 12,460.2 \u00a0 \u00a0 $ 10,749.3 \u00a0 16\u00a0 % Net premiums earned $ 4,030.0 \u00a0 \u00a0 $ 3,613.2 \u00a0 12\u00a0 % $ 12,891.5 \u00a0 \u00a0 $ 11,601.4 \u00a0 11\u00a0 % Net income $ 5.8 \u00a0 \u00a0 $ 393.3 \u00a0 (99) % $ 826.4 \u00a0 \u00a0 $ 962.3 \u00a0 (14) % … <\/p>\n

Continue reading “Progressive Reports December 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-725697","post","type-post","status-publish","format-standard","hentry"],"yoast_head":"\nProgressive Reports December 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-december-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 December 2022 Results - Market Newsdesk\" \/>\n<meta property=\"og:description\" content=\"MAYFIELD VILLAGE, OHIO, Jan. 25, 2023 (GLOBE NEWSWIRE) — The Progressive Corporation (NYSE:PGR) today reported the following results for December 2022 and the fourth quarter of 2022: \u00a0 December \u00a0 \u00a0 Quarter \u00a0 \u00a0 (millions, except per share amounts and ratios; unaudited) \u00a0 2022 \u00a0 \u00a0 \u00a0 2021 \u00a0 Change \u00a0 2022 \u00a0 \u00a0 \u00a0 2021 \u00a0 Change Net premiums written $ 3,574.0 \u00a0 \u00a0 $ 3,113.3 \u00a0 15\u00a0 % $ 12,460.2 \u00a0 \u00a0 $ 10,749.3 \u00a0 16\u00a0 % Net premiums earned $ 4,030.0 \u00a0 \u00a0 $ 3,613.2 \u00a0 12\u00a0 % $ 12,891.5 \u00a0 \u00a0 $ 11,601.4 \u00a0 11\u00a0 % Net income $ 5.8 \u00a0 \u00a0 $ 393.3 \u00a0 (99) % $ 826.4 \u00a0 \u00a0 $ 962.3 \u00a0 (14) % … Continue reading "Progressive Reports December 2022 Results"\" \/>\n<meta property=\"og:url\" content=\"https:\/\/www.marketnewsdesk.com\/index.php\/progressive-reports-december-2022-results\/\" \/>\n<meta property=\"og:site_name\" content=\"Market Newsdesk\" \/>\n<meta property=\"article:published_time\" content=\"2023-01-25T13:24:50+00:00\" \/>\n<meta property=\"og:image\" content=\"https:\/\/www.globenewswire.com\/newsroom\/ti?nf=ODczNjQ3MSM1MzcyNzc3IzIwMTY5MTA=\" \/>\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-december-2022-results\\\/#article\",\"isPartOf\":{\"@id\":\"https:\\\/\\\/www.marketnewsdesk.com\\\/index.php\\\/progressive-reports-december-2022-results\\\/\"},\"author\":{\"name\":\"Newsdesk\",\"@id\":\"https:\\\/\\\/www.marketnewsdesk.com\\\/#\\\/schema\\\/person\\\/482f27a394d4fda80ecb5499e519d979\"},\"headline\":\"Progressive Reports December 2022 Results\",\"datePublished\":\"2023-01-25T13:24:50+00:00\",\"mainEntityOfPage\":{\"@id\":\"https:\\\/\\\/www.marketnewsdesk.com\\\/index.php\\\/progressive-reports-december-2022-results\\\/\"},\"wordCount\":283,\"image\":{\"@id\":\"https:\\\/\\\/www.marketnewsdesk.com\\\/index.php\\\/progressive-reports-december-2022-results\\\/#primaryimage\"},\"thumbnailUrl\":\"https:\\\/\\\/www.globenewswire.com\\\/newsroom\\\/ti?nf=ODczNjQ3MSM1MzcyNzc3IzIwMTY5MTA=\",\"inLanguage\":\"en-US\"},{\"@type\":\"WebPage\",\"@id\":\"https:\\\/\\\/www.marketnewsdesk.com\\\/index.php\\\/progressive-reports-december-2022-results\\\/\",\"url\":\"https:\\\/\\\/www.marketnewsdesk.com\\\/index.php\\\/progressive-reports-december-2022-results\\\/\",\"name\":\"Progressive Reports December 2022 Results - 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Market Newsdesk","robots":{"index":"index","follow":"follow","max-snippet":"max-snippet:-1","max-image-preview":"max-image-preview:large","max-video-preview":"max-video-preview:-1"},"canonical":"https:\/\/www.marketnewsdesk.com\/index.php\/progressive-reports-december-2022-results\/","og_locale":"en_US","og_type":"article","og_title":"Progressive Reports December 2022 Results - Market Newsdesk","og_description":"MAYFIELD VILLAGE, OHIO, Jan. 25, 2023 (GLOBE NEWSWIRE) — The Progressive Corporation (NYSE:PGR) today reported the following results for December 2022 and the fourth quarter of 2022: \u00a0 December \u00a0 \u00a0 Quarter \u00a0 \u00a0 (millions, except per share amounts and ratios; unaudited) \u00a0 2022 \u00a0 \u00a0 \u00a0 2021 \u00a0 Change \u00a0 2022 \u00a0 \u00a0 \u00a0 2021 \u00a0 Change Net premiums written $ 3,574.0 \u00a0 \u00a0 $ 3,113.3 \u00a0 15\u00a0 % $ 12,460.2 \u00a0 \u00a0 $ 10,749.3 \u00a0 16\u00a0 % Net premiums earned $ 4,030.0 \u00a0 \u00a0 $ 3,613.2 \u00a0 12\u00a0 % $ 12,891.5 \u00a0 \u00a0 $ 11,601.4 \u00a0 11\u00a0 % Net income $ 5.8 \u00a0 \u00a0 $ 393.3 \u00a0 (99) % $ 826.4 \u00a0 \u00a0 $ 962.3 \u00a0 (14) % … Continue reading \"Progressive Reports December 2022 Results\"","og_url":"https:\/\/www.marketnewsdesk.com\/index.php\/progressive-reports-december-2022-results\/","og_site_name":"Market Newsdesk","article_published_time":"2023-01-25T13:24:50+00:00","og_image":[{"url":"https:\/\/www.globenewswire.com\/newsroom\/ti?nf=ODczNjQ3MSM1MzcyNzc3IzIwMTY5MTA=","type":"","width":"","height":""}],"author":"Newsdesk","twitter_card":"summary_large_image","twitter_misc":{"Written by":"Newsdesk","Est. reading time":"1 minute"},"schema":{"@context":"https:\/\/schema.org","@graph":[{"@type":"Article","@id":"https:\/\/www.marketnewsdesk.com\/index.php\/progressive-reports-december-2022-results\/#article","isPartOf":{"@id":"https:\/\/www.marketnewsdesk.com\/index.php\/progressive-reports-december-2022-results\/"},"author":{"name":"Newsdesk","@id":"https:\/\/www.marketnewsdesk.com\/#\/schema\/person\/482f27a394d4fda80ecb5499e519d979"},"headline":"Progressive Reports December 2022 Results","datePublished":"2023-01-25T13:24:50+00:00","mainEntityOfPage":{"@id":"https:\/\/www.marketnewsdesk.com\/index.php\/progressive-reports-december-2022-results\/"},"wordCount":283,"image":{"@id":"https:\/\/www.marketnewsdesk.com\/index.php\/progressive-reports-december-2022-results\/#primaryimage"},"thumbnailUrl":"https:\/\/www.globenewswire.com\/newsroom\/ti?nf=ODczNjQ3MSM1MzcyNzc3IzIwMTY5MTA=","inLanguage":"en-US"},{"@type":"WebPage","@id":"https:\/\/www.marketnewsdesk.com\/index.php\/progressive-reports-december-2022-results\/","url":"https:\/\/www.marketnewsdesk.com\/index.php\/progressive-reports-december-2022-results\/","name":"Progressive Reports December 2022 Results - 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