{"id":784291,"date":"2023-09-15T08:42:28","date_gmt":"2023-09-15T12:42:28","guid":{"rendered":"https:\/\/www.marketnewsdesk.com\/index.php\/progressive-reports-august-2023-results\/"},"modified":"2023-09-15T08:42:28","modified_gmt":"2023-09-15T12:42:28","slug":"progressive-reports-august-2023-results","status":"publish","type":"post","link":"https:\/\/www.marketnewsdesk.com\/index.php\/progressive-reports-august-2023-results\/","title":{"rendered":"Progressive Reports August 2023 Results"},"content":{"rendered":"
\n

MAYFIELD VILLAGE, OHIO, Sept. 15, 2023 (GLOBE NEWSWIRE) — \u00a0The Progressive Corporation (NYSE:PGR) today reported the following results for August 2023:<\/p>\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)<\/td>\n2023<\/td>\n\u00a0<\/td>\n2022<\/td>\n\u00a0<\/td>\nChange<\/td>\n<\/tr>\n
Net premiums written<\/td>\n$4,743.8<\/td>\n\u00a0<\/td>\n$4,081.1<\/td>\n\u00a0<\/td>\n16 %<\/td>\n\u00a0<\/td>\n<\/tr>\n
Net premiums earned<\/td>\n$4,599.2<\/td>\n\u00a0<\/td>\n$3,835.4<\/td>\n\u00a0<\/td>\n20 %<\/td>\n\u00a0<\/td>\n<\/tr>\n
Net income<\/td>\n$147.6<\/td>\n\u00a0<\/td>\n$119.7<\/td>\n\u00a0<\/td>\n23 %<\/td>\n\u00a0<\/td>\n<\/tr>\n
Per share available to common shareholders<\/td>\n$0.25<\/td>\n\u00a0<\/td>\n$0.20<\/td>\n\u00a0<\/td>\n23 %<\/td>\n\u00a0<\/td>\n<\/tr>\n
Total pretax net realized gains (losses) on securities<\/td>\n$(80.6)<\/td>\n\u00a0<\/td>\n$(175.4)<\/td>\n\u00a0<\/td>\n(54) %<\/td>\n\u00a0<\/td>\n<\/tr>\n
Combined ratio<\/td>\n97.2<\/td>\n\u00a0<\/td>\n93.6<\/td>\n\u00a0<\/td>\n3.6 pts.<\/td>\n<\/tr>\n
Average diluted equivalent common shares<\/td>\n587.5<\/td>\n\u00a0<\/td>\n587.2<\/td>\n\u00a0<\/td>\n0 %<\/td>\n\u00a0<\/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>\nAugust<\/td>\n<\/tr>\n
(thousands; unaudited)<\/td>\n2023<\/td>\n\u00a0<\/td>\n2022<\/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>\n8,377.0<\/td>\n\u00a0<\/td>\n7,606.0<\/td>\n\u00a0<\/td>\n10 %<\/td>\n\u00a0<\/td>\n<\/tr>\n
Direct \u2013 auto<\/td>\n11,150.8<\/td>\n\u00a0<\/td>\n9,730.3<\/td>\n\u00a0<\/td>\n15 %<\/td>\n\u00a0<\/td>\n<\/tr>\n
Total personal auto<\/td>\n19,527.8<\/td>\n\u00a0<\/td>\n17,336.3<\/td>\n\u00a0<\/td>\n13 %<\/td>\n\u00a0<\/td>\n<\/tr>\n
Total special lines<\/td>\n5,934.3<\/td>\n\u00a0<\/td>\n5,548.9<\/td>\n\u00a0<\/td>\n7 %<\/td>\n\u00a0<\/td>\n<\/tr>\n
Total Personal Lines<\/td>\n25,462.1<\/td>\n\u00a0<\/td>\n22,885.2<\/td>\n\u00a0<\/td>\n11 %<\/td>\n\u00a0<\/td>\n<\/tr>\n
Total Commercial Lines<\/td>\n1,105.6<\/td>\n\u00a0<\/td>\n1,036.2<\/td>\n\u00a0<\/td>\n7 %<\/td>\n\u00a0<\/td>\n<\/tr>\n
Total Property business<\/td>\n3,007.2<\/td>\n\u00a0<\/td>\n2,832.1<\/td>\n\u00a0<\/td>\n6 %<\/td>\n\u00a0<\/td>\n<\/tr>\n
Companywide Total<\/td>\n29,574.9<\/td>\n\u00a0<\/td>\n26,753.5<\/td>\n\u00a0<\/td>\n11 %<\/td>\n\u00a0<\/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 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 second largest auto insurer in the country, a leading seller of commercial<\/u><\/a> auto,\u00a0motorcycle<\/u><\/a>,\u00a0and boat<\/u><\/a> insurance, 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<\/a><\/u><\/p>\n

Download PDF:\u00a0Progressive August 2023 Complete Earnings Release<\/a><\/p>\n


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

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

MAYFIELD VILLAGE, OHIO, Sept. 15, 2023 (GLOBE NEWSWIRE) — \u00a0The Progressive Corporation (NYSE:PGR) today reported the following results for August 2023: \u00a0 August (millions, except per share amounts and ratios; unaudited) 2023 \u00a0 2022 \u00a0 Change Net premiums written $4,743.8 \u00a0 $4,081.1 \u00a0 16 % \u00a0 Net premiums earned $4,599.2 \u00a0 $3,835.4 \u00a0 20 % \u00a0 Net income $147.6 \u00a0 $119.7 \u00a0 23 % \u00a0 Per share available to common shareholders $0.25 \u00a0 $0.20 \u00a0 23 % \u00a0 Total pretax net realized gains (losses) on securities $(80.6) \u00a0 $(175.4) \u00a0 (54) % \u00a0 Combined ratio 97.2 \u00a0 93.6 \u00a0 3.6 pts. Average diluted equivalent common shares 587.5 \u00a0 587.2 \u00a0 0 % \u00a0 \u00a0 \u00a0 August (thousands; unaudited) 2023 \u00a0 … <\/p>\n

Continue reading “Progressive Reports August 2023 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-784291","post","type-post","status-publish","format-standard","hentry"],"yoast_head":"\nProgressive Reports August 2023 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-2023-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 2023 Results - Market Newsdesk\" \/>\n<meta property=\"og:description\" content=\"MAYFIELD VILLAGE, OHIO, Sept. 15, 2023 (GLOBE NEWSWIRE) — \u00a0The Progressive Corporation (NYSE:PGR) today reported the following results for August 2023: \u00a0 August (millions, except per share amounts and ratios; unaudited) 2023 \u00a0 2022 \u00a0 Change Net premiums written $4,743.8 \u00a0 $4,081.1 \u00a0 16 % \u00a0 Net premiums earned $4,599.2 \u00a0 $3,835.4 \u00a0 20 % \u00a0 Net income $147.6 \u00a0 $119.7 \u00a0 23 % \u00a0 Per share available to common shareholders $0.25 \u00a0 $0.20 \u00a0 23 % \u00a0 Total pretax net realized gains (losses) on securities $(80.6) \u00a0 $(175.4) \u00a0 (54) % \u00a0 Combined ratio 97.2 \u00a0 93.6 \u00a0 3.6 pts. 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