Progressive Reports February 2020 Results

MAYFIELD VILLAGE, OHIO, March 17, 2020 (GLOBE NEWSWIRE) -- The Progressive Corporation (NYSE:PGR) today reported the following results for February 2020:  

 

					February
(millions, except per share amounts and ratios; unaudited)	2020				2019				Change
Net premiums written	$	3,404.2			$	3,107.0			10		%
Net premiums earned	$	2,915.1			$	2,601.3			12		%
Net income attributable to Progressive	$	67.1			$	327.6			(80	)	%
Per share available to common shareholders	$	0.11			$	0.55			(80	)	%
Total pretax net realized gains (losses) on securities	$	(257.0	)		$	109.9			(334	)	%
Combined ratio	90.3				90.9				(0.6) pts.
Average diluted equivalent common shares	586.9				586.6				0		%