Progressive Reports April 2020 Results

MAYFIELD VILLAGE, OHIO, May 20, 2020 (GLOBE NEWSWIRE) -- The Progressive Corporation (NYSE:PGR) today reported the following results for April 2020:  

				April
(millions, except per share amounts and ratios; unaudited)	2020			2019			Change
Net premiums written	$	3,764.2		$	3,669.8		3%
Net premiums earned	$	3,634.3		$	3,348.3		9%
Net income attributable to Progressive	$	952.6		$	487.8		95%
Per share available to common shareholders	$	1.62		$	0.83		96%
Total pretax net realized gains (losses) on securities	$	537.3		$	131.6		308%
Combined ratio	83.4			87.4			(4.0) pts.
Average diluted equivalent common shares	587.2			586.7			0%

					April
(thousands; unaudited)		2020			2019		Change
Policies in Force
Personal Lines
Agency – auto		7,237.1			6,687.2		8%
Direct – auto		8,269.2			7,427.8		11%
Total personal auto		15,506.3			14,115.0		10%
Total special lines		4,618.1			4,444.2		4%
Total Personal Lines		20,124.4			18,559.2		8%
Total Commercial Lines		764.6			721.7		6%
Property business		2,282.7			2,024.8		13%
Companywide Total		23,171.7			21,305.7		9%

See Progressive's complete monthly earnings release, including the "Monthly Commentary," for additional information.