Progressive Reports May 2020 Results

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

					May
(millions, except per share amounts and ratios; unaudited)	2020				2019				Change
Net premiums written	$	3,174.2			$	2,662.7			19	%
Net premiums earned	$	2,991.2			$	2,731.4			10	%
Net income attributable to Progressive	$	366.9			$	78.5			367	%
Per share available to common shareholders	$	0.62			$	0.13			378	%
Total pretax net realized gains (losses) on securities	$	210.6			$	(204.3	)		(203	)%
Combined ratio	93.7				91.6				2.1 pts.
Average diluted equivalent common shares	587.2				586.9				0	%