Progressive Reports July 2020 Results

MAYFIELD VILLAGE, OHIO, Aug. 19, 2020 (GLOBE NEWSWIRE) -- The Progressive Corporation (NYSE:PGR) today reported the following results for July 2020:  

					July
(millions, except per share amounts and ratios; unaudited)	2020				2019				Change
Net premiums written	$	4,109.3			$	3,675.6			12	%
Net premiums earned	$	3,781.4			$	3,426.9			10	%
Net income attributable to Progressive	$	812.0			$	384.9			111	%
Per share available to common shareholders	$	1.38			$	0.65			111	%
Total pretax net realized gains (losses) on securities	$	333.4			$	49.0			NM
Combined ratio		83.5				90.3			(6.8) pts.
Average diluted equivalent common shares		587.8				587.4			0	%
NM=Not meaningful