checkAd

     116  0 Kommentare Progressive Reports September 2020 Results

    MAYFIELD VILLAGE, OHIO, Oct. 14, 2020 (GLOBE NEWSWIRE) -- The Progressive Corporation (NYSE:PGR) today reported the following results for September 2020 and the third quarter of 2020: 

      September     Quarter    
    (millions, except per share amounts and ratios; unaudited)

    2020   2019   Change 2020   2019   Change
                       
    Net premiums written $ 3,468.1     $ 3,024.3     15  %   $ 11,015.1   $ 9,621.2     14  %  
    Net premiums earned $ 3,103.2     $ 2,800.9     11  %   $ 9,973.5   $ 9,012.2     11  %  
    Net income attributable to Progressive $ 231.4     $ 280.9     (18)  %   $ 1,530.8   $ 841.7     82  %  
    Per share available to common shareholders $ 0.39     $ 0.47     (18)  %   $ 2.59   $ 1.42     82  %  
    Total pretax net realized gains (losses) on securities $ (131.7 )   $ 50.1     (363)  %   $ 532.6   $ 65.4     NM     
    Combined ratio   88.3       92.3     (4.0)  pts.   87.8     91.9     (4.1)  pts.  
    Average diluted equivalent common shares   587.8       587.0     %   587.8     587.1     %  

    NM=Not meaningful

      September
    (thousands; unaudited)

    2020   2019   Change
    Policies in Force          
    Personal Lines          
    Agency – auto 7,527.1   6,903.8   9 %
    Direct – auto 8,774.3   7,716.0   14 %
    Total personal auto 16,301.4   14,619.8   12 %
    Total special lines 4,905.8   4,567.6   7 %
    Total Personal Lines 21,207.2   19,187.4   11 %
    Total Commercial Lines 803.9   748.7   7 %
    Property business 2,421.0   2,144.3   13 %
    Companywide Total 24,432.1   22,080.4   11 %
               

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

    About Progressive

    The Progressive Group of Insurance Companies makes it easy to understand, buy and use auto insurance. Progressive offers choices so consumers can reach us whenever, wherever and however it's most convenient - online at progressive.com, by phone at 1-800-PROGRESSIVE, on a mobile device or in-person with a local agent.

    Progressive provides insurance for personal and commercial autos and trucks, motorcycles, boats, recreational vehicles, and homes; it is the third largest auto insurer in the country, a leading seller of motorcycle and commercial auto insurance, and one of the top 15 homeowners insurance carriers

    Founded in 1937, Progressive continues its long history of offering shopping tools and services that save customers time and money, like Name Your Price, Snapshot, and HomeQuote Explorer.

    The Common Shares of The Progressive Corporation, the Mayfield Village, Ohio-based holding company, trade publicly at NYSE:PGR.

    Company Contact:
    Douglas S. Constantine
    (440) 910-3563
    investor_relations@progressive.com

    The Progressive Corporation
    6300 Wilson Mills Road
    Mayfield Village, Ohio 44143
    http://www.progressive.com

    Progressive September 2020 Complete Earnings Release: http://ml.globenewswire.com/Resource/Download/aba592ac-8bb1-4342-9954- ...






    globenewswire
    0 Follower
    Autor folgen

    Verfasst von globenewswire
    Progressive Reports September 2020 Results MAYFIELD VILLAGE, OHIO, Oct. 14, 2020 (GLOBE NEWSWIRE) - The Progressive Corporation (NYSE:PGR) today reported the following results for September 2020 and the third quarter of 2020:   September  Quarter  (millions, except per share amounts and …