Progressive Reports October 2020 Results
MAYFIELD VILLAGE, OHIO, Nov. 24, 2020 (GLOBE NEWSWIRE) -- The Progressive Corporation (NYSE:PGR) today reported the following results for October 2020:
| October | |||||||||||
|
(millions, except per share amounts and ratios; unaudited) |
2020 | 2019 | Change | ||||||||
| Net premiums written | $ | 3,795.3 | $ | 3,655.7 | 4 | % | |||||
| Net premiums earned | $ | 3,893.8 | $ | 3,507.2 | 11 | % | |||||
| Net income attributable to Progressive | $ | 238.5 | $ | 304.7 | (22 | ) | % | ||||
| Per share available to common shareholders | $ | 0.40 | $ | 0.52 | (22 | ) | % | ||||
| Total pretax net realized gains (losses) on securities | $ | (40.3 | ) | $ | 93.6 | (143 | ) | % | |||
| Combined ratio | 92.6 | 94.0 | (1.4) pts. | ||||||||
| Average diluted equivalent common shares | 587.7 | 586.9 | 0 | % | |||||||
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