Progressive Reports February 2021 Results

MAYFIELD VILLAGE, OHIO, March 17, 2021 (GLOBE NEWSWIRE) -- The Progressive Corporation (NYSE:PGR) today reported the following results for February 2021:

	February
(millions, except per share amounts and ratios; unaudited)	2021			2020			Change
Net premiums written	$3,852.4			$3,404.2			13	%
Net premiums earned	$3,202.5			$2,915.1			10	%
Net income attributable to Progressive	$354.6			$67.1			428	%
Per share available to common shareholders	$0.60			$0.11			444	%
Total pretax net realized gains (losses) on securities	$128.4			$(257.0)			(150)	%
Combined ratio	91.4			90.3			1.1 pts.
Average diluted equivalent common shares	586.8			586.9			0	%

	February
(thousands; unaudited)	2021		2020		Change
Policies in Force
Personal Lines
Agency – auto	7,752.6		7,148.1		8%
Direct – auto	9,132.3		8,095.1		13%
Total personal auto	16,884.9		15,243.2		11%
Total special lines	4,957.4		4,570.7		8%
Total Personal Lines	21,842.3		19,813.9		10%
Total Commercial Lines	842.0		764.0		10%
Property business	2,529.7		2,243.7		13%
Companywide Total	25,214.0		22,821.6		10%

See Progressive’s complete monthly earnings release, including the “Monthly Commentary,” for additional information.