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Progressive Reports March 2021 Results

Nachrichtenquelle: globenewswire
15.04.2021, 14:15  |  196   |   |   

MAYFIELD VILLAGE, OHIO, April 15, 2021 (GLOBE NEWSWIRE) -- The Progressive Corporation (NYSE:PGR) today reported the following results for March and the first quarter of 2021: 

  March   Quarter  
  2021 2020 Change 2021 2020 Change
(millions, except per share amounts and ratios; unaudited)                   
Net premiums written $3,772.5 $2,860.8 32 % $11,729.1 $9,871.3 19 %
Net premiums earned $3,269.9 $2,936.5 11 % $10,420.2 $9,430.7 10 %
Net income $567.9 $318.6 78 % $1,480.0 $692.7 114 %
Per share available to common shareholders $0.96 $0.54 79 % $2.51 $1.17 115 %
Total pretax net realized gains (losses) on securities $348.7 $(329.1) (206) % $585.3 $(553.6) (206) %
Combined ratio 90.7 77.1 13.6 pts. 89.3 86.9 2.4 pts.
Average diluted equivalent common shares 586.6 587.0 0 % 586.9 586.9 0 %

Note: Year-over-year changes reflect the impact on net premiums written, profitability, and the equity markets from the social distancing and shelter-in-place restrictions that were put in place in March 2020 in response to COVID-19.

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Progressive Reports March 2021 Results MAYFIELD VILLAGE, OHIO, April 15, 2021 (GLOBE NEWSWIRE) - The Progressive Corporation (NYSE:PGR) today reported the following results for March and the first quarter of 2021:   March Quarter  20212020Change20212020Change(millions, except per …

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