Progressive Reports October Results
MAYFIELD VILLAGE, Ohio -- November 14, 2012
The Progressive Corporation today reported the following results for October
(millions, except per share amounts and October October Change
Net premiums written $ 1,571.9 $ 1,454.7 8 %
Net premiums earned $ 1,575.2 $ 1,448.5 9 %
Net income $ 76.3 $ 55.7 37 %
Per share $ .13 $ .09 39 %
Total pretax net realized gains (losses)
(including net impairment losses) $ 24.3 $ 10.5 131 %
Combined ratio 96.5 96.7 (.2)pts.
Average diluted equivalent shares 605.3 614.8 (2 )%
(thousands; unaudited) October October Change
Policies in Force:
Agency – auto 4,830.9 4,647.7 4 %
Direct – auto 4,014.0 3,837.4 5 %
Total personal auto 8,844.9 8,485.1 4 %
Total special lines 3,973.6 3,821.8 4 %
Total Personal Lines 12,818.5 12,306.9 4 %
Total Commercial Auto 524.3 512.9 2 %
See the complete release at
Celebrating its 75^th anniversary in 2012, The Progressive Group of Insurance
Companies makes it easy to understand, buy, and use auto insurance.
Progressive offers choices so consumers can reach it whenever, wherever, and
however it’s most convenient—online at http://www.progressive.com, by phone at
1-800-PROGRESSIVE, or in-person with a local agent.
Progressive offers insurance for personal and commercial autos and trucks,
motorcycles, boats, recreational vehicles, and homes. It’s the fourth largest
auto insurer in the country, the largest seller of motorcycle insurance, and a
leader in commercial auto insurance. Progressive also offers car insurance
online in Australia at http://www.progressiveonline.com.au.
Founded in 1937, Progressive continues its long history of offering shopping
tools and services that save customers time and money, like Name Your Price^®,
the Snapshot Discount^®, and a concierge level of claims service.
The Common Shares of The Progressive Corporation, the Mayfield Village,
Ohio-based holding company, trade publicly at (NYSE:PGR).
The Progressive Corporation
Matt Downing, 440-395-4222
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