Progressive Reports February Results
MAYFIELD VILLAGE, Ohio -- March 13, 2013
The Progressive Corporation today reported the following results for February
(millions, except per share amounts and February February
ratios; unaudited) Change
Net premiums written $ 1,492.6 $ 1,379.2 8 %
Net premiums earned $ 1,286.4 $ 1,189.0 8 %
Net income $ 100.2 $ 106.3 (6)%
Per share $ .17 $ .17 (5)%
Total pretax net realized gains (losses)
(including net impairment losses) $ 19.5 $ 29.4 (34)%
Combined ratio 91.4 91.2 .2 pts.
Average diluted equivalent shares 604.2 609.7 (1)%
(thousands; unaudited) February February
2013 2012 Change
Policies in Force:
Agency – auto 4,802.6 4,772.4 1 %
Direct – auto 4,043.9 3,956.5 2 %
Total personal auto 8,846.5 8,728.9 1 %
Total special lines 3,934.8 3,801.3 4 %
Total Personal Lines 12,781.3 12,530.2 2 %
Total Commercial Auto 516.8 511.8 1 %
See the complete release at
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, on a mobile device
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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