Progressive Announces Quarterly Common Share Dividend, Share Repurchase Authorization, and April 2022 Results
The Company today reported the following results for
| April | |||||||||
| (millions, except per share amounts and ratios; unaudited) | 2022 | 2021 | Change | ||||||
| Net premiums written | $ | 4,820.7 | $ | 4,450.6 | 8 | % | |||
| Net premiums earned | $ | 4,614.1 | $ | 4,133.6 | 12 | % | |||
| Net income (loss) | $ | (198.3 | ) | $ | 316.2 | (163 | )% | ||
| Per share available to common shareholders | $ | (0.34 | ) | $ | 0.54 | (164 | )% | ||
| Total pretax net realized gains (losses) on securities | $ | (524.5 | ) | $ | 191.3 | (374 | )% | ||
| Combined ratio | 95.5 | 96.0 | (0.5) pts. | ||||||
| Average equivalent common shares | 584.3 | 586.8 | 0 | % | |||||
| April | |||||
| (thousands; unaudited) | 2022 | 2021 | Change | ||
| Policies in Force | |||||
| Personal Lines | |||||
| Agency – auto | 7,702.3 | 7,951.8 | (3)% | ||
| Direct – auto | 9,537.7 | 9,478.6 | 1% | ||
| Total personal auto | 17,240.0 | 17,430.4 | (1)% | ||
| Total special lines | 5,392.0 | 5,106.7 | 6% | ||
| Total Personal Lines | 22,632.0 | 22,537.1 | 0% | ||
| Total Commercial Lines | 1,012.3 | 881.2 | 15% | ||
| Total Property business | 2,812.8 | 2,601.2 | 8% | ||
| Companywide Total | 26,457.1 | 26,019.5 | 2% | ||
See Progressive’s complete monthly earnings release for additional information.
About Progressive
Progressive Insurance® makes it easy to understand, buy and use car insurance, home insurance, and other protection needs. Progressive offers choices so consumers can reach us whenever, wherever and however it's most convenient - online at progressive.com, by phone at 1-800-PROGRESSIVE, on a mobile device or in-person with a local agent.
Progressive provides insurance for personal and commercial autos and trucks, motorcycles, boats, recreational vehicles, and homes; it is the third largest car insurer in the country, a leading seller of motorcycle and commercial auto insurance, and one of the top 15 homeowners insurance carriers.
Founded in 1937, Progressive continues its long history of offering shopping tools and services that save customers time and money, like Name Your Price®, Snapshot®, and HomeQuote Explorer®.
The Common Shares of
Company Contact:
[email protected]
http://www.progressive.com
Progressive
Source:
How Looking Back At The Fed’s Past Can Help Us Understand Its Future
Savvy Senior: How Medicare covers Alzheimer’s disease
Advisor News
- Equitable launches 403(b) pooled employer plan to support nonprofits
- Financial FOMO is quietly straining relationships
- GDP growth to rebound in 2027-2029; markets to see more volatility in 2026
- Health-related costs are the greatest threat to retirement security
- Social Security literacy is crucial for advisors
More Advisor NewsAnnuity News
- Best’s Special Report: Analysis Shows Drastic Shift in Life Insurance Reserves Toward Annuity Products, and a Slide in Credit Quality
- MetLife to Announce First Quarter 2026 Results
- CT commissioner: 70% of policyholders covered in PHL liquidation plan
- ‘I get confused:’ Regulators ponder increasing illustration complexities
- Three ways the Corebridge/Equitable merger could shake up the annuity market
More Annuity NewsHealth/Employee Benefits News
- The health insurance sinkhole
- Families worry their fragile peace could be at risk with Medicaid cuts
- Terry Savage: The health insurance sinkhole
- AKF STATEMENT ON RESOLUTION OF COURT CASE CHALLENGING CALIFORNIA ASSEMBLY BILL 290
- WHITEHOUSE, SULLIVAN INTRODUCE LEGISLATION TO HELP BLIND AMERICANS RETURN TO WORK
More Health/Employee Benefits NewsLife Insurance News
- An Application for the Trademark “PREMIER ACCESS” Has Been Filed by The Guardian Life Insurance Company of America: The Guardian Life Insurance Company of America
- AM Best Assigns Credit Ratings to North American Fire & General Insurance Company Limited and North American Life Insurance Company Limited
- Supporting the ‘better late than never’ market with life insurance
- Best’s Special Report: Analysis Shows Drastic Shift in Life Insurance Reserves Toward Annuity Products, and a Slide in Credit Quality
- The child-free client: how advisors can support this growing demographic
More Life Insurance News