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:
investor_relations@progressive.com
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
- Navigating client communication in a digital age
- Can your advisory firm survive without you?
- I started using AI, but what now?
- How to support an entrepreneur client with multiple businesses
- Could a narrower focus help grow your practice?
More Advisor NewsAnnuity News
- Solen Software Group Acquires Cooperative Technologies, Provider of 1035 Exchange and Annuity Replacement Software
- MassMutual Expands Lending Options With New Secured Credit Line
- Corebridge Financial Introduces Progressive Trigger, a First-of-Its-Kind Index Annuity Strategy Designed to Turn Missed Years into Future Opportunity
- Insurer proposes $1.1M deal to resolve CA teachers’ annuity fee lawsuit
- IMOs get frustrated with slow carrier adoption of faster technology
More Annuity NewsHealth/Employee Benefits News
- Health plans task force fight Medicaid fraud
- Recent Findings from Brown University Provides New Insights into Managed Care (Use of Brokers In Medicare Advantage and Standalone Part D Plans): Managed Care
- More than 1,700 Pottawattamie County residents face Medicare plan cancellations
- KENTUCKY CAN CUT HEALTH PREMIUMS WITHOUT SPENDING A DIME
- SpecialtyCare sues Anthem over $2.5 million in unpaid awards
More Health/Employee Benefits NewsLife Insurance News