Progressive Reports November 2021 Results
| November | |||||||||||
| 2021 | 2020 | Change | |||||||||
| (millions, except per share amounts and ratios; unaudited) | |||||||||||
| Net premiums written | $ | 3,289.4 | $ | 2,957.9 | 11 | % | |||||
| Net premiums earned | $ | 3,590.4 | $ | 3,150.8 | 14 | % | |||||
| Net income | $ | 195.2 | $ | 739.8 | (74 | ) | % | ||||
| Per share available to common shareholders | $ | 0.33 | $ | 1.26 | (74 | ) | % | ||||
| Total pretax net realized gains (losses) on securities | $ | (99.1 | ) | $ | 459.6 | (122 | ) | % | |||
| Combined ratio | 91.9 | 86.6 | 5.3 pts. | ||||||||
| Average diluted equivalent common shares | 586.3 | 587.6 | 0 | % | |||||||
| November | |||||
| (thousands; unaudited) | 2021 | 2020 | Change | ||
| Policies in Force | |||||
| Personal Lines | |||||
| Agency – auto | 7,921.9 | 7,616.1 | 4% | ||
| Direct – auto | 9,600.8 | 8,881.1 | 8% | ||
| Total personal auto | 17,522.7 | 16,497.2 | 6% | ||
| Total special lines | 5,286.9 | 4,913.4 | 8% | ||
| Total Personal Lines | 22,809.6 | 21,410.6 | 7% | ||
| Total Commercial Lines | 968.8 | 819.4 | 18% | ||
| Total Property business | 2,762.5 | 2,459.6 | 12% | ||
| Companywide Total | 26,540.9 | 24,689.6 | 7% | ||
See Progressive’s complete monthly earnings release for additional information.
About Progressive
Progressive InsuranceSM 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:
Republic Indemnity Selects Groundspeed to Boost Underwriting Results and Improve Speed to Market
Kin Insurance Completes Acquisition of Carrier With Licenses in 43 States
Advisor News
- 6 in 10 Americans struggle with financial decisions
- Trump bets his tax cuts will please Las Vegas voters on his swing West
- Lifetime income is the missing link to global retirement security
- Don’t let caregiving derail your clients’ retirement
- The ‘magic number’ for retirement hits $1.45M
More Advisor NewsAnnuity News
- Annuity industry grapples with consolidation, innovation and planning shifts
- Human connection still key in the new annuity era
- Lifetime income is the missing link to global retirement security
- ‘All-weather’ annuity portfolios aim to sharply limit rainy days
- Annuity income: The new 401(k) standard?
More Annuity NewsHealth/Employee Benefits News
- Young cancer patients live the longest when they have this insurance: UTA study
- Gyde Acquires Benavest to Expand AI-Powered Brokerage Platform and Accelerate Consumer Health Insurance Growth
- Navigator cuts leave Americans with less help to find Obamacare plans
- Health care deductibles could double, triple after School Board vote
- Trump admin seeks health-care price transparency
More Health/Employee Benefits NewsLife Insurance News
- National Life Group Releases its 2025 Annual Report and Business Highlights
- Is life insurance through an employer enough?
- Best’s Market Segment Report: Australia’s Non-Life Insurance Segment Navigating Growth in a Volatile Landscape
- AI and life insurance: Fast today, unpredictable tomorrow
- Judge allows PHL policyholders to intervene, denies ‘premium holiday’
More Life Insurance News