(MENAFNEditorial) Progressive Reports July 2017 Results
MAYFIELD VILLAGE, OHIO - August 16, 2017 -- The Progressive Corporation (NYSE:PGR) today reported the following results for July 2017:
(millions, except per share amounts and ratios; unaudited) July July Change 2017 2016 Net premiums written $ 2,708.7 $ 2,276.4 19 % Net premiums earned $ 2,475.8 $ 2,172.5 14 % Net income attributable to Progressive $ 199.3 $ 73.8 170 % Per share $ 0.34 $ 0.13 170 % Total pretax net realized gains (losses) on securities (including net impairment losses) $ 0.9 $ 23.3 (96) % Combined ratio 90.1 97.3 (7.2) pts. Average diluted equivalent shares 585.8 584.8 0 % (thousands; unaudited) July July 2017 2016 Change Policies in Force Vehicle businesses: Agency - auto 5,415.4 4,952.1 9 % Direct - auto 5,771.0 5,310.2 9 % Total personal auto 11,186.4 10,262.3 9 % Total special lines 4,382.8 4,282.1 2 % Total Personal Lines 15,569.2 14,544.4 7 % Total Commercial Lines 630.6 605.6 4 % Property business 1,327.8 1,179.0 13 % About ProgressiveThe Progressive Group of Insurance Companies makes it easy to understand, buy and use . Progressive offers so consumers can reach us whenever, wherever and however it's most convenient-online at , 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. Home insurance is underwritten by select carriers, including American Strategic Insurance Corp. and subsidiaries (ASI), our majority owned subsidiaries.Progressive is the fourth largest auto insurer in the country; a leading seller of and ; and through ASI, one of the top 20 homeowners carriers.Founded in 1937, Progressive continues its long history of offering shopping tools and services that save customers time and money, like , and .The Common Shares of The Progressive Corporation, the Mayfield Village, Ohio-based holding company, trade publicly at NYSE:PGR.Company Contact:Julia Hornack(440) 395-2164The Progressive Corporation6300 Wilson Mills RoadMayfield Village, Ohio 44143To view the complete release, click the attachment below.
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