MAYFIELD VILLAGE, OHIO - September 11, 2014 -- The Progressive Corporation (PGR) today reported the following results for August 2014:
|(millions, except per share amounts and ratios; unaudited)||August||August||Change|
|Net premiums written||$||1,499.4||$||1,368.1||10 %|
|Net premiums earned||$||1,395.3||$||1,321.2||6 %|
|Net income||$||84.8||$||69.1||23 %|
|Per share||$||.14||$||.11||25 %|
|Total pretax net realized gains (losses) on securities|
|(including net impairment losses)||$||2.4||$||16.2||(85) %|
|Combined ratio||92.8||95.4||(2.6) pts.|
|Average diluted equivalent shares||593.4||603.7||(2) %|
|Policies in Force:|
|Agency - auto||4,790.8||4,832.0||(1) %|
|Direct - auto||4,415.6||4,142.6||7 %|
|Total personal auto||9,206.4||8,974.6||3 %|
|Total special lines||4,088.9||4,047.1||1 %|
|Total Personal Lines||13,295.3||13,021.7||2 %|
|Total Commercial Lines||517.7||525.8||(2) %|
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®, Snapshot®, and Service Centers.
The Common Shares of The Progressive Corporation, the Mayfield Village, Ohio-based holding company, trade publicly at NYSE:PGR.
The Progressive Corporation
6300 Wilson Mills Road
Mayfield Village, Ohio 44143
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Source: The Progressive Corporation via GlobeNewswire