MAYFIELD VILLAGE, OHIO - March 12, 2014 -- The Progressive Corporation (PGR) today reported the following results for February 2014:
|(millions, except per share amounts and ratios; unaudited)||February||February||Change|
|Net premiums written||$||1,538.7||$||1,492.6||3 %|
|Net premiums earned||$||1,352.9||$||1,286.4||5 %|
|Net income||$||47.0||$||100.2||(53) %|
|Per share||$||.08||$||.17||(53) %|
|Total pretax net realized gains (losses) on securities|
|(including net impairment losses)||$||5.7||$||19.5||(71) %|
|Combined ratio||97.2||91.4||5.8 pts.|
|Average diluted equivalent shares||597.6||604.2||(1) %|
|Policies in Force:|
|Agency - auto||4,860.2||4,802.6||1 %|
|Direct - auto||4,299.4||4,043.9||6 %|
|Total personal auto||9,159.6||8,846.5||4 %|
|Total special lines||3,977.5||3,934.8||1 %|
|Total Personal Lines||13,137.1||12,781.3||3 %|
|Total Commercial Lines||508.0||516.8||(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