MAYFIELD VILLAGE, OHIO - March 18, 2015 -- The Progressive Corporation (PGR) today reported the following results for February 2015:
|(millions, except per share amounts and ratios; unaudited)||February||February||Change|
|Net premiums written||$||1,686.9||$||1,538.7||10 %|
|Net premiums earned||$||1,438.9||$||1,352.9||6 %|
|Net income||$||85.5||$||47.0||82 %|
|Per share||$||0.14||$||0.08||84 %|
|Total pretax net realized gains (losses) on securities|
|(including net impairment losses)||$||30.4||$||5.7||433 %|
|Combined ratio||94.8||97.2||(2.4) pts.|
|Average diluted equivalent shares||591.4||597.6||(1) %|
|Policies in Force:|
|Agency - auto||4,758.2||4,860.2||(2) %|
|Direct - auto||4,635.4||4,299.4||8 %|
|Total personal auto||9,393.6||9,159.6||3 %|
|Total special lines||4,026.4||3,977.5||1 %|
|Total Personal Lines||13,420.0||13,137.1||2 %|
|Total Commercial Lines||517.9||508.0||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 and recreational vehicles, as well as home insurance from select carriers. 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