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Progressive Reports February 2015 Results

 

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
    2015   2014  
                 
  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) %
                 
                 


  (thousands; unaudited) February   February    
        2015 2014 Change
  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 %
                 

About Progressive
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.

Company Contact:
Julia Hornack
(440) 395-2164

The Progressive Corporation
6300 Wilson Mills Road
Mayfield Village, Ohio  44143
http://www.progressive.com

To view the complete release, click the attachment below.

Progressive February 2015 Complete Earnings Release


This announcement is distributed by NASDAQ OMX Corporate Solutions on behalf of NASDAQ OMX Corporate Solutions clients.

The issuer of this announcement warrants that they are solely responsible for the content, accuracy and originality of the information contained therein.
Source: The Progressive Corporation via GlobeNewswire

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