MAYFIELD VILLAGE, OHIO - August 13, 2014 -- The Progressive Corporation (PGR) today reported the following results for July 2014:
|(millions, except per share amounts and ratios; unaudited)||July||July||Change|
|Net premiums written||$||1,809.7||$||1,732.2||4 %|
|Net premiums earned||$||1,743.5||$||1,654.1||5 %|
|Net income||$||119.3||$||101.5||18 %|
|Per share||$||.20||$||.17||19 %|
|Total pretax net realized gains (losses) on securities|
|(including net impairment losses)||$||15.4||$||11.5||34 %|
|Combined ratio||91.6||92.7||(1.1) pts.|
|Average diluted equivalent shares||595.0||604.0||(1) %|
|Policies in Force:|
|Agency - auto||4,828.4||4,840.0||0 %|
|Direct - auto||4,419.4||4,141.4||7 %|
|Total personal auto||9,247.8||8,981.4||3 %|
|Total special lines||4,084.0||4,043.4||1 %|
|Total Personal Lines||13,331.8||13,024.8||2 %|
|Total Commercial Lines||516.9||526.0||(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, 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