MAYFIELD VILLAGE, OHIO - June 11, 2014 -- The Progressive Corporation (PGR) today reported the following results for May 2014:
|(millions, except per share amounts and ratios; unaudited)||May||May||Change|
|Net premiums written||$||1,372.0||$||1,281.6||7 %|
|Net premiums earned||$||1,387.6||$||1,315.9||5 %|
|Net income||$||89.1||$||116.7||(24) %|
|Per share||$||.15||$||.19||(23) %|
|Total pretax net realized gains (losses) on securities|
|(including net impairment losses)||$||7.7||$||63.2||(88) %|
|Combined ratio||92.7||93.2||(.5) pts.|
|Average diluted equivalent shares||595.3||603.5||(1) %|
|Policies in Force:|
|Agency - auto||4,882.5||4,849.0||1 %|
|Direct - auto||4,404.8||4,123.0||7 %|
|Total personal auto||9,287.3||8,972.0||4 %|
|Total special lines||4,041.1||3,998.9||1 %|
|Total Personal Lines||13,328.4||12,970.9||3 %|
|Total Commercial Lines||514.6||525.4||(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