Progressive Reports July 2019 Results

/EIN News/ -- MAYFIELD VILLAGE, OHIO, Aug. 14, 2019 (GLOBE NEWSWIRE) -- The Progressive Corporation (NYSE:PGR) today reported the following results for July 2019 :  

	July				July
(millions, except per share amounts and ratios; unaudited)	2019				2018				Change
Net premiums written	$	3,675.6			$	3,285.8			12	%
Net premiums earned	$	3,426.9			$	3,001.2			14	%
Net income attributable to Progressive	$	384.9			$	403.7			(5	) %
Per share available to common shareholders	$	0.65			$	0.68			(5	) %
Total pretax net realized gains (losses) on securities	$	49.0			$	107.0			(54	) %
Combined ratio		90.3				88.8			1.5	pts.
Average diluted equivalent common shares		587.4				586.6			0	%

(thousands; unaudited)	July		July
	2019		2018		Change
Policies in Force
Personal Lines
Agency – auto	6,832.8		6,160.4		11%
Direct – auto	7,599.2		6,745.1		13%
Total personal auto	14,432.0		12,905.5		12%
Total special lines	4,545.2		4,410.8		3%
Total Personal Lines	18,977.2		17,316.3		10%
Total Commercial Lines	740.5		684.2		8%
Property business	2,095.5		1,803.8		16%
Companywide Total	21,813.2		19,804.3		10%

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 us whenever, wherever and however it's most convenient - online at progressive.com, by phone at 1-800-PROGRESSIVE, on a mobile device or in-person with a local agent.

Progressive provides insurance for personal and commercial autos and trucks, motorcycles, boats, recreational vehicles, and homes. Home insurance is underwritten by select carriers, including our majority owned subsidiaries, American Strategic Insurance Corp. and its affiliates (ASI).

Progressive is the third largest auto insurer in the country; a leading seller of motorcycle and commercial auto insurance; and through ASI, one of the top 15 homeowners insurance carriers.

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 HomeQuote Explorer^®.

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

Progressive July 2019 Complete Earnings Release: http://ml.globenewswire.com/Resource/Download/1b613aa1-f9af-4e5d-b117-2857c421d3bd