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The Progressive Corporation today reported the following results for
April 2012:
(millions, except per share amounts and ratios; unaudited) April April Change
2012 2011
Net premiums written $ 1,672.0 $ 1,540.4 9%
Net premiums earned $ 1,528.2 $ 1,433.3 7%
Net income $ 61.2 $ 118.0 (48)%
Per share $ .10 $ .18 (45)%
Total pretax net realized gains (losses) on securities (including $ (7.9 ) $ 24.6 NM
net impairment losses)
Combined ratio 95.1 91.4 3.7 pts.
Average diluted equivalent shares 609.6 652.1 (7)%
NM = Not Meaningful
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(thousands; unaudited) April April Change
2012 2011
Policies in Force:
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Agency - auto 4,853.1 4,599.3 6 %
Direct - auto 4,018.2 3,751.7 7 %
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Total personal auto 8,871.3 8,351.0 6 %
Total special lines 3,899.3 3,701.1 5 %
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Total Personal Lines 12,770.6 12,052.1 6 %
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Total Commercial Auto 520.0 508.6 2 %
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See the complete release at http://investors.progressive.com/pdf/mreport-0412.pdf
for further information. If you experience technical difficulties using
this link, please email investor_relations@progressive.com
and a PDF of the release will be sent to you promptly.
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 for them--online at http://www.progressive.com,
by phone at 1-800-PROGRESSIVE, or in-person with a local agent.
Progressive offers insurance for personal and commercial autos and
trucks, motorcycles, boats, recreational vehicles, and homes. We’re 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(R), the Snapshot Discount(R), and a
concierge level of claims service.
The Common Shares of The Progressive Corporation, the Mayfield Village,
Ohio-based holding company, trade publicly at (PGR).
SOURCE: The Progressive Corporation
The Progressive Corporation
Matt Downing, 440-395-4222
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