Log in
E-mail
Password
Show password
Remember
Forgot password ?
Become a member for free
Sign up
Sign up
New member
Sign up for FREE
New customer
Discover our services
Settings
Settings
Dynamic quotes 
OFFON

THE PROGRESSIVE CORPORATION

(PGR)
  Report
Delayed Quote. Delayed Nyse - 09/17 04:10:00 pm
92.61 USD   -0.41%
09/17Financial Stocks Weaker in Late Trade
MT
09/17GLOBAL MARKETS LIVE : Ryanair, Ford, Apple, Alphabet, Gap...
09/17Financial Stocks Edge Higher Pre-Bell Friday
MT
SummaryQuotesChartsNewsRatingsCalendarCompanyFinancialsConsensusRevisions 
SummaryMost relevantAll NewsAnalyst Reco.Other languagesPress ReleasesOfficial PublicationsSector newsMarketScreener Strategies

Progressive Reports June 2021 Results

07/15/2021 | 08:11am EDT

MAYFIELD VILLAGE, OHIO, July 15, 2021 (GLOBE NEWSWIRE) -- The Progressive Corporation (NYSE:PGR) today reported the following results for June 2021 and the second quarter of 2021: 

 June  Quarter  
(millions, except per share amounts and ratios; unaudited)
2021 2020 Change2021 2020 Change
          
Net premiums written$ 3,627.3 $ 3,201.6 13 %$ 11,480.3 $ 10,140.0 13 %
Net premiums earned$ 3,459.9 $ 3,023.1 14 %$ 10,982.3 $ 9,648.6 14 %
Net income$ 132.8 $ 470.9 (72) %$ 790.1 $ 1,790.4 (56) %
Per share available to common shareholders$ 0.22 $ 0.80 (72) %$ 1.34 $ 3.04 (56) %
Total pretax net realized gains (losses) on securities$ 124.2 $ 142.9 (13) %$ 461.8 $ 890.8 (48) %
Combined ratio100.5 86.9 13.6 pts.96.5 87.7 8.8 pts.
Average diluted equivalent common shares586.8 587.3 0 %586.8 587.2 0 %

On June 1, 2021, we acquired Protective Insurance Corporation and subsidiaries (“Protective”). Therefore, our June 2021 companywide results include, for the first time, the results of Protective, which are predominately included in the Commercial Lines business results throughout the release. Periods prior to June 1, 2021, do not include Protective's results.

 June
(thousands; unaudited)

2021 2020 Change
Policies in Force     
Personal Lines     
Agency – auto8,014.2 7,362.5 9 %
Direct – auto9,581.3 8,507.6 13 %
Total personal auto17,595.5 15,870.1 11 %
Total special lines5,211.7 4,790.5 9 %
Total Personal Lines22,807.2 20,660.6 10 %
Total Commercial Lines916.6 775.8 18 %
Property business2,655.5 2,336.1 14 %
Companywide Total26,379.3 23,772.5 11 %
      

See Progressive’s complete monthly earnings release, including the "Monthly Commentary," for additional information.

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; it is the third largest auto insurer in the country, a leading seller of motorcycle and commercial auto insurance, and 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:
Douglas S. Constantine
(440) 910-3563
investor_relations@progressive.com

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

Progressive June 2021 Complete Earnings Release: http://ml.globenewswire.com/Resource/Download/9fdec47d-bd7e-4cc4-b130-2178f47ad4bb


Primary Logo


© GlobeNewswire 2021
All news about THE PROGRESSIVE CORPORATION
09/17Financial Stocks Weaker in Late Trade
MT
09/17GLOBAL MARKETS LIVE : Ryanair, Ford, Apple, Alphabet, Gap...
09/17Financial Stocks Edge Higher Pre-Bell Friday
MT
09/17PROGRESSIVE : News release dated September 17, 2021, containing financial result..
PU
09/17PROGRESSIVE CORP/OH/ : Regulation FD Disclosure, Financial Statements and Exhibi..
AQ
09/17PROGRESSIVE : Reports Loss in August; Net Premiums Written Increase
MT
09/17Progressive Reports August 2021 Results
GL
09/17Progressive Posts August Loss Amid Hurricane Claims
DJ
09/17NORTH AMERICAN MORNING BRIEFING : Stock Futures -2-
DJ
08/30Ida's insurance impact likely to be boosted by pandemic pricing
RE
More news
Analyst Recommendations on THE PROGRESSIVE CORPORATION
More recommendations
Financials (USD)
Sales 2021 46 049 M - -
Net income 2021 3 380 M - -
Net Debt 2021 - - -
P/E ratio 2021 16,1x
Yield 2021 4,32%
Capitalization 54 192 M 54 192 M -
Capi. / Sales 2021 1,18x
Capi. / Sales 2022 1,07x
Nbr of Employees 43 326
Free-Float 73,1%
Chart THE PROGRESSIVE CORPORATION
Duration : Period :
The Progressive Corporation Technical Analysis Chart | PGR | US7433151039 | MarketScreener
Technical analysis trends THE PROGRESSIVE CORPORATION
Short TermMid-TermLong Term
TrendsBearishNeutralNeutral
Income Statement Evolution
Consensus
Sell
Buy
Mean consensus HOLD
Number of Analysts 15
Last Close Price 92,61 $
Average target price 95,69 $
Spread / Average Target 3,33%
EPS Revisions
Managers and Directors
Susan Patricia Griffith President, Chief Executive Officer & Director
John P. Sauerland Chief Financial Officer & Vice President
Lawton Wehle Fitt Chairman
Steven A. Broz Chief Information Officer
Jonathan Bauer Chief Investment Officer
Sector and Competitors
1st jan.Capi. (M$)
THE PROGRESSIVE CORPORATION-6.34%54 192
PICC PROPERTY AND CASUALTY COMPANY LIMITED21.29%20 352
TRYG A/S2.34%15 794
ADMIRAL GROUP PLC21.27%14 116
MERCURY GENERAL CORPORATION9.83%3 161
PORTO SEGURO S.A.6.51%3 145