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
SummaryQuotesChartsNewsRatingsCalendarCompanyFinancialsConsensusRevisions 
SummaryMost relevantAll NewsAnalyst Reco.Other languagesPress ReleasesOfficial PublicationsSector newsMarketScreener Strategies

Progressive Reports October 2021 Results

11/17/2021 | 08:18am EST

MAYFIELD VILLAGE, OHIO, Nov. 17, 2021 (GLOBE NEWSWIRE) -- The Progressive Corporation (NYSE:PGR) today reported the following results for October 2021:

 October
(millions, except per share amounts and ratios; unaudited)

2021 2020Change
   
Net premiums written$4,346.6 $3,795.3 15 %
Net premiums earned$4,397.8 $3,893.8 13 %
Net income$373.8 $238.5 57 %
Per share available to common shareholders$0.63 $0.40 58 %
Total pretax net realized gains (losses) on securities$302.1 $(40.3)NM
Combined ratio97.2  92.6 4.6 pts.
Average equivalent diluted common shares586.4  587.7 %

NM = Not Meaningful

 October
(thousands; unaudited)
2021 2020 Change 
Policies in Force      
Personal Lines      
Agency – auto7,961.1 7,583.4 5 % 
Direct – auto9,628.3 8,840.1 9 % 
Total personal auto17,589.4 16,423.5 7 % 
Total special lines5,288.9 4,911.9 8 % 
Total Personal Lines22,878.3 21,335.4 7 % 
Total Commercial Lines964.3 815.4 18 % 
Total Property business2,750.2 2,443.1 13 % 
Companywide Total26,592.8 24,593.9 8 % 
       

See Progressive’s complete monthly earnings release for additional information.

About Progressive

Progressive InsuranceSM makes it easy to understand, buy and use car insurance, home insurance, and other protection needs. 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 car 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 October 2021 Complete Earnings Release: http://ml.globenewswire.com/Resource/Download/a5826978-644a-4adb-933a-e44ef6be9d87


All news about THE PROGRESSIVE CORPORATION
01/18Raymond James Raises Progressive's Price Target to $120 From $110, Maintains Outperform..
MT
01/14Barclays Adjusts Progressive's Price Target to $83 from $82, Keeps Underweight Rating
MT
01/13Immortals and Progressive Insurance℠ Announce Multi-Year League of Legends Naming..
PR
01/06INSIDER SELL : Progressive
MT
01/06Evercore ISI Upgrades Progressive to Outperform From In-Line, Adjusts Price Target to $..
MT
01/06THE PROGRESSIVE CORPORATION : Ex-dividend day for
FA
2021INSIDER SELL : Progressive
MT
2021INSIDER SELL : Progressive
MT
2021INSIDER SELL : Progressive
MT
2021THE PROGRESSIVE CORPORATION : Ex-dividend day for
FA
More news
Analyst Recommendations on THE PROGRESSIVE CORPORATION
More recommendations
Financials (USD)
Sales 2021 46 425 M - -
Net income 2021 3 111 M - -
Net Debt 2021 - - -
P/E ratio 2021 20,5x
Yield 2021 1,82%
Capitalization 63 062 M 63 062 M -
Capi. / Sales 2021 1,36x
Capi. / Sales 2022 1,23x
Nbr of Employees 43 326
Free-Float -
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
TrendsBullishBullishBullish
Income Statement Evolution
Consensus
Sell
Buy
Mean consensus HOLD
Number of Analysts 17
Last Close Price 108,02 $
Average target price 99,93 $
Spread / Average Target -7,49%
EPS Revisions
Managers and Directors
Susan Patricia Griffith Chief Human Resources Officer
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 CORPORATION4.40%63 062
PICC PROPERTY AND CASUALTY COMPANY LIMITED13.34%20 625
TRYG A/S0.06%16 096
ADMIRAL GROUP PLC0.44%12 522
MERCURY GENERAL CORPORATION-1.34%2 884
PORTO SEGURO S.A.-7.55%2 284