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THE PROGRESSIVE CORPORATION

(PGR)
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Progressive : Reports August 2020 Results

09/17/2020 | 08:26am EDT

MAYFIELD VILLAGE, OHIO, Sept. 17, 2020 (GLOBE NEWSWIRE) -- The Progressive Corporation (NYSE:PGR) today reported the following results for August 2020

   August  
 2020 2019 Change
(millions, except per share amounts and ratios; unaudited)     
Net premiums written$3,437.7  $2,921.3  18%
Net premiums earned$3,088.9  $2,784.4  11%
Net income attributable to Progressive$487.4  $175.9  177%
Per share available to common shareholders$0.83  $0.30  179%
Total pretax net realized gains (losses) on securities$330.9  $(33.7) NM 
Combined ratio 92.6   93.4  (0.8) pts
Average diluted equivalent common shares 587.7   587.0  0%
NM=Not meaningful

 

   August  
(thousands; unaudited)2020 2019 Change
Policies in Force     
Personal Lines     
Agency – auto7,487.0 6,862.4 9%
Direct – auto8,714.3 7,641.9 14%
Total personal auto16,201.3 14,504.3 12%
Total special lines4,891.1 4,562.6 7%
Total Personal Lines21,092.4 19,066.9 11%
Total Commercial Lines795.4 744.6 7%
Property business2,395.4 2,124.4 13%
Companywide Total24,283.2 21,935.9 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 August 2020 Complete Earnings Release: http://ml.globenewswire.com/Resource/Download/7e7790cb-6b95-4566-ab7d-a55053db50a0


Progressive Logo.jpg

Source: Progressive Corporation

2020 GlobeNewswire, Inc., source Press Releases

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Financials (USD)
Sales 2021 46 129 M - -
Net income 2021 3 923 M - -
Net Debt 2021 - - -
P/E ratio 2021 14,1x
Yield 2021 4,74%
Capitalization 55 574 M 55 574 M -
Capi. / Sales 2021 1,20x
Capi. / Sales 2022 1,09x
Nbr of Employees 43 326
Free-Float 73,1%
Chart THE PROGRESSIVE CORPORATION
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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 17
Last Close Price 94,95 $
Average target price 100,29 $
Spread / Average Target 5,62%
EPS Revisions
Managers and Directors
NameTitle
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
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