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MAYFIELD VILLAGE, OHIO, Nov. 16, 2022 (GLOBE NEWSWIRE) — The Progressive Corporation (NYSE:PGR) as we speak reported the next outcomes for October 2022:
| October | |||||||||
| (hundreds of thousands, besides per share quantities and ratios; unaudited) | 2022 | 2021 | Change | ||||||
| Net premiums written | $ | 5,187.1 | $ | 4,346.6 | 19 | % | |||
| Net premiums earned | $ | 4,872.7 | $ | 4,397.8 | 11 | % | |||
| Net revenue | $ | 375.6 | $ | 373.8 | 0 | % | |||
| Per share accessible to widespread shareholders | $ | 0.64 | $ | 0.63 | 0 | % | |||
| Total pretax internet realized features (losses) on securities | $ | 178.6 | $ | 302.1 | (41 | ) | % | ||
| Combined ratio | 95.9 | 97.2 | (1.3 | ) | pts. | ||||
| Average diluted equal widespread shares | 587.1 | 586.4 | 0 | % | |||||
| October | |||||||
| (hundreds; unaudited) | 2022 | 2021 | Change | ||||
| Policies in Force | |||||||
| Personal Lines | |||||||
| Agency – auto | 7,677.9 | 7,961.1 | (4 | ) | % | ||
| Direct – auto | 10,002.5 | 9,628.3 | 4 | % | |||
| Total private auto | 17,680.4 | 17,589.4 | 1 | % | |||
| Total particular strains | 5,564.1 | 5,288.9 | 5 | % | |||
| Total Personal Lines | 23,244.5 | 22,878.3 | 2 | % | |||
| Total Commercial Lines | 1,047.8 | 964.3 | 9 | % | |||
| Total Property business | 2,838.6 | 2,750.2 | 3 | % | |||
| Companywide Total | 27,130.9 | 26,592.8 | 2 | % | |||
See Progressive’s full month-to-month earnings launch, together with the “Monthly Commentary,” for extra info.
About Progressive
Progressive Insurance® makes it straightforward to grasp, purchase and use automobile insurance, dwelling insurance, and different safety wants. Progressive provides selections so customers can attain us nevertheless it is most handy for them — on-line at progressive.com, by telephone at 1-800-PROGRESSIVE, through the Progressive cell app, or in-person with a neighborhood agent.
Progressive supplies insurance for private and business autos and vehicles, bikes, boats, leisure autos, and houses; it is the third largest auto insurer within the nation, a number one vendor of motorbike and business auto insurance, and one of many high 15 owners insurance carriers.
Founded in 1937, Progressive continues its lengthy historical past of providing buying instruments and companies that save prospects money and time, like Name Your Price®, Snapshot®, and HomeQuote Explorer®.
The Common Shares of The Progressive Corporation, the Mayfield Village, Ohio-based holding firm, commerce publicly at NYSE: PGR.
Company Contact:
Douglas S. Constantine
(440) 395-3707
[email protected]
The Progressive Corporation
6300 Wilson Mills Road
Mayfield Village, Ohio 44143
http://www.progressive.com
Progressive October 2022 Complete Earnings Release: Download PDF
