Progressive Reports September 2023 Results
13 Octubre 2023 - 7:18AM
The Progressive Corporation (NYSE:PGR) today reported the following
results for September 2023 and the third quarter of 2023:
|
|
September |
|
|
Quarter |
|
|
|
(millions, except per share amounts and ratios; unaudited) |
2023 |
|
2022 |
|
Change |
2023 |
|
2022 |
|
Change |
|
Net premiums written |
$4,899.5 |
|
$4,007.3 |
|
22 |
% |
$15,593.8 |
|
$13,017.8 |
|
20 |
% |
| Net
premiums earned |
$4,649.3 |
|
$3,869.5 |
|
20 |
% |
$14,894.3 |
|
$12,398.9 |
|
20 |
% |
| Net
income (loss) |
$369.3 |
|
$(684.4) |
|
(154) |
% |
$1,121.3 |
|
$124.1 |
|
NM |
|
|
Per share available to common shareholders |
$0.62 |
|
$(1.17) |
|
(153) |
% |
$1.89 |
|
$0.20 |
|
NM |
|
| Total
pretax net realized gains (losses) on securities |
$(159.1) |
|
$(351.0) |
|
(55) |
% |
$(149.0) |
|
$(216.4) |
|
(31 |
)% |
| Combined
ratio |
89.7 |
|
116.2 |
|
(26.5) pts. |
92.4 |
|
99.2 |
|
(6.8) pts. |
|
Average equivalent common shares |
587.6 |
|
584.6 |
|
1 |
% |
587.5 |
|
587.1 |
|
0 |
% |
|
NM = Not Meaningful |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
September |
|
(thousands; unaudited) |
2023 |
|
2022 |
|
Change |
| Policies in Force |
|
|
|
|
|
| Personal Lines |
|
|
|
|
|
|
Agency – auto |
8,363.3 |
|
7,600.3 |
|
10 |
% |
|
Direct – auto |
11,154.3 |
|
9,823.8 |
|
14 |
% |
|
Total personal auto |
19,517.6 |
|
17,424.1 |
|
12 |
% |
|
Total special lines |
5,956.2 |
|
5,558.0 |
|
7 |
% |
| Total Personal
Lines |
25,473.8 |
|
22,982.1 |
|
11 |
% |
| Total
Commercial Lines |
1,110.3 |
|
1,039.8 |
|
7 |
% |
| Total
Property business |
3,025.2 |
|
2,835.5 |
|
7 |
% |
| Companywide Total |
29,609.3 |
|
26,857.4 |
|
10 |
% |
|
|
|
|
|
|
|
See Progressive’s complete monthly earnings release for
additional information.
About Progressive
Progressive Insurance® makes it easy to understand, buy and
use car insurance, home insurance, and other protection
needs. Progressive offers choices so consumers
can reach us however it's most convenient for them — online at
progressive.com, by phone at 1-800-PROGRESSIVE, via the
Progressive mobile app, 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 second largest auto insurer in the country, a
leading seller of commercial auto, motorcycle, and boat
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)
395-3707 investor_relations@progressive.com
The Progressive Corporation 6300 Wilson Mills Road Mayfield
Village, Ohio 44143http://www.progressive.com
Download PDF: Progressive September 2023 Complete Earnings
Release
Progressive (NYSE:PGR)
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