Press release from Business Wire
Progressive Reports July Results
Wednesday, August 17, 2011
MAYFIELD VILLAGE, Ohio (Business Wire) -- The Progressive Corporation today reported the following results for July 2011:
|(millions, except per share amounts and ratios; unaudited)||July||July||Change|
|Net premiums written||$||1,496.1||$||1,421.1||5||%|
|Net premiums earned||$||1,437.8||$||1,375.6||5||%|
Total pretax net realized gains (losses) on securities (including net impairment losses)
|Combined ratio||95.4||91.9||3.5 pts.|
|Average diluted equivalent shares||638.5||662.5||(4||)%|
|NM = Not Meaningful|
|(in thousands; unaudited)||July||July||Change|
Policies in Force:
|Agency – Auto||4,607.7||4,467.3||3||%|
|Direct – Auto||3,784.8||3,526.1||7||%|
|Total Personal Auto||8,392.5||7,993.4||5||%|
|Total Special Lines||3,831.9||3,650.8||5||%|
|Total Personal Lines||12,224.4||11,644.2||5||%|
|Total Commercial Auto||513.0||519.6||(1||)%|
See the complete release at http://investors.progressive.com/pdf/mreport-0711.pdf for further information. If you experience technical difficulties using this link, please email firstname.lastname@example.org and a PDF of the release will be sent to you promptly.
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 for them—online at http://www.progressive.com, by phone at 1-800-PROGRESSIVE, or in-person with a local agent.
Progressive offers insurance for personal and commercial autos and trucks, motorcycles, boats, recreational vehicles, and homes. We're the fourth largest auto insurer in the country, the largest seller of motorcycle insurance, and a leader in commercial auto insurance. Progressive also offers car insurance online in Australia at http://www.progressiveonline.com.au.
Founded in 1937, Progressive continues its long history of offering shopping tools and services that save customers time and money, like Name Your Price®, the Snapshot Discount®, and a concierge level of claims service.
The Common Shares of The Progressive Corporation, the Mayfield Village, Ohio-based holding company, trade publicly at (NYSE:PGR).
Clark Khayat, 440-395-2291