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Press release from Business Wire

Progressive Reports April Results

Wednesday, May 16, 2012

Progressive Reports April Results08:25 EDT Wednesday, May 16, 2012 MAYFIELD VILLAGE, OHIO (Business Wire) -- The Progressive Corporation today reported the following results for April 2012:                           (millions, except per share amounts and ratios; unaudited)     April     April     Change 2012 2011   Net premiums written $ 1,672.0 $ 1,540.4 9% Net premiums earned $ 1,528.2 $ 1,433.3 7% Net income $ 61.2 $ 118.0 (48)% Per share $ .10 $ .18 (45)% Total pretax net realized gains (losses) on securities (including net impairment losses) $ (7.9 ) $ 24.6 NM Combined ratio 95.1 91.4 3.7 pts. Average diluted equivalent shares 609.6 652.1 (7)% NM = Not Meaningful                                               (thousands; unaudited)     April     April     Change     2012 2011 Policies in Force: Agency – auto 4,853.1 4,599.3 6 % Direct – auto 4,018.2 3,751.7 7 % Total personal auto 8,871.3 8,351.0 6 % Total special lines 3,899.3 3,701.1 5 % Total Personal Lines 12,770.6 12,052.1 6 % Total Commercial Auto 520.0 508.6 2 %                           See the complete release at for further information. If you experience technical difficulties using this link, please email and a PDF of the release will be sent to you promptly. 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 for them—online at, 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 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). The Progressive CorporationMatt Downing, 440-395-4222