Progressive Reports October Results

Before you go, we thought you'd like these...
Before you go close icon

Progressive Reports October Results

MAYFIELD VILLAGE, Ohio--(BUSINESS WIRE)-- The Progressive Corporation today reported the following results for October 2012:

    
(millions, except per share amounts and ratios; unaudited)OctoberOctoberChange
20122011
 
Net premiums written$1,571.9$1,454.78%
Net premiums earned$1,575.2$1,448.59%
Net income$76.3$55.737%
Per share$.13$.0939%
Total pretax net realized gains (losses) on securities
(including net impairment losses)$24.3$10.5131%
Combined ratio96.596.7(.2)pts.
Average diluted equivalent shares605.3614.8(2)%
 
 
 
(thousands; unaudited)OctoberOctoberChange
  20122011

Policies in Force:

Agency - auto4,830.94,647.74%
Direct - auto4,014.03,837.45%
Total personal auto8,844.98,485.14%
Total special lines3,973.63,821.84%
Total Personal Lines12,818.512,306.94%
Total Commercial Auto524.3512.92%
 

See the complete release at http://investors.progressive.com/phoenix.zhtml?c=81824&p=irol-finRel for further information.


About Progressive

Celebrating its 75th anniversary in 2012, The Progressive Group of Insurance Companies makes it easy to understand, buy, and use auto insurance. Progressive offers choices so consumers can reach it whenever, wherever, and however it's most convenient—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. It's 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 (NYS: PGR) .



The Progressive Corporation
Matt Downing, 440-395-4222
http://www.progressive.com

KEYWORDS:   United States  North America  Ohio

INDUSTRY KEYWORDS:

The article Progressive Reports October Results originally appeared on Fool.com.

Try any of our Foolish newsletter services free for 30 days. We Fools may not all hold the same opinions, but we all believe that considering a diverse range of insights makes us better investors. The Motley Fool has a disclosure policy.

Copyright © 1995 - 2012 The Motley Fool, LLC. All rights reserved. The Motley Fool has a disclosure policy.

Read Full Story

Want more news like this?

Sign up for Finance Report by AOL and get everything from business news to personal finance tips delivered directly to your inbox daily!

Subscribe to our other newsletters

Emails may offer personalized content or ads. Learn more. You may unsubscribe any time.

From Our Partners