Progressive Corp. (PGR) Net Premiums Earned up 6% in Jan.; Profit Slips Lower
Get Alerts PGR Hot Sheet
Price: $209.12 +0.37%
EPS Growth %: +314.7%
Financial Fact:
Average shares outstanding: 581.5M
Today's EPS Names:
CPSS, HARL, MCET, More
EPS Growth %: +314.7%
Financial Fact:
Average shares outstanding: 581.5M
Today's EPS Names:
CPSS, HARL, MCET, More
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Progressive Corp. (NYSE: PGR) reported the following results for January 2015:
(millions, except per share amounts and ratios; unaudited) | January | January | Change | |||||
2015 | 2014 | |||||||
Net premiums written | $ | 1,773.6 | $ | 1,578.4 | 12 % | |||
Net premiums earned | $ | 1,770.0 | $ | 1,674.5 | 6 % | |||
Net income | $ | 89.4 | $ | 155.8 | (43) % | |||
Per share | $ | 0.15 | $ | 0.26 | (42) % | |||
Total pretax net realized gains (losses) on securities | ||||||||
(including net impairment losses) | $ | (7.2) | $ | 75.1 | (110) % | |||
Combined ratio | 93.1 | 91.7 | 1.4 pts. | |||||
Average diluted equivalent shares | 591.4 | 598.7 | (1) % | |||||
(thousands; unaudited) | January | January | ||||||
2015 | 2014 | Change | ||||||
Policies in Force: | ||||||||
Agency - auto | 4,726.9 | 4,838.4 | (2) % | |||||
Direct - auto | 4,551.4 | 4,253.3 | 7 % | |||||
Total personal auto | 9,278.3 | 9,091.7 | 2 % | |||||
Total special lines | 4,027.1 | 3,977.8 | 1 % | |||||
Total Personal Lines | 13,305.4 | 13,069.5 | 2 % | |||||
Total Commercial Lines | 515.8 | 510.1 | 1 % | |||||
Progressive is scheduled to hold a one-hour conference call to address questions on Wednesday, March 4, 2015, at 9:00 a.m., eastern time, subsequent to the posting of our 2014 Shareholders' Report online and the filing of our 2014 Annual Report on Form 10-K with the SEC. Registration for the teleconference and webcast is available at
http://investors.progressive.com/phoenix.zhtml?c=81824&p=irol-calendar.
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