Progressive Corp. (PGR) Reports August 2021 Results

September 17, 2021 8:07 AM EDT
Get Alerts PGR Hot Sheet
Price: $95.06 +0.81%

EPS Growth %: -92.7%

Financial Fact:
Net income: 198.7M

Today's EPS Names:
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The Progressive Corporation (NYSE: PGR) today reported the following results for August 2021:

August
(millions, except per share amounts and ratios; unaudited)
2021 2020 Change
Net premiums written$3,890.9 $3,437.7 13 %
Net premiums earned$3,513.8 $3,088.9 14 %
Net income (loss)$(6.6) $487.4 (101)%
Per share available to common shareholders$(0.02) $0.83 (102)%
Total pretax net realized gains (losses) on securities$131.5 $330.9 (60)%
Combined ratio 105.3 92.6 12.7 pts.
Average equivalent common shares 584.8 587.7 0 %

August
(thousands; unaudited)2021 2020 Change
Policies in Force
Personal Lines
Agency – auto8,013.3 7,487.0 7 %
Direct – auto9,638.0 8,714.3 11 %
Total personal auto17,651.3 16,201.3 9 %
Total special lines5,272.5 4,891.1 8 %
Total Personal Lines22,923.8 21,092.4 9 %
Total Commercial Lines942.1 795.4 18 %
Total Property business2,715.6 2,395.4 13 %
Companywide Total26,581.5 24,283.2 9 %

See Progressive’s complete monthly earnings release, including the "Monthly Commentary," for additional information.



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