Progressive Corp. (PGR) Reports May 2021 Results

June 16, 2021 8:16 AM EDT

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The Progressive Corporation (NYSE: PGR) today reported the following results for May 2021:

May
(millions, except per share amounts and ratios; unaudited)2021 2020 Change
Net premiums written$3,402.4 $3,174.2 7 %
Net premiums earned$3,388.8 $2,991.2 13 %
Net income$341.1 $366.9 (7)%
Per share available to common shareholders$0.58 $0.62 (7)%
Total pretax net realized gains (losses) on securities$146.3 $210.6 (31)%
Combined ratio93.1 93.7 (0.6) pts.
Average diluted equivalent common shares586.9 587.2 0 %

May
(thousands; unaudited)2021 2020 Change
Policies in Force
Personal Lines
Agency – auto7,986.3 7,336.7 9%
Direct – auto9,537.1 8,434.4 13%
Total personal auto17,523.4 15,771.1 11%
Total special lines5,163.7 4,715.7 10%
Total Personal Lines22,687.1 20,486.8 11%
Total Commercial Lines893.4 776.6 15%
Property business2,626.1 2,305.9 14%
Companywide Total26,206.6 23,569.3 11%

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



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