Progressive Reports June 2023 Results

FREE Breaking News Alerts from StreetInsider.com!

StreetInsider.com Top Tickers, 6/13/2026

1. ADBE
2. SPCX
3. USO
4. SPY
5. RH

6. NVDA
7. RKLB
8. CRM
9. MSFT
10. CRWV

Get Alerts PGR Hot Sheet

Price: $203.11 +0.42%

Overall Analyst Rating:
SELL (= Flat)

Dividend Yield: 0.2%
EPS Growth %: -29.4%

Join SI Premium – FREE

MAYFIELD VILLAGE, OHIO, July 13, 2023 (GLOBE NEWSWIRE) -- The Progressive Corporation (NYSE: PGR) today reported the following results for June 2023 and the second quarter of 2023:

	June										Quarter
(millions, except per share amounts and ratios; unaudited)		2023		2022		Change				2023		2022		Change
Net premiums written	$	4,320.1	$	3,877.1		11		%	$	14,716.9	$	12,422.1		18		%
Net premiums earned	$	4,515.2	$	3,770.2		20		%	$	14,464.4	$	12,147.9		19		%
Net income (loss)	$	40.9	$	(436.7	)	(109	)	%	$	345.4	$	(542.9	)	(164	)	%
Per share available to common shareholders	$	0.06	$	(0.75	)	(109	)	%	$	0.57	$	(0.94	)	(161	)	%
Total pretax net realized gains (losses) on securities	$	143.8	$	(564.2	)	(125	)	%	$	126.9	$	(1,177.7	)	(111	)	%
Combined ratio		104.9		94.7		10.2 pts.				100.4		95.6		4.8 pts.
Average equivalent common shares		587.1		584.3		0		%		587.0		584.3		0		%

	June
(thousands; unaudited)	2023	2022	Change
Policies in Force
Personal Lines
Agency – auto	8,437.8	7,619.5	11	%
Direct – auto	11,220.5	9,557.0	17	%
Total personal auto	19,658.3	17,176.5	14	%
Total special lines	5,843.1	5,485.0	7	%
Total Personal Lines	25,501.4	22,661.5	13	%
Total Commercial Lines	1,101.1	1,024.6	7	%
Total Property business	2,974.3	2,823.0	5	%
Companywide Total	29,576.8	26,509.1	12	%

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

About Progressive

Progressive Insurance® makes it easy to understand, buy and use car insurance, home insurance, and other protection needs. Progressive offers choices so consumers can reach us however it's most convenient for them — online at progressive.com, by phone at 1-800-PROGRESSIVE, via the Progressive mobile app, or in-person with a local agent.

Progressive provides insurance for personal and commercial autos and trucks, motorcycles, boats, recreational vehicles, and homes; it is the second largest auto insurer in the country, a leading seller of commercial auto, motorcycle, and boat insurance, and one of the top 15 homeowners insurance carriers.

Founded in 1937, Progressive continues its long history of offering shopping tools and services that save customers time and money, like Name Your Price®, Snapshot®, and HomeQuote Explorer®.

The Common Shares of The Progressive Corporation, the Mayfield Village, Ohio-based holding company, trade publicly at NYSE: PGR.

Company Contact: Douglas S. Constantine(440) 395-3707[email protected] The Progressive Corporation 6300 Wilson Mills Road Mayfield Village, Ohio 44143http://www.progressive.com

Progressive June 2023 Complete Earnings Release: Download PDF