Progressive Reports April 2020 Results

MAYFIELD VILLAGE, OHIO, May 20, 2020 (GLOBE NEWSWIRE) -- The Progressive Corporation (NYSE:PGR) today reported the following results for April 2020:  

(millions, except per share amounts and ratios; unaudited)2020 2019 Change
Net premiums written$3,764.2 $3,669.8 3%
Net premiums earned$3,634.3 $3,348.3 9%
Net income attributable to Progressive$952.6 $487.8 95%
  Per share available to common shareholders$1.62 $0.83 96%
Total pretax net realized gains (losses) on securities$537.3 $131.6 308%
Combined ratio83.4 87.4 (4.0) pts.
Average diluted equivalent common shares587.2 586.7 0%

(thousands; unaudited)
 2020  2019 Change
Policies in Force       
Personal Lines       
Agency – auto 7,237.1  6,687.2 8%
Direct – auto 8,269.2  7,427.8 11%
Total personal auto 15,506.3  14,115.0 10%
Total special lines 4,618.1  4,444.2 4%
Total Personal Lines 20,124.4  18,559.2 8%
Total Commercial Lines 764.6  721.7 6%
Property business 2,282.7  2,024.8 13%
Companywide Total 23,171.7  21,305.7 9%

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

About Progressive

The Progressive Group of Insurance Companies makes it easy to understand, buy and use auto insurance. Progressive offers choices so consumers can reach us whenever, wherever and however it's most convenient - online at, by phone at 1-800-PROGRESSIVE, on a mobile device 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 third largest auto insurer in the country, a leading seller of motorcycle and commercial auto 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: 
Julia Hornack 
(440) 395-2164
The Progressive Corporation 
6300 Wilson Mills Road 
Mayfield Village, Ohio  44143

Progressive April 2020 Complete Earnings Release:


April 2020