Log in
E-mail
Password
Remember
Forgot password ?
Become a member for free
Sign up
Sign up
New member
Sign up for FREE
New customer
Discover our services
Settings
Settings
Dynamic quotes 
OFFON

MarketScreener Homepage  >  Equities  >  Nyse  >  Progressive Corporation    PGR

PROGRESSIVE CORPORATION

(PGR)
  Report
SummaryQuotesChartsNewsRatingsCalendarCompanyFinancialsConsensusRevisions 
SummaryMost relevantAll NewsPress ReleasesOfficial PublicationsSector news

Progressive Reports August 2020 Results

share with twitter share with LinkedIn share with facebook
09/17/2020 | 09:26am EDT

MAYFIELD VILLAGE, OHIO, Sept. 17, 2020 (GLOBE NEWSWIRE) -- The Progressive Corporation (NYSE:PGR) today reported the following results for August 2020: 

   August  
 2020 2019 Change
(millions, except per share amounts and ratios; unaudited)     
Net premiums written$3,437.7  $2,921.3  18%
Net premiums earned$3,088.9  $2,784.4  11%
Net income attributable to Progressive$487.4  $175.9  177%
Per share available to common shareholders$0.83  $0.30  179%
Total pretax net realized gains (losses) on securities$330.9  $(33.7) NM 
Combined ratio 92.6   93.4  (0.8) pts
Average diluted equivalent common shares 587.7   587.0  0%
NM=Not meaningful

 

   August  
(thousands; unaudited)2020 2019 Change
Policies in Force     
Personal Lines     
Agency – auto7,487.0 6,862.4 9%
Direct – auto8,714.3 7,641.9 14%
Total personal auto16,201.3 14,504.3 12%
Total special lines4,891.1 4,562.6 7%
Total Personal Lines21,092.4 19,066.9 11%
Total Commercial Lines795.4 744.6 7%
Property business2,395.4 2,124.4 13%
Companywide Total24,283.2 21,935.9 11%
      

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 progressive.com, 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:
Douglas S. Constantine
(440) 910-3563
investor_relations@progressive.com 
 
The Progressive Corporation
6300 Wilson Mills Road
Mayfield Village, Ohio  44143
http://www.progressive.com 

 

Progressive August 2020 Complete Earnings Release: http://ml.globenewswire.com/Resource/Download/7e7790cb-6b95-4566-ab7d-a55053db50a0

Primary Logo

© GlobeNewswire 2020

share with twitter share with LinkedIn share with facebook
All news about PROGRESSIVE CORPORATION
10/15PROGRESSIVE CORPORATION : quaterly earnings release
10/14PROGRESSIVE : Profit, Net Premiums Written Increase
DJ
10/14PROGRESSIVE CORP/OH/ : Results of Operations and Financial Condition, Financial ..
AQ
10/14PROGRESSIVE : Reports September 2020 Results
AQ
10/14Progressive Reports September 2020 Results
GL
10/06PROGRESSIVE CORPORATION : Ex-dividend day for
FA
10/02PROGRESSIVE : Coronavirus Upended Advertising. Madison Avenue -2-
DJ
10/02PROGRESSIVE : Coronavirus Upended Advertising. Madison Avenue Wasn't Ready.
DJ
09/17PROGRESSIVE CORP/OH/ : Regulation FD Disclosure, Financial Statements and Exhibi..
AQ
09/17PROGRESSIVE : Reports August 2020 Results
AQ
More news
Financials (USD)
Sales 2020 41 481 M - -
Net income 2020 4 923 M - -
Net Debt 2020 - - -
P/E ratio 2020 11,2x
Yield 2020 2,86%
Capitalization 54 929 M 54 929 M -
Capi. / Sales 2020 1,32x
Capi. / Sales 2021 1,19x
Nbr of Employees 41 571
Free-Float 73,1%
Chart PROGRESSIVE CORPORATION
Duration : Period :
Progressive Corporation Technical Analysis Chart | MarketScreener
Full-screen chart
Technical analysis trends PROGRESSIVE CORPORATION
Short TermMid-TermLong Term
TrendsNeutralBullishBullish
Income Statement Evolution
Consensus
Sell
Buy
Mean consensus OUTPERFORM
Number of Analysts 18
Average target price 98,69 $
Last Close Price 93,80 $
Spread / Highest target 27,9%
Spread / Average Target 5,21%
Spread / Lowest Target -25,4%
EPS Revisions
Managers
NameTitle
Susan Patricia Griffith President, Chief Executive Officer & Director
Lawton Wehle Fitt Chairman
John P. Sauerland Chief Financial Officer & Vice President
Steven A. Broz Chief Information Officer
Charles Arthur Davis Independent Director
Sector and Competitors
1st jan.Capitalization (M$)
PROGRESSIVE CORPORATION29.58%54 929
PICC PROPERTY AND CASUALTY COMPANY LIMITED-40.36%16 589
ADMIRAL GROUP PLC19.40%10 334
TRYG A/S-6.89%8 815
PORTO SEGURO S.A.-17.63%2 995
HASTINGS GROUP HOLDINGS PLC39.17%2 139