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Progressive Reports November Results


Progressive (select to view enlarged photo)

MAYFIELD VILLAGE, Ohio--December 12, 2012: --The Progressive Corporation today reported the following results for November 2012:

(millions, except per share amounts and ratios; unaudited) November November Change
2012 2011
Net premiums written $ 1,129.9 $ 1,071.9 5 %
Net premiums earned $ 1,264.3 $ 1,163.7 9 %
Net income $ 77.7 $ 124.7 (38)%
Per share $ .13 $ .20 (37)%

Total pretax net realized gains (losses) on securities (including net impairment losses)

$ 10.2 $ 42.1 (76)%
Combined ratio 93.6 90.1 3.5 pts.
Average diluted equivalent shares 605.4 612.7 (1)%
(thousands; unaudited) November November
2012 2011 Change

Policies in Force:

Agency -- auto 4,807.6 4,653.5 3 %
Direct -- auto 4,001.3 3,851.4 4 %
Total personal auto 8,808.9 8,504.9 4 %
Total special lines 3,956.1 3,805.2 4 %
Total Personal Lines 12,765.0 12,310.1 4 %
Total Commercial Auto 522.0 511.4 2 %