Progressive Reports April Results
MAYFIELD VILLAGE, Ohio--The Progressive Corporation today reported the following results for April 2009:
(millions, except per share amounts and ratios) |
April
2009 |
April
2008 |
Change | |||||||||
Net premiums written | $1,414.5 | $1,414.9 | 0% | |||||||||
Net premiums earned | $1,322.2 | $1,311.5 | 1% | |||||||||
Net income | $116.2 | $108.9 | 7% | |||||||||
Per share | $.17 | $.16 | 7% | |||||||||
Pretax net realized gains (losses) on securities | $2.6 | $16.6 | (84)% | |||||||||
Combined ratio | 89.2 | 91.7 | (2.5) pts. | |||||||||
Average diluted equivalent shares | 674.1 | 673.9 | 0% | |||||||||
(in thousands) |
April
2009 |
April
2008 |
Change | |||||||||
Policies in Force: |
||||||||||||
Agency – Auto | 4,355.9 | 4,431.9 | (2)% | |||||||||
Direct – Auto | 2,998.9 | 2,690.1 | 11% | |||||||||
Total Personal Auto | 7,354.8 | 7,122.0 | 3% | |||||||||
Total Special Lines | 3,418.8 | 3,209.8 | 7% | |||||||||
Total Personal Lines | 10,773.6 | 10,331.8 | 4% | |||||||||
Total Commercial Auto | 532.4 | 552.2 | (4)% |