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 % | |||||||||||||||