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UPDATE — Progressive Reports October 2022 Results

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MAYFIELD VILLAGE, OHIO, Nov. 16, 2022 (GLOBE NEWSWIRE) — The Progressive Corporation (NYSE:PGR) today announced the following results for October 2022:

October
(in millions, except per share amounts and ratios; unaudited) 2022 2021 To change
Net premiums written $ 5,187.1 $ 4,346.6 19 %
Net earned premiums $ 4,872.7 $ 4,397.8 11 %
Net revenue $ 375.6 $ 373.8 0 %
Per share available to ordinary shareholders $ 0.64 $ 0.63 0 %
Total net realized gains (losses) before tax on securities $ 178.6 $ 302.1 (41 ) %
Combined report 95.9 97.2 (1.3 ) pts.
Average Diluted Equivalent Common Shares 587.1 586.4 0 %
October
(in thousands; unaudited) 2022 2021 To change
Applicable policies
Personal lines
Agency – automotive 7,677.9 7,961.1 (4 ) %
Direct – automatic 10,002.5 9,628.3 4 %
Total Personal Auto 17,680.4 17,589.4 1 %
Total special lines 5,564.1 5,288.9 5 %
Total Personal Lines 23,244.5 22,878.3 2 %
Total commercial lines 1,047.8 964.3 9 %
Total Real Estate 2,838.6 2,750.2 3 %
Company-wide total 27,130.9 26,592.8 2 %

See the full version of Progressive’s monthly results, including the ‘Monthly Commentary’, for more information.

About Progressive

Progressive insurance® makes it easier to understand, buy and use car insurance, Home Insurance, and other protection needs. Progressive offers choices so consumers can reach us in the most convenient way for them — online at progressive.comby phone at 1-800-PROGRESSIVE, via the Progressive mobile app or in person with a local agent.

Progressive provides insurance for personal and commercial automobiles and trucks, motorcycles, boats, recreational vehicles and homes; it is the third largest car insurer in the country, one of the main sellers of motorbike and commercial auto insuranceand one of the top 15 home insurers.

Founded in 1937, Progressive continues its long history of offering shopping tools and services that save customers time and money, like Name Your Price®Instantaneous®and HomeQuote Explorer®.

Common stock of The Progressive Corporation, the Mayfield Village, Ohio-based holding company, publicly trades on NYSE:PGR.

Company Contact:
Douglas S. Constantine
(440) 395-3707
investor_relations@progressive.com

The progressive society
6300 Wilson Mills Road
Mayfield Village, Ohio 44143
http://www.progressive.com

Full release of October 2022 progressive results: Download PDF

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