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The Progressive Corporation (NYSE:PGR) today reported the following results for February 2021:


GlobeNewswire Inc | Mar 17, 2021 08:15AM EDT

March 17, 2021

MAYFIELD VILLAGE, OHIO, March 17, 2021 (GLOBE NEWSWIRE) -- The Progressive Corporation (NYSE:PGR) today reported the following results for February 2021:

February(millions, except per share amounts and ratios; 2021 2020 Changeunaudited) Net premiums written $3,852.4 $3,404.2 13 %Net premiums earned $3,202.5 $2,915.1 10 %Net income attributable to Progressive $354.6 $67.1 428 %Per share available to common shareholders $0.60 $0.11 444 %Total pretax net realized gains (losses) on $128.4 $(257.0) (150) %securitiesCombined ratio 91.4 90.3 1.1 pts.Average diluted equivalent common shares 586.8 586.9 0 %

February(thousands; unaudited) 2021 2020 ChangePolicies in Force Personal Lines Agency ? auto 7,752.6 7,148.1 8%Direct ? auto 9,132.3 8,095.1 13%Total personal auto 16,884.9 15,243.2 11%Total special lines 4,957.4 4,570.7 8%Total Personal Lines 21,842.3 19,813.9 10%Total Commercial Lines 842.0 764.0 10%Property business 2,529.7 2,243.7 13%Companywide Total 25,214.0 22,821.6 10%

See Progressives complete monthly earnings release, including the Monthly Commentary, for additional information.

About Progressive

TheProgressive Group of Insurance Companiesmakes it easy to understand, buy and useauto insurance.Progressiveofferschoicesso consumers can reach us whenever, wherever and however it's most convenient - online at progressive.com, by phone at1-800-PROGRESSIVE, on a mobile device or in-person with a local agent.

Progressiveprovides insurance for personal and commercial autos and trucks, motorcycles, boats, recreational vehicles, and homes; itis the third largest auto insurer in the country, a leading seller ofmotorcycleandcommercial 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 February 2021 Complete Earnings Release: http://ml.globenewswire.com/Resource/Download/d4837965-f74b-4c91-970a-a26b87f8eaa6







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