Benzinga | Sep 17, 2021 08:09AM EDT

Progressive Reports Aug. 2021 Net Premiums Written $3.89B Vs $3.437B YoY

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



August(millions, except per share amountsand ratios; unaudited) 2021 2020 Change

Net premiums written $ 3,890.9 $ 3,437.7 13 %Net premiums earned $ 3,513.8 $ 3,088.9 14 %Net income (loss) $ (6.6 ) $ 487.4 (101 ) %Per share available to common $ (0.02 ) $ 0.83 (102 ) %shareholdersTotal pretax net realized gains $ 131.5 $ 330.9 (60 ) %(losses) on securitiesCombined ratio 105.3 92.6 12.7 pts.Average equivalent common shares 584.8 587.7 0 %



August(thousands; unaudited) 2021 2020 Change Policies in ForcePersonal LinesAgency ? auto 8,013.3 7,487.0 7 %Direct ? auto 9,638.0 8,714.3 11 %Total personal auto 17,651.3 16,201.3 9 %Total special lines 5,272.5 4,891.1 8 %Total Personal Lines 22,923.8 21,092.4 9 %Total Commercial Lines 942.1 795.4 18 %Total Property business 2,715.6 2,395.4 13 %Companywide Total 26,581.5 24,283.2 9 %

See Progressive's complete monthly earnings release, including the "Monthly Commentary," for additional information.