Progressive Reports June 2022 Results

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Jul 15, 2022
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MAYFIELD VILLAGE, OHIO, July 15, 2022 (GLOBE NEWSWIRE) -- The Progressive Corporation (:PGR) today reported the following results for June 2022 and the second quarter of 2022:

(millions, except per share amounts and ratios; unaudited)

Net premiums written$3,877.1$3,627.37 %$12,422.1$11,480.38 %
Net premiums earned$3,770.2$3,459.99 %$12,147.9$10,982.311 %
Net income (loss)$(436.7)$132.8(429) %$(542.9)$790.1(169) %
Per share available to common shareholders1$(0.75)$0.22(438) %$(0.94)$1.34(170) %
Total pretax net realized gains (losses) on securities$(564.2)$124.2(554) %$(1,177.7)$461.8(355) %
Combined ratio94.7100.5(5.8) pts.95.696.5(0.9) pts.
Average equivalent common shares1584.3586.80 %584.3586.80 %

1Since we reported a net loss, the amounts reported for June 2022 and the second quarter of 2022 represent basic earnings per share and basic average equivalent shares since diluted earnings per share are antidilutive. For both periods in 2021, amounts are reported on a diluted basis.

(thousands; unaudited)

Policies in Force
Personal Lines
Agency – auto7,619.58,014.2(5) %
Direct – auto9,557.09,581.30 %
Total personal auto17,176.517,595.5(2) %
Total special lines5,485.05,211.75 %
Total Personal Lines22,661.522,807.2(1) %
Total Commercial Lines1,024.6916.612 %
Total Property business2,823.02,655.56 %
Companywide Total26,509.126,379.30 %

See Progressive’s complete monthly earnings release, including the “Monthly Commentary,” for additional information.

About Progressive

Progressive Insurance® makes it easy to understand, buy and use car insurance, home insurance, and other protection needs. Progressive offers choices so consumers can reach us whenever, wherever and however it's most convenient - online at, by phone at 1-800-PROGRESSIVE, on a mobile device or in-person with a local agent.

Progressive provides insurance for personal and commercial autos and trucks, motorcycles, boats, recreational vehicles, and homes; it is the third largest car insurer in the country, a leading seller of motorcycle and commercial 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 : PGR.

Company Contact:
Douglas S. Constantine
(440) 395-3707
[email protected]

The Progressive Corporation
6300 Wilson Mills Road
Mayfield Village, Ohio 44143

Progressive June 2022 Complete Earnings Release: Download PDF

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