trending Market Intelligence /marketintelligence/en/news-insights/trending/8U2gbkXzRIVJ5GixVSMelQ2 content
Log in to other products

Login to Market Intelligence Platform

 /


Looking for more?

Contact Us

Request a Demo

You're one step closer to unlocking our suite of comprehensive and robust tools.

Fill out the form so we can connect you to the right person.

If your company has a current subscription with S&P Global Market Intelligence, you can register as a new user for access to the platform(s) covered by your license at Market Intelligence platform or S&P Capital IQ.

  • First Name*
  • Last Name*
  • Business Email *
  • Phone *
  • Company Name *
  • City *
  • We generated a verification code for you

  • Enter verification Code here*

* Required

In This List

Progressive net income drops, premiums written rise YOY in July

Part Two IFRS 9 Blog Series: The Need to Upgrade Analytical Tools

2018 US Property Casualty Insurance Market Report

Fintech

Fintech Funding Flows To Insurtech In February

Lemonade Growing Premiums Faster Than Esurance's Homeowners Business Did


Progressive net income drops, premiums written rise YOY in July

Progressive Corp.'s net income attributable to the company decreased 5% to $384.9 million in July from $403.7 million a year ago.

Net income per share available to common shareholders slipped year over year to 65 cents from 68 cents.

Net premiums written, however, climbed 12% year over year to $3.68 billion from $3.29 billion. Net premiums earned rose 14% to $3.43 billion from $3.00 billion in July 2018.

The company recorded pretax net realized gains on securities of $49 million, as opposed to a $107 million gain in the prior-year period.

Personal lines policies in force went up 10% to about 18.9 million from approximately 17.3 million in July 2018. Personal auto policies in force increased 12% to about 14.4 million from approximately 12.9 million a year earlier.

The combined ratio worsened to 90.3% in July from 88.8% a year ago.