- Progressive reported its October 2007 results, with net premiums written down 4% from the previous year and net income down 42%
- Total personal auto policies in force grew 2% while special lines policies grew 8%, and commercial auto policies grew 7%
- The combined ratio was 94.9%, up 5.8 points from the previous year, driven by a higher loss ratio and lower investment income
- Progressive announced a reduction in force that would result in approximately $8 million in severance expenses to be reported in November 2007
- The Progressive Corporation reported financial results for November 2007, with net income of $93.0 million, down 29% from November 2006. Net written premiums decreased 5% to $912.8 million.
- The combined ratio was 94.3%, up 7.3 percentage points from November 2006, driven by higher losses and loss adjustment expenses.
- Total personal auto policies in force grew 2% to over 7 million, while special lines policies increased 8% and commercial auto policies rose 7% compared to November 2006.
Progressive reported its November 2008 results, including:
- Net income of $137.5 million, up 48% from November 2007.
- Net premiums written increased 2% to $926.9 million.
- Combined ratio improved 0.5 percentage points to 93.8%.
- Total personal auto policies in force grew 1% to over 7.1 million policies.
Progressive Corporation hosted its 2007 Investor Relations Meeting on June 14th, 2007. The meeting included presentations and a question and answer session, and was available via webcast and phone. Progressive also reported its May 2007 results, including a 3% decrease in net premiums written compared to May 2006, and a 35% decrease in net income. Policies in force increased slightly across personal and commercial auto insurance. The company also provided supplemental financial information for May 2007 and year-to-date.
The Progressive Corporation reported financial results for February 2007, with the following key details:
- Net income was $94.7 million, down 25% from February 2006. Earnings per share were $0.13, down 21%.
- Net written premiums decreased 1% to $1,194.5 million.
- The combined ratio was 92.8%, up 6.5 percentage points from the prior year, driven by unfavorable development of prior accident year losses.
- Total policies in force increased 3% to over 9.85 million personal lines policies and 508,000 commercial auto policies.
1) The Progressive Corporation reported its October 2006 results including net premiums written of $1,315.8 million, down 1% from October 2005, and net income of $130.1 million, up 73% from the previous year.
2) Progressive's combined ratio was 89.1 for October 2006, an improvement of 5.1 percentage points from 94.2 in October 2005.
3) Progressive offers auto insurance to personal and commercial drivers throughout the United States, writing policies for private passenger vehicles, recreational vehicles, and automobiles and trucks owned by small businesses.
- Progressive Corporation reported financial results for September and Q3 2007, with net income down 25% and 27% respectively from the previous year.
- Net premiums written decreased 1% for September and 3% for Q3, while net premiums earned decreased 2% for both periods.
- The combined ratio increased 7.9 points for September and 6.4 points for Q3, to 94.8% and 93.7% respectively, due to higher losses and loss adjustment expenses.
- Progressive will hold a conference call on November 2, 2007 to address questions about its financial results.
Progressive Corporation announced its December 2007 results. Net premiums written decreased 1% to $910.1 million compared to December 2006. Net income decreased 51% to $67.6 million compared to December 2006. The combined ratio was 95.8% compared to 86.6% in December 2006. Progressive also reported results for the full year 2007, with net premiums written decreasing 3% to $13.77 billion compared to 2006. Net income decreased 28% to $1.18 billion compared to 2006. The combined ratio for 2007 was 95% compared to 87.7% in 2006.
- The Progressive Corporation reported financial results for July 2007, with net premiums written down 3% from July 2006. Net income was down 20% from the previous year.
- Total personal auto policies in force grew 2% year-over-year, while special lines policies increased 8%. Commercial auto policies were up 7%.
- The combined ratio for July 2007 was 91.3, compared to 86.6 in July 2006, with losses and loss adjustment expenses up and other underwriting expenses down slightly.
- The Progressive Corporation reported financial results for November 2007, with net income of $93.0 million, down 29% from November 2006. Net written premiums decreased 5% to $912.8 million.
- The combined ratio was 94.3%, up 7.3 percentage points from November 2006, driven by higher losses and loss adjustment expenses.
- Total personal auto policies in force grew 2% to over 7 million, while special lines policies increased 8% and commercial auto policies rose 7% compared to November 2006.
Progressive reported its November 2008 results, including:
- Net income of $137.5 million, up 48% from November 2007.
- Net premiums written increased 2% to $926.9 million.
- Combined ratio improved 0.5 percentage points to 93.8%.
- Total personal auto policies in force grew 1% to over 7.1 million policies.
Progressive Corporation hosted its 2007 Investor Relations Meeting on June 14th, 2007. The meeting included presentations and a question and answer session, and was available via webcast and phone. Progressive also reported its May 2007 results, including a 3% decrease in net premiums written compared to May 2006, and a 35% decrease in net income. Policies in force increased slightly across personal and commercial auto insurance. The company also provided supplemental financial information for May 2007 and year-to-date.
The Progressive Corporation reported financial results for February 2007, with the following key details:
- Net income was $94.7 million, down 25% from February 2006. Earnings per share were $0.13, down 21%.
- Net written premiums decreased 1% to $1,194.5 million.
- The combined ratio was 92.8%, up 6.5 percentage points from the prior year, driven by unfavorable development of prior accident year losses.
- Total policies in force increased 3% to over 9.85 million personal lines policies and 508,000 commercial auto policies.
1) The Progressive Corporation reported its October 2006 results including net premiums written of $1,315.8 million, down 1% from October 2005, and net income of $130.1 million, up 73% from the previous year.
2) Progressive's combined ratio was 89.1 for October 2006, an improvement of 5.1 percentage points from 94.2 in October 2005.
3) Progressive offers auto insurance to personal and commercial drivers throughout the United States, writing policies for private passenger vehicles, recreational vehicles, and automobiles and trucks owned by small businesses.
- Progressive Corporation reported financial results for September and Q3 2007, with net income down 25% and 27% respectively from the previous year.
- Net premiums written decreased 1% for September and 3% for Q3, while net premiums earned decreased 2% for both periods.
- The combined ratio increased 7.9 points for September and 6.4 points for Q3, to 94.8% and 93.7% respectively, due to higher losses and loss adjustment expenses.
- Progressive will hold a conference call on November 2, 2007 to address questions about its financial results.
Progressive Corporation announced its December 2007 results. Net premiums written decreased 1% to $910.1 million compared to December 2006. Net income decreased 51% to $67.6 million compared to December 2006. The combined ratio was 95.8% compared to 86.6% in December 2006. Progressive also reported results for the full year 2007, with net premiums written decreasing 3% to $13.77 billion compared to 2006. Net income decreased 28% to $1.18 billion compared to 2006. The combined ratio for 2007 was 95% compared to 87.7% in 2006.
- The Progressive Corporation reported financial results for July 2007, with net premiums written down 3% from July 2006. Net income was down 20% from the previous year.
- Total personal auto policies in force grew 2% year-over-year, while special lines policies increased 8%. Commercial auto policies were up 7%.
- The combined ratio for July 2007 was 91.3, compared to 86.6 in July 2006, with losses and loss adjustment expenses up and other underwriting expenses down slightly.
Progressive Corporation reported its May 2008 results. Net premiums written decreased 1% to $1.049 billion compared to May 2007. Net income decreased 3% to $79.3 million compared to May 2007. The combined ratio improved to 92.4% from 93.3% in May 2007 due to a decrease in losses and loss adjustment expenses. Total personal auto policies in force increased 1% to over 7.1 million policies compared to May 2007.
Progressive Corporation reported its October 2008 results. Net income was $145.0 million, up 92% from the previous year. Progressive saw growth in total personal auto and special lines policies in force of 1% and 8% respectively. The combined ratio was 93.2, an improvement of 1.7 percentage points from the previous year, driven by a decrease in losses and loss adjustment expenses. However, net unrealized losses on investments increased by $621.4 million during the month primarily in fixed maturity securities and common stocks.
The Progressive Corporation reported its October 2004 results. Net premiums written increased 9% to $1.279.8 million compared to October 2003. Net income decreased 4% to $140.2 million while the combined ratio increased 2.3 percentage points to 87.0%. Progressive continues to respond to claims from hurricanes in August and September, with losses representing 1.5 percentage points of the loss ratio for the month. On October 22, Progressive repurchased 16.9 million shares for $1.5 billion through a Dutch auction tender offer.
Progressive reported its results for March 2007. Net income decreased 16% to $131.1 million compared to March 2006. The combined ratio increased 4.9 points to 88.2. For the quarter, net income decreased 17% to $363.5 million and the combined ratio increased 4.3 points to 89.5. Progressive saw unfavorable development from prior accident years, primarily related to larger losses emerging from prior years in commercial auto.
- The Progressive Corporation reported its April 2007 results, with net premiums written down 4% from April 2006 to $1.437 billion and net income down 14% to $136.7 million.
- The combined ratio was 88.8%, up 2.9 percentage points from April 2006, driven by an increase in bodily injury severity.
- Total personal auto policies in force grew 1% to over 7 million while total commercial auto policies grew 6% to over 522,000.
The Progressive Corporation reported its November 2004 results, including a 7% increase in net premiums written and an 8% increase in net premiums earned compared to November 2003. Net income decreased 6% to $93.8 million while the combined ratio increased 2.9 percentage points to 89.6%. Personal lines policies in force grew 11% year-over-year while commercial auto policies increased 15%. Growth is slowing across most markets and businesses. Investment income was impacted by $3.8 million in special stock dividends while realized losses included $6 million in common stock impairments.
The Progressive Corporation reported financial results for February 2006 with the following highlights:
- Net premiums written increased 2% to $1.209 billion compared to February 2005.
- Net income decreased slightly to $126.5 million (1%) compared to the previous year.
- Combined ratio increased 1.1 percentage points to 86.3%.
- Personal Lines accounted for the majority of net premiums written at $1.053 billion while Commercial Auto was $154.4 million.
The Progressive Corporation announced financial results for December 2006 and the full year 2006. For December, net income increased 13% to $138.9 million compared to December 2005. For the full year, net income increased 18% to $1.647 billion compared to 2005. The company also announced it would hold a conference call on March 2, 2007 to discuss annual results and file its annual report with the SEC.
The Progressive Corporation reported financial results for March 2005. Net premiums written increased 5% to $1.127 billion compared to March 2004. Net income decreased 11% to $135.2 million compared to the prior year. Earnings per share fell 3% to $0.67. The combined ratio was 84.8, a deterioration of 2 points from the prior year. Policies in force grew 12% year-over-year for personal lines and 14% for commercial auto.
The Progressive Corporation announced that it will host its 2006 Investor Relations Meeting on June 15th via webcast. Information distributed at the meeting will be made available on the company's website. Progressive also reported its May 2006 results, including a 3% increase in net premiums written and earned compared to May 2005. Net income remained flat at $125.8 million. The combined ratio was 86.7, up 0.9 points from the prior year.
This document is a Form 10-Q quarterly report filed by Health Net, Inc. with the SEC for the quarter ended March 31, 2003. It includes condensed consolidated financial statements and notes. The financial statements show that as of March 31, 2003 Health Net had total assets of $3.46 billion including $869 million in cash and $908 million in investments. Total liabilities were $2.16 billion including $1.11 billion in reserves for claims. For the quarter ended March 31, 2003 Health Net reported revenues of $1.56 billion and net income of $56.7 million.
The Progressive Corporation reported financial results for October 2006. Net premiums written decreased 1% to $1.315 billion while net premiums earned increased 1% to $1.354 billion. Net income increased 73% to $130.1 million compared to October 2005. The combined ratio improved to 89.1% from 94.2% in October 2005. For the year-to-date period, net premiums written increased 1% to $12.253 billion and net income grew 16% to $1.376 billion. The company's book value per share was $8.98 and return on equity was 24.8% for the trailing twelve months.
The Progressive Corporation reported its results for May 2005. Net premiums written increased 2% compared to May 2004. Net income increased 16% to $126.1 million, while earnings per share increased 27% to $0.63. The combined ratio improved 0.8 percentage points to 85.8%. Personal lines policies in force grew 11% year-over-year.
The Progressive Corporation reported its March 2008 results. Net premiums written decreased 2% to $1.118 billion compared to March 2007. Net income decreased 46% to $71.3 million compared to the previous year. The combined ratio increased 4.6 points to 92.8. Policies in force increased for total personal auto, special lines, and commercial auto compared to the previous year. Progressive offers auto insurance nationwide and its commercial auto business writes insurance for small businesses.
The Progressive Corporation reported its financial results for January 2007. Net premiums written decreased 1% to $1.31 billion compared to January 2006. Net income decreased 11% to $137.7 million compared to the previous year. The combined ratio was 87.8%, an increase of 1.8 percentage points from January 2006. Progressive will hold a conference call on March 2, 2007 to discuss its 2006 annual report and Form 10-K filing with the SEC.
The document is a letter from the President and CEO of Health Net, Inc. inviting stockholders to attend the company's 2002 Annual Meeting of Stockholders. It provides details such as the meeting date, time, and location, as well as noting that items of business from the accompanying Notice and Proxy Statement will be discussed. Stockholders are urged to vote whether or not they attend.
The Progressive Corporation announced financial results for December 2005 and the full year 2005. For December, net income was $122.9 million, down 32% from the previous year due to an additional week of results in 2004. For the full year, net income was $1.393.9 billion, down 15% from 2004 which had 53 weeks of activity compared to 52 weeks in 2005. The company also held a conference call in March 2006 to discuss the full year 2005 results and filed its annual report with the SEC.
O documento apresenta informações sobre um caderno de português do Ensino Fundamental da Secretaria de Educação do Paraná. Ele lista os responsáveis pela elaboração e revisão do material, incluindo a equipe, consultores e coordenadores. Além disso, traz detalhes sobre as unidades que compõem o caderno e os conteúdos abordados em cada uma.
The Progressive Corporation reported its July 2006 results:
- Net premiums written increased 2% to $1.427 billion and net income increased 3% to $148.8 million compared to July 2005.
- The combined ratio improved slightly to 86.6% from 86.9% in July 2005.
- Progressive also announced a joint marketing agreement with Homesite Insurance to offer homeowners insurance to eligible auto insurance customers in a three-state test program by the end of 2006.
Progressive Corporation announced its December 2007 results. Net premiums written decreased 1% to $910.1 million compared to December 2006. Net income decreased 51% to $67.6 million compared to December 2006. The combined ratio was 95.8% compared to 86.6% in December 2006. Progressive also reported results for the full year 2007, with net premiums written decreasing 3% to $13.77 billion compared to 2006. Net income decreased 28% to $1.18 billion compared to 2006. The combined ratio for 2007 was 95% compared to 87.7% in 2006.
The Progressive Corporation reported financial results for July 2005:
- Net premiums written increased 8% to $1,403.2 million compared to July 2004.
- Net income decreased 14% to $143.9 million compared to July 2004.
- The combined ratio was 86.9%, 4.3 percentage points higher than July 2004.
- Progressive offers auto insurance to personal and commercial drivers throughout the US.
Progressive Corporation reported its May 2008 results. Net premiums written decreased 1% to $1.049 billion compared to May 2007. Net income decreased 3% to $79.3 million compared to May 2007. The combined ratio improved to 92.4% from 93.3% in May 2007 due to a decrease in losses and loss adjustment expenses. Total personal auto policies in force increased 1% to over 7.1 million policies compared to May 2007.
Progressive Corporation reported its October 2008 results. Net income was $145.0 million, up 92% from the previous year. Progressive saw growth in total personal auto and special lines policies in force of 1% and 8% respectively. The combined ratio was 93.2, an improvement of 1.7 percentage points from the previous year, driven by a decrease in losses and loss adjustment expenses. However, net unrealized losses on investments increased by $621.4 million during the month primarily in fixed maturity securities and common stocks.
The Progressive Corporation reported its October 2004 results. Net premiums written increased 9% to $1.279.8 million compared to October 2003. Net income decreased 4% to $140.2 million while the combined ratio increased 2.3 percentage points to 87.0%. Progressive continues to respond to claims from hurricanes in August and September, with losses representing 1.5 percentage points of the loss ratio for the month. On October 22, Progressive repurchased 16.9 million shares for $1.5 billion through a Dutch auction tender offer.
Progressive reported its results for March 2007. Net income decreased 16% to $131.1 million compared to March 2006. The combined ratio increased 4.9 points to 88.2. For the quarter, net income decreased 17% to $363.5 million and the combined ratio increased 4.3 points to 89.5. Progressive saw unfavorable development from prior accident years, primarily related to larger losses emerging from prior years in commercial auto.
- The Progressive Corporation reported its April 2007 results, with net premiums written down 4% from April 2006 to $1.437 billion and net income down 14% to $136.7 million.
- The combined ratio was 88.8%, up 2.9 percentage points from April 2006, driven by an increase in bodily injury severity.
- Total personal auto policies in force grew 1% to over 7 million while total commercial auto policies grew 6% to over 522,000.
The Progressive Corporation reported its November 2004 results, including a 7% increase in net premiums written and an 8% increase in net premiums earned compared to November 2003. Net income decreased 6% to $93.8 million while the combined ratio increased 2.9 percentage points to 89.6%. Personal lines policies in force grew 11% year-over-year while commercial auto policies increased 15%. Growth is slowing across most markets and businesses. Investment income was impacted by $3.8 million in special stock dividends while realized losses included $6 million in common stock impairments.
The Progressive Corporation reported financial results for February 2006 with the following highlights:
- Net premiums written increased 2% to $1.209 billion compared to February 2005.
- Net income decreased slightly to $126.5 million (1%) compared to the previous year.
- Combined ratio increased 1.1 percentage points to 86.3%.
- Personal Lines accounted for the majority of net premiums written at $1.053 billion while Commercial Auto was $154.4 million.
The Progressive Corporation announced financial results for December 2006 and the full year 2006. For December, net income increased 13% to $138.9 million compared to December 2005. For the full year, net income increased 18% to $1.647 billion compared to 2005. The company also announced it would hold a conference call on March 2, 2007 to discuss annual results and file its annual report with the SEC.
The Progressive Corporation reported financial results for March 2005. Net premiums written increased 5% to $1.127 billion compared to March 2004. Net income decreased 11% to $135.2 million compared to the prior year. Earnings per share fell 3% to $0.67. The combined ratio was 84.8, a deterioration of 2 points from the prior year. Policies in force grew 12% year-over-year for personal lines and 14% for commercial auto.
The Progressive Corporation announced that it will host its 2006 Investor Relations Meeting on June 15th via webcast. Information distributed at the meeting will be made available on the company's website. Progressive also reported its May 2006 results, including a 3% increase in net premiums written and earned compared to May 2005. Net income remained flat at $125.8 million. The combined ratio was 86.7, up 0.9 points from the prior year.
This document is a Form 10-Q quarterly report filed by Health Net, Inc. with the SEC for the quarter ended March 31, 2003. It includes condensed consolidated financial statements and notes. The financial statements show that as of March 31, 2003 Health Net had total assets of $3.46 billion including $869 million in cash and $908 million in investments. Total liabilities were $2.16 billion including $1.11 billion in reserves for claims. For the quarter ended March 31, 2003 Health Net reported revenues of $1.56 billion and net income of $56.7 million.
The Progressive Corporation reported financial results for October 2006. Net premiums written decreased 1% to $1.315 billion while net premiums earned increased 1% to $1.354 billion. Net income increased 73% to $130.1 million compared to October 2005. The combined ratio improved to 89.1% from 94.2% in October 2005. For the year-to-date period, net premiums written increased 1% to $12.253 billion and net income grew 16% to $1.376 billion. The company's book value per share was $8.98 and return on equity was 24.8% for the trailing twelve months.
The Progressive Corporation reported its results for May 2005. Net premiums written increased 2% compared to May 2004. Net income increased 16% to $126.1 million, while earnings per share increased 27% to $0.63. The combined ratio improved 0.8 percentage points to 85.8%. Personal lines policies in force grew 11% year-over-year.
The Progressive Corporation reported its March 2008 results. Net premiums written decreased 2% to $1.118 billion compared to March 2007. Net income decreased 46% to $71.3 million compared to the previous year. The combined ratio increased 4.6 points to 92.8. Policies in force increased for total personal auto, special lines, and commercial auto compared to the previous year. Progressive offers auto insurance nationwide and its commercial auto business writes insurance for small businesses.
The Progressive Corporation reported its financial results for January 2007. Net premiums written decreased 1% to $1.31 billion compared to January 2006. Net income decreased 11% to $137.7 million compared to the previous year. The combined ratio was 87.8%, an increase of 1.8 percentage points from January 2006. Progressive will hold a conference call on March 2, 2007 to discuss its 2006 annual report and Form 10-K filing with the SEC.
The document is a letter from the President and CEO of Health Net, Inc. inviting stockholders to attend the company's 2002 Annual Meeting of Stockholders. It provides details such as the meeting date, time, and location, as well as noting that items of business from the accompanying Notice and Proxy Statement will be discussed. Stockholders are urged to vote whether or not they attend.
The Progressive Corporation announced financial results for December 2005 and the full year 2005. For December, net income was $122.9 million, down 32% from the previous year due to an additional week of results in 2004. For the full year, net income was $1.393.9 billion, down 15% from 2004 which had 53 weeks of activity compared to 52 weeks in 2005. The company also held a conference call in March 2006 to discuss the full year 2005 results and filed its annual report with the SEC.
O documento apresenta informações sobre um caderno de português do Ensino Fundamental da Secretaria de Educação do Paraná. Ele lista os responsáveis pela elaboração e revisão do material, incluindo a equipe, consultores e coordenadores. Além disso, traz detalhes sobre as unidades que compõem o caderno e os conteúdos abordados em cada uma.
The Progressive Corporation reported its July 2006 results:
- Net premiums written increased 2% to $1.427 billion and net income increased 3% to $148.8 million compared to July 2005.
- The combined ratio improved slightly to 86.6% from 86.9% in July 2005.
- Progressive also announced a joint marketing agreement with Homesite Insurance to offer homeowners insurance to eligible auto insurance customers in a three-state test program by the end of 2006.
Progressive Corporation announced its December 2007 results. Net premiums written decreased 1% to $910.1 million compared to December 2006. Net income decreased 51% to $67.6 million compared to December 2006. The combined ratio was 95.8% compared to 86.6% in December 2006. Progressive also reported results for the full year 2007, with net premiums written decreasing 3% to $13.77 billion compared to 2006. Net income decreased 28% to $1.18 billion compared to 2006. The combined ratio for 2007 was 95% compared to 87.7% in 2006.
The Progressive Corporation reported financial results for July 2005:
- Net premiums written increased 8% to $1,403.2 million compared to July 2004.
- Net income decreased 14% to $143.9 million compared to July 2004.
- The combined ratio was 86.9%, 4.3 percentage points higher than July 2004.
- Progressive offers auto insurance to personal and commercial drivers throughout the US.
Progressive reported its November 2007 results. Net premiums written decreased 5% to $912.8 million compared to November 2006. Net income also decreased 29% to $93 million. The combined ratio increased to 94.3% from 87% the prior year. Policies in force grew 2% for personal auto and 8% for special lines compared to November 2006.
Progressive reported its November 2008 results, including:
- Net income of $137.5 million, up 48% from November 2007.
- Net premiums written increased 2% to $926.9 million.
- Combined ratio improved 0.5 percentage points to 93.8%.
- Total personal auto policies in force grew 1% to over 7.1 million policies.
Progressive Corporation hosted its 2007 Investor Relations Meeting on June 14th, 2007. The meeting included presentations and a question and answer session, and was available via webcast and phone. Progressive also reported its May 2007 results, including a 3% decrease in net premiums written compared to May 2006, and a 35% decrease in net income. Policies in force increased slightly across personal and commercial auto insurance. The company also provided supplemental financial information for May 2007 and year-to-date.
- Progressive Corporation reported financial results for September and Q3 2007, with net income down 25% and 27% respectively from the previous year.
- Net premiums written decreased 1% for September and 3% for Q3, while net premiums earned decreased 2% for both periods.
- The combined ratio increased 7.9 points for September and 6.4 points for Q3, to 94.8% and 93.7% respectively, due to higher losses and loss adjustment expenses.
- Progressive will hold a conference call on November 2, 2007 to address questions about its financial results.
The Progressive Corporation reported financial results for February 2007, with the following key details:
- Net income was $94.7 million, down 25% from February 2006. Earnings per share were $0.13, down 21%.
- Net written premiums decreased 1% to $1,194.5 million.
- The combined ratio was 92.8%, up 6.5 percentage points from the prior year, driven by unfavorable development of prior accident year losses.
- Total policies in force increased 3% to over 9.85 million personal lines policies and 508,000 commercial auto policies.
- The Progressive Corporation reported its April 2007 results, with net premiums written down 4% from April 2006 to $1.437 billion and net income down 14% to $136.7 million.
- The combined ratio was 88.8%, up 2.9 percentage points from April 2006, driven by an increase in bodily injury severity.
- Total personal auto policies in force grew 1% to over 7 million while total commercial auto policies grew 6% to over 522,000.
The Progressive Corporation reported its October 2004 results. Progressive's net written premiums increased 9% to $1,279.8 million compared to October 2003. However, net income decreased 4% to $140.2 million due to a 2.3 point increase in the combined ratio to 87.0%. Catastrophic losses from hurricanes added $19.2 million or 1.5 points to the loss ratio for the month. Progressive also repurchased shares during October through a Dutch auction tender offer.
The Progressive Corporation reported financial results for March 2008. Net income decreased 46% from the previous year to $71.3 million. Earned premiums decreased 3% to $1.049 billion. The combined ratio increased 4.6 points to 92.8 due to losses from declines in the market value of securities. Total personal auto policies in force grew 1% to over 7.1 million policies.
Progressive Corporation reported its October 2008 results. Net income was $145.0 million, up 92% from October 2007. Earned premiums remained flat at $1.316.2 million. The combined ratio improved 1.7 points to 93.2%. Total personal auto policies in force grew 1% to over 7 million. Progressive holds a conference call on November 12, 2008 to discuss the results.
The Progressive Corporation reported its financial results for July 2004. Net premiums written increased 7% to $1.298 billion compared to July 2003. Net income grew 18% to $168.1 million, while earnings per share rose 19% to $0.77. The combined ratio improved 3.3 percentage points to 82.6. Personal lines net premiums written grew 6% and commercial auto rose 19%. Progressive continued to experience strong profitability with only two unprofitable markets.
The Progressive Corporation reported its financial results for July 2004. Net premiums written increased 7% to $1.298 billion compared to July 2003. Net income grew 18% to $168.1 million, while earnings per share rose 19% to $0.77. The combined ratio improved 3.3 percentage points to 82.6. Personal lines net premiums written grew 6% and commercial auto rose 19%. Progressive continued to experience strong profitability with only two unprofitable markets.
The Progressive Corporation reported its financial results for January 2007. Net premiums written decreased 1% to $1.314 billion compared to January 2006. Net income decreased 11% to $137.7 million, while earnings per share decreased 5% to $0.18. The combined ratio increased 1.8 percentage points to 87.8%. Progressive will hold a conference call on March 2, 2007 to discuss its 2006 annual report and Form 10-K filing with the SEC.
Progressive reported its results for March 2007. Net income decreased 16% to $131.1 million compared to March 2006. The combined ratio, a measure of profitability, increased 4.9 percentage points to 88.2. Unfavorable development from prior accident years in commercial auto contributed to higher losses. Policies in force grew 3% overall year-over-year, with higher growth in direct auto and special lines.
- The Progressive Corporation reported financial results for July 2007, with net premiums written down 3% from July 2006. Net income was down 20% from the previous year.
- Total personal auto policies in force grew 2% year-over-year, while special lines policies increased 8%. Commercial auto policies were up 7%.
- The combined ratio for July 2007 was 91.3, compared to 86.6 in July 2006, with losses and loss adjustment expenses up and other underwriting expenses down slightly.
The Progressive Corporation announced financial results for December 2006 and the full year 2006. For December, net income increased 13% year-over-year to $138.9 million. For the full year, net income increased 18% to $1.647.5 billion. Progressive will hold a conference call on March 2, 2007 to discuss full year 2006 results.
Progressive Corporation reported its May 2008 results. Net premiums written decreased 1% to $1.049 billion compared to May 2007. Net income decreased 3% to $79.3 million compared to May 2007. The combined ratio improved to 92.4% from 93.3% in May 2007 due to a decrease in losses and loss adjustment expenses. Total personal auto policies in force increased 1% to over 7.1 million policies compared to May 2007.
1. Progressive Corporation held a conference call on November 3, 2006 to address questions about its quarterly financial results.
2. In September 2006, Progressive reported a 32% increase in net income compared to September 2005. Earned premiums increased 1% and the combined ratio improved by 2 percentage points.
3. For the January-September 2006 period, Progressive reported a 12% increase in net income compared to the same period in 2005. Earned premiums increased 3% and the combined ratio improved by 3.1 percentage points.
1. Progressive Corporation held a conference call on November 3, 2006 to address questions about their quarterly financial results.
2. For September 2006, Progressive reported a 32% increase in net income compared to the same period in 2005. Earnings per share increased 37%.
3. For the quarter ending September 2006, Progressive saw a 34% increase in net income and a 38% increase in earnings per share, compared to the same period in 2005.
The Progressive Corporation reported its April 2008 results. Net premiums written decreased 2% to $1.4 billion. Net income decreased 20% to $108.9 million. The combined ratio increased 2.9 points to 91.7%. Policies in force increased for personal auto and special lines but decreased for commercial auto. Progressive provides auto insurance through both independent agencies and direct channels.
The Progressive Corporation reported its April 2008 results. Net premiums written decreased 2% to $1.4 billion. Net income decreased 20% to $108.9 million. The combined ratio increased 2.9 points to 91.7%. Policies in force increased for personal auto and special lines but decreased for commercial auto. Progressive provides auto insurance through independent agencies and direct channels.
This document provides supplementary financial information for The Chubb Corporation for the quarter ending March 31, 2005. It includes:
- Consolidated balance sheet highlights showing total invested assets of $31.9 billion.
- Summaries of invested assets by corporate and property/casualty segments.
- Investment income after taxes for corporate and property/casualty segments.
- Property/casualty insurance group statutory surplus of $8.25 billion.
- Changes in net unpaid losses for various lines of business.
- Worldwide underwriting results by line of business, showing a total statutory underwriting income of $134.4 million.
The document provides supplementary investor information from The Chubb Corporation as of June 30, 2005. It includes:
- Consolidated balance sheet highlights showing total invested assets of $32.9 billion including fixed maturities and equity securities.
- Summaries of invested assets for Chubb's Corporate and Property & Casualty segments totaling over $31 billion.
- Investment income after taxes for the second quarter and first half of 2005, with Property & Casualty investment income of $261 million and $513 million respectively.
- Property & Casualty underwriting results for the second quarter and first half of 2005, including a $4.3 billion statutory policyholders' surplus for the P
Supplementary Investor Information Y13880_Edgar_992_0333_finance18
The document provides supplementary investor information for The Chubb Corporation for the third quarter of 2005, including:
1) Consolidated balance sheet highlights and summaries of invested assets for both corporate and property/casualty segments.
2) Property/casualty underwriting results for the first nine months of 2005, showing a statutory underwriting income of $293.6 million.
3) Details of changes in net unpaid losses and the estimated impact of catastrophes including Hurricane Katrina of $511 million pre-tax cost.
The document provides supplementary investor information for The Chubb Corporation as of December 31, 2005. It includes a consolidated balance sheet, details on share repurchase activity, summaries of invested assets and investment income for both corporate and property & casualty segments. It also provides property & casualty underwriting results for 2005 and 2004, including net premiums written and earned, losses incurred and expenses by line of business.
This document provides supplementary financial information for The Chubb Corporation as of March 31, 2006. It includes consolidated balance sheet highlights, share repurchase activity, summaries of invested assets for corporate and property & casualty segments, investment income after taxes, statutory policyholders' surplus, changes in net unpaid losses, and underwriting results for personal, commercial, and specialty insurance lines of business. Key metrics such as loss ratios, expense ratios, and combined ratios are also presented.
This document provides supplementary investor information from The Chubb Corporation for the period ending June 30, 2006. It includes consolidated balance sheet highlights, share repurchase activity, summaries of invested assets, investment income after taxes, statutory policyholders' surplus, changes in net unpaid losses, and underwriting results by line of business for year-to-date and quarterly periods. Key metrics such as loss ratios, expense ratios, and combined ratios are presented.
The document provides financial information for The Chubb Corporation as of September 30, 2006. It includes highlights of consolidated balance sheet items, share repurchase activity, summaries of invested assets and investment income for both corporate and property/casualty segments. Details are also given on property/casualty underwriting results for various lines of business on a year-to-date and quarterly basis, including ratios and comparisons to prior periods. Key terms are defined at the end.
This document provides supplementary investor information from The Chubb Corporation for the period ending December 31, 2006. It includes highlights of consolidated balance sheet items, summaries of invested assets, investment income after taxes, statutory policyholders' surplus, changes in unpaid losses, and worldwide property and casualty underwriting results for 2006 and 2005. Specifically, total invested assets increased to $37.7 billion in 2006 from $34.6 billion in 2005. Net income after taxes from investments was $1.2 billion for property and casualty in 2006. Statutory policyholders' surplus grew to $11.3 billion in 2006 from $8.9 billion in 2005.
This document provides a summary of financial information for The Chubb Corporation as of March 31, 2007. Some key highlights include:
- Total invested assets were $38.7 billion as of March 31, 2007, with fixed maturities making up the majority.
- Statutory policyholders' surplus for Chubb's property and casualty insurance group was estimated at $11.95 billion as of March 31, 2007, with a ratio of statutory net premiums written to surplus of 1.00 to 1.
- For the three months ended March 31, 2007, Chubb's worldwide property and casualty underwriting results showed a total underwriting income of $202 million for personal insurance and $144 million
This document provides supplementary investor information from The Chubb Corporation for the period ending June 30, 2007. It includes highlights of Chubb's consolidated balance sheet, share repurchase activity, summaries of invested assets for Corporate and Property & Casualty segments, and investment income after taxes. Key metrics provided are total invested assets of $39.5 billion, shareholders' equity of $13.8 billion, and year-to-date Property & Casualty investment income of $360 million.
This document provides supplementary investor information for The Chubb Corporation, including consolidated balance sheet highlights, share repurchase activity, summaries of invested assets, investment income after taxes, statutory policyholders' surplus, changes in net unpaid losses, and underwriting results for both the nine months and quarters ended September 30, 2007 and 2006. Key figures include total invested assets of $40.5 billion, shareholders' equity of $14.2 billion, and worldwide property and casualty underwriting income of $543 million for the nine months ended September 30, 2007.
This document provides supplementary financial information for The Chubb Corporation as of December 31, 2007. It includes highlights of consolidated balance sheets, share repurchase activity, summaries of invested assets, investment income after taxes for corporate and property/casualty divisions, statutory policyholder surplus, changes in unpaid losses, and underwriting results by line of business for 2007 and 2006.
This document provides financial information about Chubb Corporation's property and casualty underwriting results for 2007 and 2006. It summarizes key metrics like net premiums written, losses incurred, expenses incurred, underwriting income, and combined loss/expense ratios for different business lines including personal, commercial, and specialty insurance. It also notes that beginning in 2008, foreign currency fluctuations will be accounted for differently in the reporting of losses paid and outstanding losses. Overall underwriting income increased from $1.886 billion to $2.064 billion from 2006 to 2007.
The document provides supplementary financial information for Chubb Corporation as of March 31, 2008. Key highlights include:
- Total invested assets were $40.1 billion, with fixed maturities making up the majority.
- Statutory policyholders' surplus for property and casualty insurance was estimated at $13.3 billion, with a ratio of net premiums written to surplus of 0.9 to 1.
- For the three months ended March 31, 2008, worldwide underwriting resulted in a total profit of $138 million for commercial lines and $164 million for personal lines. Loss and expense ratios remained high but stable.
The document is a report from The Chubb Corporation detailing changes to how losses are presented in their property and casualty underwriting results. Specifically, beginning in Q3 2008, foreign currency fluctuations will impact "net losses paid" and "increase (decrease) in outstanding losses" differently than before. The report provides definitions, ratios, and quarterly underwriting results for Q1 2008 and 2007 to reflect these presentation modifications. Incurred losses remain unchanged.
This document provides supplementary investor information from The Chubb Corporation, including:
- Consolidated balance sheet highlights and share repurchase activity as of June 30, 2008.
- Summaries of invested assets for Corporate and Property & Casualty segments.
- Investment income after taxes for Corporate and Property & Casualty segments for the second quarter and first six months of 2008 versus 2007.
- Property & Casualty statutory policyholders' surplus, change in net unpaid losses, and underwriting results by line of business for the first half of 2008 versus the same period in 2007.
This document from Chubb Corporation reports modifications to the presentation of losses incurred in property and casualty underwriting results for the six months ended June 30, 2008 and 2007. Specifically, it notes that beginning in Q3 2008, foreign currency fluctuations will be reflected differently in "net losses paid" and "increase (decrease) in outstanding losses", though incurred losses remain unchanged. It provides definitions of key terms like underwriting income/loss and combined loss/expense ratio used to evaluate underwriting performance. The document then presents detailed underwriting results by line of business and geographic region.
This document provides supplementary investor information from The Chubb Corporation for the quarter ending September 30, 2008. It includes a consolidated balance sheet, share repurchase activity, summaries of invested assets for corporate and property & casualty divisions, and investment income and underwriting results. Beginning in Q3 2008, foreign currency fluctuations will impact property & casualty loss reporting differently than in the past.
This document provides supplementary financial information for The Chubb Corporation as of December 31, 2008. It includes highlights of the consolidated balance sheet, share repurchase activity, summaries of invested assets for the Corporate and Property and Casualty segments, and investment income. It also contains information on statutory policyholders' surplus, changes in unpaid losses, and underwriting results for year-to-date and quarterly periods for the Property and Casualty Insurance Group. Key terms are defined at the end.
Independent Study - College of Wooster Research (2023-2024) FDI, Culture, Glo...AntoniaOwensDetwiler
"Does Foreign Direct Investment Negatively Affect Preservation of Culture in the Global South? Case Studies in Thailand and Cambodia."
Do elements of globalization, such as Foreign Direct Investment (FDI), negatively affect the ability of countries in the Global South to preserve their culture? This research aims to answer this question by employing a cross-sectional comparative case study analysis utilizing methods of difference. Thailand and Cambodia are compared as they are in the same region and have a similar culture. The metric of difference between Thailand and Cambodia is their ability to preserve their culture. This ability is operationalized by their respective attitudes towards FDI; Thailand imposes stringent regulations and limitations on FDI while Cambodia does not hesitate to accept most FDI and imposes fewer limitations. The evidence from this study suggests that FDI from globally influential countries with high gross domestic products (GDPs) (e.g. China, U.S.) challenges the ability of countries with lower GDPs (e.g. Cambodia) to protect their culture. Furthermore, the ability, or lack thereof, of the receiving countries to protect their culture is amplified by the existence and implementation of restrictive FDI policies imposed by their governments.
My study abroad in Bali, Indonesia, inspired this research topic as I noticed how globalization is changing the culture of its people. I learned their language and way of life which helped me understand the beauty and importance of cultural preservation. I believe we could all benefit from learning new perspectives as they could help us ideate solutions to contemporary issues and empathize with others.
Every business, big or small, deals with outgoing payments. Whether it’s to suppliers for inventory, to employees for salaries, or to vendors for services rendered, keeping track of these expenses is crucial. This is where payment vouchers come in – the unsung heroes of the accounting world.
Dr. Alyce Su Cover Story - China's Investment Leadermsthrill
In World Expo 2010 Shanghai – the most visited Expo in the World History
https://www.britannica.com/event/Expo-Shanghai-2010
China’s official organizer of the Expo, CCPIT (China Council for the Promotion of International Trade https://en.ccpit.org/) has chosen Dr. Alyce Su as the Cover Person with Cover Story, in the Expo’s official magazine distributed throughout the Expo, showcasing China’s New Generation of Leaders to the World.
An accounting information system (AIS) refers to tools and systems designed for the collection and display of accounting information so accountants and executives can make informed decisions.
South Dakota State University degree offer diploma Transcriptynfqplhm
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Optimizing Net Interest Margin (NIM) in the Financial Sector (With Examples).pdfshruti1menon2
NIM is calculated as the difference between interest income earned and interest expenses paid, divided by interest-earning assets.
Importance: NIM serves as a critical measure of a financial institution's profitability and operational efficiency. It reflects how effectively the institution is utilizing its interest-earning assets to generate income while managing interest costs.
Discover the Future of Dogecoin with Our Comprehensive Guidance36 Crypto
Learn in-depth about Dogecoin's trajectory and stay informed with 36crypto's essential and up-to-date information about the crypto space.
Our presentation delves into Dogecoin's potential future, exploring whether it's destined to skyrocket to the moon or face a downward spiral. In addition, it highlights invaluable insights. Don't miss out on this opportunity to enhance your crypto understanding!
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Vicinity Jobs’ data includes more than three million 2023 OJPs and thousands of skills. Most skills appear in less than 0.02% of job postings, so most postings rely on a small subset of commonly used terms, like teamwork.
Laura Adkins-Hackett, Economist, LMIC, and Sukriti Trehan, Data Scientist, LMIC, presented their research exploring trends in the skills listed in OJPs to develop a deeper understanding of in-demand skills. This research project uses pointwise mutual information and other methods to extract more information about common skills from the relationships between skills, occupations and regions.
Falcon stands out as a top-tier P2P Invoice Discounting platform in India, bridging esteemed blue-chip companies and eager investors. Our goal is to transform the investment landscape in India by establishing a comprehensive destination for borrowers and investors with diverse profiles and needs, all while minimizing risk. What sets Falcon apart is the elimination of intermediaries such as commercial banks and depository institutions, allowing investors to enjoy higher yields.
A toxic combination of 15 years of low growth, and four decades of high inequality, has left Britain poorer and falling behind its peers. Productivity growth is weak and public investment is low, while wages today are no higher than they were before the financial crisis. Britain needs a new economic strategy to lift itself out of stagnation.
Scotland is in many ways a microcosm of this challenge. It has become a hub for creative industries, is home to several world-class universities and a thriving community of businesses – strengths that need to be harness and leveraged. But it also has high levels of deprivation, with homelessness reaching a record high and nearly half a million people living in very deep poverty last year. Scotland won’t be truly thriving unless it finds ways to ensure that all its inhabitants benefit from growth and investment. This is the central challenge facing policy makers both in Holyrood and Westminster.
What should a new national economic strategy for Scotland include? What would the pursuit of stronger economic growth mean for local, national and UK-wide policy makers? How will economic change affect the jobs we do, the places we live and the businesses we work for? And what are the prospects for cities like Glasgow, and nations like Scotland, in rising to these challenges?
Ending stagnation: How to boost prosperity across Scotland
progressive mreport-10/07
1. NEWS
RELEASE
The Progressive Corporation Company Contact:
6300 Wilson Mills Road Patrick Brennan
Mayfield Village, Ohio 44143 (440) 395-2370
http://www.progressive.com
PROGRESSIVE DISTRIBUTES OCTOBER RESULTS
MAYFIELD VILLAGE, OHIO -- November 15, 2007 -- The Progressive Corporation today reported the following results for October
2007:
(millions, except per share amounts and ratios) October October
2007 2006 Change
Net premiums written $1,261.0 $1,315.8 (4)%
Net premiums earned 1,319.7 1,354.7 (3)%
Net income 75.5 130.1 (42)%
Per share .11 .17 (36)%
Pretax net realized gains (losses) on securities 1.0 .2 400%
Combined ratio 94.9 89.1 5.8 pts.
Average diluted equivalent shares 693.8 762.8 (9)%
(in thousands) October October
2007 2006 Change
Policies in Force:
Total Personal Auto 7,016.0 6,895.3 2%
Total Special Lines 3,135.1 2,893.9 8%
Total Commercial Auto 541.1 506.4 7%
Progressive offers insurance to personal and commercial auto drivers throughout the United States. Our Personal Lines Business writes
insurance for private passenger automobiles and recreational vehicles. Our Commercial Auto Business writes primary liability, physical
damage and other auto-related insurance for automobiles and trucks owned by small businesses.
See the “Income Statements” and “Supplemental Information” for further month and year-to-date information and the “Monthly
Commentary” at the end of this release for additional discussion.
-1-
2. THE PROGRESSIVE CORPORATION AND SUBSIDIARIES
INCOME STATEMENT
October 2007
(millions – except per share amounts)
(unaudited)
Current
Comments on Monthly Results1
Month
Net premiums written $1,261.0
Revenues:
Net premiums earned $1,319.7
Investment income 52.2
Net realized gains (losses) on securities 1.0
Service revenues 1.8
Total revenues 1,374.7
Expenses:
Losses and loss adjustment expenses 975.9
132.6
Policy acquisition costs
Other underwriting expenses 144.4
Investment expenses 1.1
Service expenses 1.6
Interest expense 11.5
Total expenses 1,267.1
Income before income taxes 107.6
Provision for income taxes 32.1
Net income $75.5
COMPUTATION OF EARNINGS PER SHARE
Basic:
Average shares outstanding 686.3
Per share $.11
Diluted:
Average shares outstanding 686.3
Net effect of dilutive stock-based compensation 7.5
Total equivalent shares 693.8
Per share $.11
1
See the Monthly Commentary at the end of this release for additional discussion. For a description of our reporting and accounting
policies, see Note 1 to our 2006 audited consolidated financial statements included in our 2006 Shareholders’ Report, which can be
found at www.progressive.com/annualreport.
The following table sets forth the investment results for the month:
Fully taxable equivalent total return:
Fixed-income securities .2%
Common stocks 1.6%
Total portfolio .4%
Pretax recurring investment book yield 4.6%
-2-
3. THE PROGRESSIVE CORPORATION AND SUBSIDIARIES
INCOME STATEMENTS
October 2007 Year-to-Date
(millions – except per share amounts)
(unaudited)
Year-to-Date
%
2007 2006 Change
Net premiums written $11,949.6 $12,253.6 (2)
Revenues:
Net premiums earned $11,784.5 $11,963.9 (1)
Investment income 567.0 536.3 6
Net realized gains (losses) on securities 76.2 (24.0) NM
Service revenues 19.3 26.2 (26)
Total revenues 12,447.0 12,502.4 0
Expenses:
Losses and loss adjustment expenses 8,373.9 7,970.9 5
Policy acquisition costs 1,190.7 1,223.1 (3)
Other underwriting expenses 1,298.7 1,176.1 10
Investment expenses 11.4 10.0 14
Service expenses 16.9 21.2 (20)
Interest expense 85.6 64.7 32
Total expenses 10,977.2 10,466.0 5
Income before income taxes 1,469.8 2,036.4 (28)
Provision for income taxes 447.9 659.7 (32)
Net income $1,021.9 $1,376.7 (26)
COMPUTATION OF EARNINGS PER SHARE
Basic:
Average shares outstanding 717.1 778.0 (8)
Per share $1.43 $1.77 (19)
Diluted:
Average shares outstanding 717.1 778.0 (8)
Net effect of dilutive stock-based compensation 8.3 9.7 (14)
Total equivalent shares 725.4 787.7 (8)
Per share $1.41 $1.75 (19)
NM = Not Meaningful
The following table sets forth the investment results for the year-to-date period:
2007 2006
Fully taxable equivalent total return:
Fixed-income securities 4.7% 5.2%
Common stocks 11.5% 12.3%
Total portfolio 5.8% 6.2%
Pretax recurring investment book yield 4.7% 4.6%
-3-
4. THE PROGRESSIVE CORPORATION AND SUBSIDIARIES
SUPPLEMENTAL INFORMATION
October 2007
($ in millions)
(unaudited)
Current Month
Commercial
Personal Lines Auto Other Companywide
Businesses1
Agency Direct Total Business Total
Net Premiums Written $686.3 $402.0 $1,088.3 $170.5 $2.2 $1,261.0
% Growth in NPW (6)% (1)% (4)% (6)% NM (4)%
Net Premiums Earned $721.7 $419.1 $1,140.8 $176.8 $2.1 $1,319.7
% Growth in NPE (4)% 0% (3)% (2)% NM (3)%
GAAP Ratios
Loss/LAE ratio 73.5 74.2 73.8 75.9 NM 73.9
Expense ratio 21.3 20.8 21.1 19.9 NM 21.0
Combined ratio 94.8 95.0 94.9 95.8 NM 94.9
Actuarial Adjustments2
Reserve Decrease/(Increase)
Prior accident years $3.3
Current accident year (12.0)
Calendar year actuarial adjustment $(.4) $(1.3) $(1.7) $(7.0) $0 $(8.7)
Prior Accident Years Development
Favorable/(Unfavorable)
Actuarial adjustment $3.3
All other development (11.6)
Total development $(8.3)
Calendar year loss/LAE ratio 73.9
Accident year loss/LAE ratio 73.3
Statutory Ratios
Loss/LAE ratio 74.0
Expense ratio 21.3
Combined ratio 95.3
1
Primarily includes professional liability insurance for community banks and Progressive’s run-off businesses. The other
businesses generated an underwriting profit of $.7 million for the month. Combined ratios and % growth are not meaningful
(NM) due to the low level of premiums earned by, and the variability of losses in, such businesses.
2
Represents adjustments solely based on our corporate actuarial reviews.
-4-
5. THE PROGRESSIVE CORPORATION AND SUBSIDIARIES
SUPPLEMENTAL INFORMATION
October 2007 Year-to-Date
($ in millions) (unaudited)
Year-to-Date
Commercial
Personal Lines Auto Other Companywide
Businesses1
Agency Direct Total Business Total
Net Premiums Written $6,546.8 $3,777.9 $10,324.7 $1,605.5 $19.4 $11,949.6
% Growth in NPW (4)% 0% (2)% (3)% NM (2)%
Net Premiums Earned $6,494.0 $3,704.4 $10,198.4 $1,567.8 $18.3 $11,784.5
% Growth in NPE (3)% 1% (2)% 0% NM (1)%
GAAP Ratios
Loss/LAE ratio 71.9 70.7 71.4 69.1 NM 71.1
Expense ratio 21.3 21.1 21.2 20.2 NM 21.1
Combined ratio 93.2 91.8 92.6 89.3 NM 92.2
Actuarial Adjustments2
Reserve Decrease/(Increase)
Prior accident years $36.2
Current accident year (18.3)
Calendar year actuarial adjustment $14.0 $7.7 $21.7 $(3.5) $(.3) $17.9
Prior Accident Years Development
Favorable/(Unfavorable)
Actuarial adjustment $36.2
All other development (103.9)
Total development $(67.7)
Calendar year loss/LAE ratio 71.1
Accident year loss/LAE ratio 70.5
Statutory Ratios
Loss/LAE ratio 71.1
Expense ratio 20.9
Combined ratio 92.0
Statutory Surplus3 $5,159.4
NM = Not Meaningful
October October
2007 2006 Change
Policies in Force
(in thousands)
Agency – Auto 4,436.0 4,470.5 (1)%
Direct – Auto 2,580.0 2,424.8 6%
Special Lines4 3,135.1 2,893.9 8%
Total Personal Lines 10,151.1 9,789.2 4%
Commercial Auto Business 541.1 506.4 7%
1
The other businesses generated an underwriting profit of $3.1 million.
2
Represents adjustments solely based on our corporate actuarial reviews.
3
During October, the insurance subsidiaries declared and paid $103 million in distributions to the parent company.
4
Includes insurance for motorcycles, recreational vehicles, mobile homes, watercraft, snowmobiles and similar items, as well as a
personal umbrella product.
-5-
6. THE PROGRESSIVE CORPORATION AND SUBSIDIARIES
BALANCE SHEET AND OTHER INFORMATION
(millions – except per share amounts)
(unaudited)
October
2007
CONDENSED GAAP BALANCE SHEET:1
Investments – Available-for-sale, at fair value:
Fixed maturities (amortized cost: $9,729.4) $9,743.2
Equity securities:
Preferred stocks2 (cost: $2,393.3) 2,331.1
Common equities (cost: $1,383.5) 2,468.4
Short-term investments (amortized cost: $1,032.1) 1,032.1
Total investments3 15,574.8
Net premiums receivable 2,550.7
Deferred acquisition costs 454.2
Other assets 1,781.7
Total assets $20,361.4
Unearned premiums $4,486.3
Loss and loss adjustment expense reserves 5,931.6
Other liabilities3 2,513.0
Debt 2,173.6
Shareholders’ equity 5,256.9
Total liabilities and shareholders’ equity $20,361.4
Common Shares outstanding 689.4
Shares repurchased – October 9.0
Average cost per share $18.97
Book value per share $7.63
Trailing 12-month return on average shareholders’ equity 20.4%
Net unrealized pretax gains on investments $1,038.5
Increase (decrease) from September 2007 $3.8
Increase (decrease) from December 2006 $120.3
Debt-to-total capital ratio 29.3%
Fixed-income portfolio duration 3.5 years
Weighted average credit quality AA
Year-to-date Gainshare factor .77
1
Loss and loss adjustment expense reserves are stated gross of reinsurance recoverables on unpaid
losses of $305.3 million.
2
As of October 31, 2007, we held certain hybrid securities and recognized a change in fair value of
$2.0 million as a realized loss during the period we held these securities.
3
Includes repurchase commitment transactions of $688.5 million and net unsettled security
transactions of $202.8 million.
-6-
7. Monthly Commentary
• In September 2007, we announced organizational changes designed to increase our ability to execute on key strategies, lower
our non-claims expense ratio and foster growth through more competitive pricing, improved customer retention and an increased
focus on brand development. Consistent with those organizational changes, today we announced a reduction-in-force in our
Information Technology group and our Personal Lines group of 263 people and 78 people, respectively; those affected in
Personal Lines are primarily supervisors and managers in our sales and customer service call center operations (see News
Release dated November 15, 2007). As a result, approximately $8 million of severance-related expense associated with this
action will be included in our November 2007 results.
About Progressive
The Progressive Group of Insurance Companies, in business since 1937, is the country’s third largest auto insurance group and largest
seller of motorcycle and personal watercraft policies based on premiums written, and is a market leader in commercial auto insurance.
Progressive is committed to becoming consumers’ #1 choice for auto insurance by providing competitive rates and products that meet
drivers’ needs throughout their lifetimes, superior online and in-person customer service, and best-in-class, 24-hour claims service,
including its concierge level of claims service available at service centers located in major metropolitan areas throughout the United
States.
Progressive companies offer consumers choices in how to shop for, buy and manage their auto insurance policies. Progressive offers its
products, including personal and commercial auto, motorcycle, boat and recreational vehicle insurance, through more than 30,000
independent insurance agencies throughout the U.S. and online and by phone directly from the Company. To find an agent or to get a
quote, go to www.progressive.com.
The Common Shares of The Progressive Corporation, the Mayfield Village, Ohio-based holding company, are publicly traded at
NYSE:PGR. For more information, including a guide to interpreting the monthly reporting package, visit www.progressive.com.
Safe Harbor Statement Under the Private Securities Litigation Reform Act of 1995: Statements in this release that are not historical fact
are forward-looking statements that are subject to certain risks and uncertainties that could cause actual events and results to differ
materially from those discussed herein. These risks and uncertainties include, without limitation, uncertainties related to estimates,
assumptions and projections generally; inflation and changes in economic conditions (including changes in interest rates and financial
markets); the accuracy and adequacy of our pricing and loss reserving methodologies; the competitiveness of our pricing and the
effectiveness of our initiatives to retain more customers; initiatives by competitors and the effectiveness of our response; our ability to
obtain regulatory approval for requested rate changes and the timing thereof; the effectiveness of our brand strategy and advertising
campaigns relative to those of competitors; legislative and regulatory developments; disputes relating to intellectual property rights; the
outcome of litigation pending or that may be filed against us; weather conditions (including the severity and frequency of storms,
hurricanes, snowfalls, hail and winter conditions); changes in driving patterns and loss trends; acts of war and terrorist activities; our
ability to maintain the uninterrupted operation of our facilities, systems (including information technology systems) and business
functions; court decisions and trends in litigation and health care and auto repair costs; and other matters described from time to time in
our releases and publications, and in our periodic reports and other documents filed with the United States Securities and Exchange
Commission. In addition, investors should be aware that generally accepted accounting principles prescribe when a company may
reserve for particular risks, including litigation exposures. Accordingly, results for a given reporting period could be significantly
affected if and when a reserve is established for one or more contingencies. Reported results, therefore, may appear to be volatile in
certain accounting periods.
-7-