(billions — except per share amounts)
Nine Months Ended September 30, |
Years Ended December 31, |
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---|---|---|---|---|---|---|---|---|---|---|---|---|
> 2013 | 2012 | 2012 | 2011 | 2010 | 2009 | |||||||
Net premiums written | $ | 13.3 | $ | 12.5 | $ | 16.4 | $ | 15.1 | $ | 14.5 | $ | 14.0 |
Growth over prior period | 6% | 8% | 8% | 5% | 3% | 3% | ||||||
Net premiums earned | $ | 12.8 | $ | 11.9 | $ | 16.0 | $ | 14.9 | $ | 14.3 | $ | 14.0 |
Growth over prior period | 7% | 7% | 7% | 4% | 2% | 3% | ||||||
Total revenues | $ | 13.6 | $ | 12.7 | $ | 17.1 | $ | 15.8 | $ | 15.2 | $ | 14.8 |
Net income | $ | .87 | $ | .65 | $ | .90 | $ | 1.02 | $ | 1.07 | $ | 1.06 |
Per share | $ | 1.43 | $ | 1.07 | $ | 1.48 | $ | 1.59 | $ | 1.61 | $ | 1.57 |
Underwriting margin | 6.7% | 4.1% | 4.4% | 7.0% | 7.6% | 8.4% |
(billions — except shares outstanding, per share amounts, and policies in force)
Nine Months Ended September 30, |
Years Ended December 31, |
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---|---|---|---|---|---|---|---|---|---|---|---|---|
> 2013 | 2012 | 2012 | 2011 | 2010 | 2009 | |||||||
At Period-End | ||||||||||||
Common Shares outstanding (millions) | 600.0 | 604.7 | 604.6 | 613.0 | 662.4 | 672.6 | ||||||
Book value per share | $ | 11.32 | $ | 10.84 | $ | 9.94 | $ | 9.47 | $ | 9.13 | $ | 8.55 |
Consolidated shareholders’ equity | $ | 6.8 | $ | 6.6 | $ | 6.0 | $ | 5.8 | $ | 6.0 | $ | 5.7 |
Market capitalization | $ | 16.3 | $ | 12.5 | $ | 12.8 | $ | 12.0 | $ | 13.2 | $ | 12.1 |
Return on average shareholders’ equity | ||||||||||||
Net income | 17.5% | 14.8% | 14.5% | 16.5% | 17.1% | 21.4% | ||||||
Comprehensive income | 16.9% | 20.1% | 17.4% | 15.0% | 22.3% | 35.5% | ||||||
Policies in Force (thousands) | ||||||||||||
Personal Lines | ||||||||||||
Agency – auto | 4,842.4 | 4,846.5 | 4,790.4 | 4,648.5 | 4,480.1 | 4,299.2 | ||||||
Direct – auto | 4,172.3 | 4,018.9 | 4,000.1 | 3,844.5 | 3,610.4 | 3,201.1 | ||||||
Special lines | 4,040.7 | 3,994.2 | 3,944.8 | 3,790.8 | 3,612.2 | 3,440.3 | ||||||
Total Personal Lines | 13,055.4 | 12,859.6 | 12,735.3 | 12,283.8 | 11,702.7 | 10,940.6 | ||||||
Growth over prior year | 2% | 5% | 4% | 5% | 7% | 5% | ||||||
Commercial Lines | 524.7 | 526.5 | 519.6 | 509.1 | 510.4 | 512.8 | ||||||
Growth over prior year | 0% | 2% | 2% | 0% | 0% | (5)% | ||||||
Industry net premiums written1 | NA | NA | $ | 167.9 | $ | 163.3 | $ | 160.1 | $ | 157.2 | ||
Market share2 | NA | NA | 8.5% | 8.1% | 7.9% | 7.7% |
Nine Months Ended September 30, |
Years Ended December 31, |
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---|---|---|---|---|---|---|---|---|---|---|---|---|
> 2013 | 2012 | 2012 | 2011 | 2010 | 2009 | |||||||
Stock Price Appreciation3 | ||||||||||||
Progressive | 30.7% | 8.4% | 15.4% | .2% | 16.9% | 21.5% | ||||||
S&P 500 | 19.8% | 16.4% | 15.9% | 2.1% | 15.0% | 26.4% |
1 Represents private passenger auto insurance market net premiums written as reported by A.M. Best Company, Inc.
2 Represents Progressive's private passenger auto business, including motorcycle insurance, as a percent of the private passenger auto insurance market.
3 Represents average annual compounded rate of increase and assumes dividend reinvestment.
NA = Not Available.