Five-Year Financial Highlights
(billions — except per share amounts)
Nine Months Ended September 30, |
Years Ended December 31, | |||||||||||
---|---|---|---|---|---|---|---|---|---|---|---|---|
2016 | 2015 | 2015 | 2014 | 2013 | 2012 | |||||||
For the Year | ||||||||||||
Net premiums written | $ | 17.8 | $ | 15.7 | $ | 20.6 | $ | 18.7 | $ | 17.3 | $ | 16.4 |
Growth over prior period | 13% | 12% | 10% | 8% | 6% | 8% | ||||||
Net premiums earned | $ | 16.6 | $ | 14.7 | $ | 19.9 | $ | 18.4 | $ | 17.1 | $ | 16.0 |
Growth over prior period | 13% | 9% | 8% | 8% | 7% | 7% | ||||||
Total revenues | $ | 17.3 | $ | 15.5 | $ | 20.9 | $ | 19.4 | $ | 18.2 | $ | 17.1 |
Net income attributable to Progressive | $ | 0.65 | $ | 0.94 | $ | 1.27 | $ | 1.28 | $ | 1.17 | $ | 0.90 |
Per share | $ | 1.11 | $ | 1.59 | $ | 2.15 | $ | 2.15 | $ | 1.93 | $ | 1.48 |
Underwriting margin | 4.0% | 7.3% | 7.5% | 7.7% | 6.5% | 4.4% |
(billions — except shares outstanding, per share amounts, and policies in force)
Nine Months Ended September 30, |
Years Ended December 31, | |||||||||||
---|---|---|---|---|---|---|---|---|---|---|---|---|
2016 | 2015 | 2015 | 2014 | 2013 | 2012 | |||||||
At PERIOD-End | ||||||||||||
Common shares outstanding (millions) | 580.8 | 584.6 | 583.6 | 587.8 | 595.8 | 604.6 | ||||||
Book value per share | $ | 13.94 | $ | 12.76 | $ | 12.49 | $ | 11.79 | $ | 10.39 | $ | 9.94 |
Consolidated shareholders’ equity | $ | 8.1 | $ | 7.5 | $ | 7.3 | $ | 6.9 | $ | 6.2 | $ | 6.0 |
Market capitalization | $ | 18.3 | $ | 17.9 | $ | 18.6 | $ | 15.9 | $ | 16.2 | $ | 12.8 |
Return on average shareholders’ equity | ||||||||||||
Net income attributable to Progressive | 12.8% | 18.1% | 17.2% | 19.1% | 17.7% | 14.5% | ||||||
Comprehensive income attributable to Progressive | 16.4% | 15.3% | 14.2% | 20.1% | 19.0% | 17.4% | ||||||
Policies in force (thousands) | ||||||||||||
Personal Lines | ||||||||||||
Agency – auto | 4,980.1 | 4,739.9 | 4,737.1 | 4,725.5 | 4,841.9 | 4,790.4 | ||||||
Direct – auto | 5,324.0 | 4,830.8 | 4,916.2 | 4,505.5 | 4,224.2 | 4,000.1 | ||||||
Special lines | 4,291.1 | 4,150.0 | 4,111.4 | 4,030.9 | 3,990.3 | 3,944.8 | ||||||
Total Personal Lines | 14,595.2 | 13,720.7 | 13,764.7 | 13,261.9 | 13,056.4 | 12,735.3 | ||||||
Growth over prior year | 6% | 3% | 4% | 2% | 3% | 4% | ||||||
Commercial Lines | 612.7 | 549.5 | 555.8 | 514.7 | 514.6 | 519.6 | ||||||
Growth over prior year | 12% | 6% | 8% | 0% | (1)% | 2% | ||||||
Property | 1,184.7 | 1,070.2 | 1,076.5 | ||||||| | ||||||| | ||||||| | ||||||
Growth over prior year | 11% | NM | NM | ||||||| | ||||||| | ||||||| | ||||||
Private passenger auto insurance market1 | NA | NA | $ | 192.5 | $ | 183.5 | $ | 174.9 | $ | 168.0 | ||
Market share2 | NA | NA | 9.0% | 8.9% | 8.7% | 8.5% |
Nine Months Ended September 30, |
Years Ended December 31, | |||||||||||
---|---|---|---|---|---|---|---|---|---|---|---|---|
2016 | 2015 | 2015 | 2014 | 2013 | 2012 | |||||||
Stock Price Appreciation (Depreciation)3 | ||||||||||||
Progressive | 1.8% | 16.4% | 20.9% | 5.3% | 30.9% | 15.4% | ||||||
S&P 500 | 7.8% | (5.3)% | 1.4% | 13.7% | 32.4% | 15.9% |
NM = Not meaningful; Property business written by Progressive prior to April 2015 was negligible.
NA = Not available.
1Represents net premiums written as reported by A.M. Best Company, Inc.
2Represents Progressive’s private passenger auto business, including motorcycle insurance, as a percent of the private passenger auto insurance
market.
3Represents average annual compounded rate of increase and assumes dividend reinvestment.