(billions — except per share amounts)
| 2013 | 2012 | 2011 | 2010 | 2009 | ||||||
|---|---|---|---|---|---|---|---|---|---|---|
| For the Year | ||||||||||
| Net premiums written | $ | 17.3 | $ | 16.4 | $ | 15.1 | $ | 14.5 | $ | 14.0 |
| Growth over prior year | 6% | 8% | 5% | 3% | 3% | |||||
| Net premiums earned | $ | 17.1 | $ | 16.0 | $ | 14.9 | $ | 14.3 | $ | 14.0 |
| Growth over prior year | 7% | 7% | 4% | 2% | 3% | |||||
| Total revenues | $ | 18.2 | $ | 17.1 | $ | 15.8 | $ | 15.2 | $ | 14.8 |
| Net income | $ | 1.17 | $ | .90 | $ | 1.02 | $ | 1.07 | $ | 1.06 |
| Per share | $ | 1.93 | $ | 1.48 | $ | 1.59 | $ | 1.61 | $ | 1.57 |
| Underwriting margin | 6.5% | 4.4% | 7.0% | 7.6% | 8.4% |
(billions — except shares outstanding, per share amounts, and policies in force)
| 2013 | 2012 | 2011 | 2010 | 2009 | ||||||
|---|---|---|---|---|---|---|---|---|---|---|
| At Year-End | ||||||||||
| Common shares outstanding (millions) | 595.8 | 604.6 | 613.0 | 662.4 | 672.6 | |||||
| Book value per share | $ | 10.39 | $ | 9.94 | $ | 9.47 | $ | 9.13 | $ | 8.55 |
| Consolidated shareholders’ equity | $ | 6.2 | $ | 6.0 | $ | 5.8 | $ | 6.0 | $ | 5.7 |
| Market capitalization | $ | 16.2 | $ | 12.8 | $ | 12.0 | $ | 13.2 | $ | 12.1 |
| Return on average shareholders’ equity | ||||||||||
| Net income | 17.7% | 14.5% | 16.5% | 17.1% | 21.4% | |||||
| Comprehensive income | 19.0% | 17.4% | 15.0% | 22.3% | 35.5% | |||||
| Policies in force (thousands) | ||||||||||
| Personal Lines | ||||||||||
| Agency — auto | 4,841.9 | 4,790.4 | 4,648.5 | 4,480.1 | 4,299.2 | |||||
| Direct — auto | 4,224.2 | 4,000.1 | 3,844.5 | 3,610.4 | 3,201.1 | |||||
| Special lines | 3,990.3 | 3,944.8 | 3,790.8 | 3,612.2 | 3,440.3 | |||||
| Total Personal Lines | 13,056.4 | 12,735.3 | 12,283.8 | 11,702.7 | 10,940.6 | |||||
| Growth over prior year | 3% | 4% | 5% | 7% | 5% | |||||
| Commercial Lines | 514.6 | 519.6 | 509.1 | 510.4 | 512.8 | |||||
| Growth over prior year | (1)% | 2% | 0% | 0% | (5)% | |||||
| Industry net premiums written1 | NA | $ | 167.9 | $ | 163.3 | $ | 160.1 | $ | 157.2 | |
| Market share2 | NA | 8.5% | 8.1% | 7.9% | 7.7% |
| 1-Year | 3-Year | 5-Year | ||||
|---|---|---|---|---|---|---|
| Stock Price Appreciation3 | ||||||
| Progressive | 30.9% | 14.8% | 16.6% | |||
| S&P 500 | 32.4% | 16.1% | 17.9% |
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 = Final comparable industry data will not be available until our third quarter report.