The Progressive Corporation Announces Unaudited Earnings Results for the Month, Fourth Quarter and Full Year Ended December 2015
For the fourth quarter, the company reported net premiums written of $4,838.5 million against $4,613.6 million a year ago. Net premiums earned were $5,166.4 million against $4,942.6 million a year ago. Net income available to company was $330.4 million or $0.56 per share against $370.2 million or $0.63 per share a year ago.
For the year, the company reported net premiums written of $20,564.0 million against $18,654.6 million a year ago. Net premiums earned were $19,899.1 million against $18,398.5 million a year ago. Net income available to company was $1,267.6 million or $2.15 per diluted share against $1,281.0 million or $2.15 per diluted share a year ago. Total revenues were $20,853.8 million against $19,391.4 million a year ago. Income before income taxes was $1,911.6 million against $1,907.4 million a year ago.