Progressive Corp. Announces Unaudited Earnings Results for the Month, Fourth Quarter and Year Ended December 31, 2013
For the quarter, the company reported premiums earned of $4,344.1 million against $4,105.6 million a year ago. Net income was $299.8 million against $249.1 million a year ago. Net income per share of $0.50 against $0.41 a year ago. Net premiums written was $4,048.6 million against $3,839.3 million a year ago.
For the year, the company reported net premiums earned of $17,103.4 million against $16,018.0 million a year ago. Total revenues were $18,170.9 million against $17,083.9 million a year ago. Income before income taxes was $1,720.0 million against $1,317.7 million a year ago. Net income was $1,165.4 million against $902.3 million a year ago. Net income per diluted share of $1.93 against $1.48 a year ago. Net premiums written was $17,339.7 million against $16,372.7 million a year ago.