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Active-Investors: Free Post Earnings Research Report: Progressive's Premium Growth Boosted Top-Line

Stock Monitor: RLI Corp. Post Earnings Reporting

LONDON, UK / ACCESSWIRE / January 29, 2018 / Active-Investors.com has just released a free earnings report on The Progressive Corp. (NYSE: PGR) ("Progressive"). If you want access to this report all you need to do is sign up now by clicking the following link www.active-investors.com/registration-sg/'symbol=PGR. The Company posted its financial results on January 24, 2018, for the full fiscal year 2017 (FY17). The Company reported a growth of 16% y-o-y in its net premiums written, while its net income surged 54% y-o-y. Register today and get access to over 1000 Free Research Reports by joining our site below:

www.active-investors.com/registration-sg

Active-Investors.com is currently working on the research report for RLI Corp. (NYSE: RLI), which also belongs to the Financial sector as the Company Progressive Corp. Do not miss out and become a member today for free to access this upcoming report at:

www.active-investors.com/registration-sg/'symbol=RLI

Active-Investors.com is focused on giving you timely information and the inside line on companies that matter to you. This morning, The Progressive most recent news is on our radar and our team decided to put out a fantastic report on the company that is now available for free below:

www.active-investors.com/registration-sg/'symbol=PGR

Earnings Highlights and Summary

During FY17, Progressive reported net premiums written of $27.13 billion compared to $23.35 billion at the end of FY16. For FY17, net premiums earned were $25.73 billion, 14% above the $22.47 billion reported in FY16. Furthermore, the Company's total revenues were $26.84 billion in FY17, also rising 14% from $23.44 billion a year ago.

The Mayfield Village, Ohio-based Company recorded a net income attributable to its shareholders of $1.59 billion in FY17 compared to $1.03 billion in FY16. The Company's diluted net income per share rose to $2.72 in FY17 from $1.76 in the previous year. Moreover, the Company posted a comprehensive income attributable to its shareholders of $1.94 billion, or $3.31 per diluted share, in FY17 compared to $1.16 billion, or $1.99 per diluted share, in FY16.

Performance Metrics

The auto insurance Company reported a combined ratio of 93.4 in the year ended December 31, 2017. Furthermore, calendar year Loss Adjustment Expense (LAE) ratio was 73.1, while expense ratio was 20.3 in FY17.

The auto insurance Company had a total portfolio return (FTE) of 5.2% in FY17 compared to 4.0% in FY16. The Company's return on fixed-income securities (FTE) was 3.0% in FY17 compared to 2.9% in FY16. Meanwhile, return on common stock (FTE) increased to 21.8% during FY17 from 12.8% in the previous year.

Segment Performance

In the year ended December 31, 2017, Progressive's total personal auto policies in force were 11.71 million, up 13% from 10.39 million in December 2016. Total special lines policies registered a growth of 2% to stand at 4.37 million y-o-y in December 2017. Personal Lines Business's net premiums written grew 17% to $22.93 billion y-o-y in FY17. The segment reported a net premiums earned growth of 14% and stood at $21.95 billion on a y-o-y basis as on December 31, 2017.

The Company's Total Commercial Lines polices grew 6% to 646.8 million y-o-y during FY17. The segment's net premiums written and earned registered a growth of 47% and 20%, respectively, and they stood at $204.6 million and $238.8 million y-o-y, respectively, in the full year ended December 31, 2017.

Property business policies in force were 1.46 million as on December 31, 2017, rising 22% on a y-o-y basis. Net premiums written and net premiums earned grew 17% and 14%, respectively, and were at $1.09 billion and $988.8 million y-o-y, respectively, at the close of the full year FY17.

Dividend

On December 08, 2017, Progressive's Board of Directors declared an annual variable dividend of $1.1247 per common share, to be paid on February 09, 2018, to shareholders of record at the close of business on February 02, 2018.

Stock Performance Snapshot

January 26, 2018 - At Friday's closing bell, The Progressive's stock fell 1.67%, ending the trading session at $54.83.

Volume traded for the day: 5.74 million shares, which was above the 3-month average volume of 2.94 million shares.

Stock performance in the last three-month - up 12.80%; previous six-month period - up 18.47%; and past twelve-month period - up 44.14%

After last Friday's close, The Progressive's market cap was at $31.87 billion.

Price to Earnings (P/E) ratio was at 22.87.

The stock has a dividend yield of 1.24%.

The stock is part of the Financial sector, categorized under the Property & Casualty Insurance industry. This sector was up 0.7% at the end of the session.

Active-Investors:

Active-Investors (A-I) produces regular sponsored and non-sponsored reports, articles, stock market blogs, and popular investment newsletters covering equities listed on NYSE and NASDAQ and Canadian stocks. A-I has two distinct and independent departments. One department produces non-sponsored analyst certified content generally in the form of press releases, articles and reports covering equities listed on NYSE and NASDAQ and the other produces sponsored content (in most cases not reviewed by a registered analyst), which typically consists of compensated investment newsletters, articles and reports covering listed stocks and micro-caps. Such sponsored content is outside the scope of procedures detailed below.

A-I has not been compensated; directly or indirectly; for producing or publishing this document.

PRESS RELEASE PROCEDURES:

The non-sponsored content contained herein has been prepared by a writer (the "Author") and is fact checked and reviewed by a third-party research service company (the "Reviewer") represented by a credentialed financial analyst [for further information on analyst credentials, please email info@active-investors.com. Rohit Tuli, a CFA® charterholder (the "Sponsor"), provides necessary guidance in preparing the document templates. The Reviewer has reviewed and revised the content, as necessary, based on publicly available information which is believed to be reliable. Content is researched, written and reviewed on a reasonable-effort basis. The Reviewer has not performed any independent investigations or forensic audits to validate the information herein. The Reviewer has only independently reviewed the information provided by the Author according to the procedures outlined by A-I. A-I is not entitled to veto or interfere in the application of such procedures by the third-party research service company to the articles, documents or reports, as the case may be. Unless otherwise noted, any content outside of this document has no association with the Author or the Reviewer in any way.

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A-I, the Author, and the Reviewer are not responsible for any error which may be occasioned at the time of printing of this document or any error, mistake or shortcoming. No liability is accepted whatsoever for any direct, indirect or consequential loss arising from the use of this document. A-I, the Author, and the Reviewer expressly disclaim any fiduciary responsibility or liability for any consequences, financial or otherwise arising from any reliance placed on the information in this document. Additionally, A-I, the Author, and the Reviewer do not (1) guarantee the accuracy, timeliness, completeness or correct sequencing of the information, or (2) warrant any results from use of the information. The included information is subject to change without notice.

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This document is not intended as an offering, recommendation, or a solicitation of an offer to buy or sell the securities mentioned or discussed, and is to be used for informational purposes only. Please read all associated disclosures and disclaimers in full before investing. Neither A-I nor any party affiliated with us is a registered investment adviser or broker-dealer with any agency or in any jurisdiction whatsoever. To download our report(s), read our disclosures, or for more information, visit http://active-investors.com/legal-disclaimer/.

CONTACT

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SOURCE: Active-Investors

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