Bank of America Corp
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Financials : Banks | Large Cap Value
Company profile

Bank of America Corporation is a bank holding company and a financial holding company. The Company is a financial institution, serving individual consumers and others with a range of banking, investing, asset management and other financial and risk management products and services. The Company, through its banking and various non-bank subsidiaries, throughout the United States and in international markets, provides a range of banking and non-bank financial services and products through four business segments: Consumer Banking, which comprises Deposits and Consumer Lending; Global Wealth & Investment Management, which consists of two primary businesses: Merrill Lynch Global Wealth Management and U.S. Trust, Bank of America Private Wealth Management; Global Banking, which provides a range of lending-related products and services; Global Markets, which offers sales and trading services, and All Other, which consists of equity investments, residual expense allocations and other.

Closing Price
$28.99
Day's Change
-0.04 (-0.14%)
Bid
--
Ask
--
B/A Size
--
Day's High
29.10
Day's Low
28.81
Volume
(Light)
Volume:
25,971,555

10-day average volume:
51,914,855
25,971,555

Progressive Reports August 2020 Results

8:25 am ET September 17, 2020 (Globe Newswire) Print

The Progressive Corporation (NYSE:PGR) today reported the following results for August 2020:

                                                                       August
                                                           2020        2019           Change
(millions, except per share amounts and ratios; unaudited)
Net premiums written                                       $ 3,437.7   $  2,921.3     18    %
Net premiums earned                                        $ 3,088.9   $  2,784.4     11    %
Net income attributable to Progressive                     $ 487.4     $  175.9       177   %
Per share available to common shareholders                 $ 0.83      $  0.30        179   %
Total pretax net realized gains (losses) on securities     $ 330.9     $  (33.7   )   NM
Combined ratio                                               92.6         93.4        (0.8) pts
Average diluted equivalent common shares                     587.7        587.0       0     %
NM=Not meaningful
                                 August
(thousands; unaudited) 2020      2019      Change
Policies in Force
Personal Lines
Agency - auto          7,487.0   6,862.4   9   %
Direct - auto          8,714.3   7,641.9   14  %
Total personal auto    16,201.3  14,504.3  12  %
Total special lines    4,891.1   4,562.6   7   %
Total Personal Lines   21,092.4  19,066.9  11  %
Total Commercial Lines 795.4     744.6     7   %
Property business      2,395.4   2,124.4   13  %
Companywide Total      24,283.2  21,935.9  11  %

See Progressive's complete monthly earnings release, including the "Monthly Commentary," for additional information.

About Progressive

The Progressive Group of Insurance Companies makes it easy to understand, buy and use auto insurance. Progressive offers choices so consumers can reach us whenever, wherever and however it's most convenient - online at progressive.com, by phone at 1-800-PROGRESSIVE, on a mobile device or in-person with a local agent.

Progressive provides insurance for personal and commercial autos and trucks, motorcycles, boats, recreational vehicles, and homes; it is the third largest auto insurer in the country, a leading seller of motorcycle and commercial auto insurance, and one of the top 15 homeowners insurance carriers.

Founded in 1937, Progressive continues its long history of offering shopping tools and services that save customers time and money, like Name Your Price, Snapshot, and HomeQuote Explorer.

The Common Shares of The Progressive Corporation, the Mayfield Village, Ohio-based holding company, trade publicly at NYSE:PGR.

Company Contact:

Douglas S. Constantine

(440) 910-3563

investor_relations@progressive.com

The Progressive Corporation

6300 Wilson Mills Road

Mayfield Village, Ohio 44143

http://www.progressive.com

Progressive August 2020 Complete Earnings Release: http://ml.globenewswire.com/Resource/Download/7e7790cb-6b95-4566-ab7d-a55053db50a0

https://ml.globenewswire.com/media/5c9adff5-2e63-4752-8055-4bdb7d2d133f/small/progressive-logo-jpg.jpg

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