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Consolidated Statements of Comprehensive Income (USD $)
In Millions, except Per Share data, unless otherwise specified
3 Months Ended 6 Months Ended
Jun. 30, 2014
Jun. 30, 2013
Jun. 30, 2014
Jun. 30, 2013
Revenues        
Net premiums earned $ 4,513.5 $ 4,277.0 $ 8,915.8 $ 8,456.3
Period over prior year period percent change in net premiums earned 6.00%   5.00%  
Investment income 99.2 102.2 202.5 202.7
Period over prior year period percent change in investment income (3.00%)   0.00%  
Other-than-temporary impairment (OTTI) losses:        
Total OTTI losses 0 (1.5) 0 (1.7)
Period over prior year period percent change in total OTTI losses (100.00%)   (100.00%)  
Non-credit losses, net of credit losses recognized on previously recorded non-credit OTTI losses 0 (0.1) 0 (0.1)
Period over prior year period percent change in non-credit losses, net of credit losses recognized on previously recorded non-credit other than temporary impairment losses (100.00%)   (100.00%)  
Net impairment losses recognized in earnings 0 (1.6) 0 (1.8)
Period over prior year period percent change in net impairment losses recognized in earnings (100.00%)   (100.00%)  
Net realized gains (losses) on securities 40.4 134.5 159.8 215.3
Period over prior year period percent change in net realized gains (losses) on securities (70.00%)   (26.00%)  
Total net realized gains (losses) on securities 40.4 132.9 159.8 213.5
Period over prior year period percent change in total net realized gains (losses) on securities (70.00%)   (25.00%)  
Fees and other revenues 74.4 70.9 147.2 139.3
Period over prior year period percent change in fees and other revenues 5.00%   6.00%  
Service revenues 14.0 10.6 23.8 19.0
Period over prior year period percent change in service revenues 32.00%   25.00%  
Total revenues 4,741.5 4,593.6 9,449.1 9,030.8
Period over prior year period percent change in total revenues 3.00%   5.00%  
Expenses        
Losses and loss adjustment expenses 3,269.1 3,117.0 6,475.0 6,102.5
Period over prior year period percent change in losses and loss adjustment expenses 5.00%   6.00%  
Policy acquisition costs 374.8 364.0 743.8 722.9
Period over prior year period percent change in policy acquisition costs 3.00%   3.00%  
Other underwriting expenses 611.7 581.1 1,222.1 1,166.7
Period over prior year period percent change in other underwriting expenses 5.00%   5.00%  
Investment expenses 6.0 4.4 10.1 9.3
Period over prior year period percent change in investment expenses 36.00%   9.00%  
Service expenses 12.9 10.4 22.6 19.0
Period over prior year period percent change in service expenses 24.00%   19.00%  
Interest expense 29.6 30.4 56.3 61.0
Period over prior year period percent change in interest expense (3.00%)   (8.00%)  
Total expenses 4,304.1 4,107.3 8,529.9 8,081.4
Period over prior year period percent change in total expenses 5.00%   6.00%  
Net Income        
Income before income taxes 437.4 486.3 919.2 949.4
Period over prior year period percent change in income before income taxes (10.00%)   (3.00%)  
Provision for income taxes 144.0 161.7 304.5 316.2
Period over prior year period percent change in provision for income taxes (11.00%)   (4.00%)  
Net income 293.4 324.6 614.7 633.2
Period over prior year period percent change in net income (10.00%)   (3.00%)  
Net unrealized gains (losses) on securities:        
Net non-credit related OTTI losses, adjusted for valuation changes 0 0.1 0 0.3
Period over prior year period percent change in net non-credit related OTTI losses, adjusted for valuation changes (100.00%)   (100.00%)  
Other net unrealized gains (losses) on securities 88.4 (154.4) 88.3 (55.4)
Period over prior year period percent change in other net unrealized gains (losses) on securities (157.00%)   (259.00%)  
Total net unrealized gains (losses) on securities 88.4 (154.3) 88.3 (55.1)
Period over prior year period percent change in total net unrealized gains (losses) on securities (157.00%)   (260.00%)  
Net unrealized gains on forecasted transactions (1.3) (0.4) (1.6) (0.7)
Period over prior year period percent change in net unrealized gains on forecasted transactions 225.00%   129.00%  
Foreign currency translation adjustment 0.5 (0.8) 0.5 (1.0)
Period over prior year period percent change in foreign currency translation adjustment (163.00%)   (150.00%)  
Other comprehensive income (loss) 87.6 (155.5) 87.2 (56.8)
Period over prior year period percent change in other comprehensive income (loss) (156.00%)   (254.00%)  
Comprehensive income $ 381.0 $ 169.1 $ 701.9 $ 576.4
Period over prior year period percent change in comprehensive income 125.00%   22.00%  
Computation of Net Income Per Share        
Average shares outstanding - Basic (shares) 591.2 599.5 592.6 600.1
Period over prior year period percent change in average shares outstanding - basic (1.00%)   (1.00%)  
Net effect of dilutive stock-based compensation (shares) 4.3 4.1 4.0 3.9
Period over prior year period percent change in net effect of dilutive stock-based compensation 5.00%   3.00%  
Total equivalent shares - Diluted (shares) 595.5 603.6 596.6 604.0
Period over prior year period percent change in total equivalent shares - diluted (1.00%)   (1.00%)  
Basic: Net income per share (USD per share) $ 0.50 $ 0.54 $ 1.04 $ 1.06
Period over prior year period percent change in basic: net income per share (8.00%)   (2.00%)  
Diluted: Net income per share (USD per share) $ 0.49 $ 0.54 $ 1.03 $ 1.05
Period over prior year period percent change in diluted: net income per share (8.00%)   (2.00%)  
Dividends declared per share (USD per share) $ 0 [1] $ 0 [1] $ 0 [1] $ 0 [1]
[1] Progressive maintains an annual dividend program. See Note 8 - Dividends for further discussion.