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Consolidated Statements of Comprehensive Income - USD ($)
shares in Millions, $ in Millions
3 Months Ended 6 Months Ended
Jun. 30, 2015
Jun. 30, 2014
Jun. 30, 2015
Jun. 30, 2014
Revenues        
Net premiums earned $ 4,995.8 $ 4,513.5 $ 9,662.1 $ 8,915.8
Period over prior year period percent change in net premiums earned 11.00%   8.00%  
Investment income $ 113.3 99.2 $ 218.4 202.5
Period over prior year period percent change in investment income 14.00%   8.00%  
Other-than-temporary impairment (OTTI) losses:        
Net impairment losses recognized in earnings $ (1.7) 0.0 $ (9.6) 0.0
Net realized gains (losses) on securities $ 77.7 40.4 $ 118.6 159.8
Period over prior year period percent change in net realized gains (losses) on securities 92.00%   (26.00%)  
Total net realized gains (losses) on securities $ 76.0 40.4 $ 109.0 159.8
Period over prior year period percent change in total net realized gains (losses) on securities 88.00%   (32.00%)  
Fees and other revenues $ 74.9 74.4 $ 148.6 147.2
Period over prior year period percent change in fees and other revenues 1.00%   1.00%  
Service revenues $ 23.3 14.0 $ 40.5 23.8
Period over prior year period percent change in service revenues 66.00%   70.00%  
Total revenues $ 5,283.3 4,741.5 $ 10,178.6 9,449.1
Period over prior year period percent change in total revenues 11.00%   8.00%  
Expenses        
Losses and loss adjustment expenses $ 3,617.2 3,269.1 $ 6,985.8 6,475.0
Period over prior year period percent change in losses and loss adjustment expenses 11.00%   8.00%  
Policy acquisition costs $ 417.3 374.8 $ 796.7 743.8
Period over prior year period percent change in policy acquisition costs 11.00%   7.00%  
Other underwriting expenses $ 662.4 611.7 $ 1,312.8 1,222.1
Period over prior year period percent change in other underwriting expenses 8.00%   7.00%  
Investment expenses $ 5.7 6.0 $ 11.0 10.1
Period over prior year period percent change in investment expenses (5.00%)   9.00%  
Service expenses $ 20.5 12.9 $ 36.4 22.6
Period over prior year period percent change in service expenses 59.00%   61.00%  
Interest expense $ 34.9 29.6 $ 67.4 56.3
Period over prior year period percent change in interest expense 18.00%   20.00%  
Total expenses $ 4,758.0 4,304.1 $ 9,210.1 8,529.9
Period over prior year period percent change in total expenses 11.00%   8.00%  
Net Income        
Income before income taxes $ 525.3 437.4 $ 968.5 919.2
Period over prior year period percent change in income before income taxes 20.00%   5.00%  
Provision for income taxes $ 156.8 144.0 $ 304.4 304.5
Period over prior year period percent change in provision for income taxes 9.00%   0.00%  
Period over prior year period percent change in net income 26.00%   8.00%  
Net Income (Loss), Including Portion Attributable to Noncontrolling Interest $ 368.5 293.4 $ 664.1 614.7
Net Income (Loss) Attributable to Noncontrolling Interest 5.2 0.0 5.2 0.0
Net Income (Loss) Attributable to Parent $ 363.3 293.4 $ 658.9 614.7
Period over Prior Year Period Percent Change Net Income Attributable to Parent 24.00%   7.00%  
Net unrealized gains (losses) on securities:        
Total net unrealized gains (losses) on securities $ (149.8) 88.4 $ (114.4) 88.3
Period over prior year period percent change in total net unrealized gains (losses) on securities (269.00%)   (230.00%)  
Net unrealized gains (losses) on forecasted transactions $ (0.3) (1.3) $ (9.0) (1.6)
Period over prior year period percent change in net unrealized gains on forecasted transactions (77.00%)   463.00%  
Foreign currency translation adjustment $ 0.0 0.5 $ (0.5) 0.5
Period over prior year period percent change in foreign currency translation adjustment (100.00%)   (200.00%)  
Comprehensive Income (Loss), Net of Tax, Including Portion Attributable to Noncontrolling Interest $ (150.1) 87.6 $ (123.9) 87.2
Period over prior year period percent change in other comprehensive income (loss) (271.00%)   (242.00%)  
Other Comprehensive Income (Loss), Net of Tax, Portion Attributable to Noncontrolling Interest $ 2.8 0.0 $ 2.8 0.0
Comprehensive income $ 216.0 $ 381.0 $ 537.8 $ 701.9
Period over prior year period percent change in comprehensive income (43.00%)   (23.00%)  
Computation of Net Income Per Share        
Average shares outstanding - Basic (shares) 585.7 591.2 586.6 592.6
Period over prior year period percent change in average shares outstanding - basic (1.00%)   (1.00%)  
Net effect of dilutive stock-based compensation (shares) 3.8 4.3 3.7 4.0
Period over prior year period percent change in net effect of dilutive stock-based compensation (12.00%)   (8.00%)  
Total equivalent shares - Diluted (shares) 589.5 595.5 590.3 596.6
Period over prior year period percent change in total equivalent shares - diluted (1.00%)   (1.00%)  
Basic: Net income per share (USD per share) $ 0.62 $ 0.50 $ 1.12 $ 1.04
Period over prior year period percent change in basic: net income per share 25.00%   8.00%  
Diluted: Net income per share (USD per share) $ 0.62 0.49 $ 1.12 1.03
Period over prior year period percent change in diluted: net income per share 25.00%   8.00%  
Dividends declared per share (USD per share) [1] $ 0 $ 0 $ 0 $ 0
[1] 1Progressive maintains an annual dividend program. See Note 8 - Dividends for further discussion.See notes to consolidated financial statements.