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Consolidated Statements of Comprehensive Income - USD ($)
shares in Millions, $ in Millions
12 Months Ended
Dec. 31, 2015
Dec. 31, 2014
Dec. 31, 2013
Revenues      
Net premiums earned $ 19,899.1 $ 18,398.5 $ 17,103.4
Investment income 454.6 408.4 422.0
Other-than-temporary impairment (OTTI) losses:      
Total OTTI losses (23.8) (7.9) (6.0)
Non-credit losses, net of credit losses recognized on previously recorded non-credit OTTI losses 0.0 0.0 (0.1)
Net impairment losses recognized in earnings (23.8) (7.9) (6.1)
Net realized gains (losses) on securities 136.5 232.1 324.5
Total net realized gains (losses) on securities 112.7 224.2 318.4
Fees and other revenues 302.0 309.1 291.8
Service revenues 86.3 56.0 39.6
Gains (losses) on extinguishment of debt (0.9) (4.8) (4.3)
Total revenues 20,853.8 19,391.4 18,170.9
Expenses      
Losses and loss adjustment expenses 14,342.0 13,306.2 12,472.4
Policy acquisition costs 1,651.8 1,524.0 1,451.8
Other underwriting expenses 2,712.1 2,467.1 2,350.9
Investment expenses 22.8 18.9 18.8
Service expenses 77.5 50.9 38.8
Interest expense 136.0 116.9 118.2
Total expenses 18,942.2 17,484.0 16,450.9
Net Income      
Income before income taxes 1,911.6 1,907.4 1,720.0
Provision for income taxes 611.1 626.4 554.6
Cash flow hedge gain reclassification from accumulated other comprehensive income to net realized gains/losses on securities 1,300.5 1,281.0 1,165.4
Net Income (Loss) Attributable to Noncontrolling Interest 32.9 0.0 0.0
Net income attributable to Progressive 1,267.6 1,281.0 1,165.4
Net unrealized gains (losses) on securities:      
Net non-credit related OTTI losses, adjusted for valuation changes 0.0 0.0 0.3
Other net unrealized gains (losses) on securities (212.9) 74.9 84.0
Total net unrealized gains (losses) on securities (212.9) 74.9 84.3
Net unrealized gains on forecasted transactions (9.7) (2.6) (2.0)
Foreign currency translation adjustment (1.2) (0.9) (1.6)
Other comprehensive income (loss) (223.8) 71.4 80.7
Other Comprehensive Income (Loss), Net of Tax, Portion Attributable to Noncontrolling Interest (1.1) 0.0 0.0
Comprehensive Income (Loss), Net of Tax, Attributable to Parent $ 1,044.9 $ 1,352.4 $ 1,246.1
Computation of Net Income Per Share      
Average shares outstanding - Basic (shares) 585.5 590.6 599.1
Net effect of dilutive stock-based compensation (shares) 3.7 4.2 4.5
Total equivalent shares - Diluted (shares) 589.2 594.8 603.6
Basic: Net income per share (USD per share) $ 2.16 $ 2.17 $ 1.95
Diluted: Net income per share (USD per share) $ 2.15 $ 2.15 $ 1.93