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Consolidated Statements of Comprehensive Income - USD ($)
shares in Millions, $ in Millions
3 Months Ended 9 Months Ended
Sep. 30, 2017
Sep. 30, 2016
Sep. 30, 2017
Sep. 30, 2016
Revenues        
Net premiums earned $ 6,544.0 $ 5,723.4 $ 18,884.0 $ 16,602.6
Period over prior year period percent change in net premiums earned 14.00%   14.00%  
Investment income $ 142.9 119.3 $ 410.9 352.7
Period over prior year period percent change in investment income 20.00%   17.00%  
Net realized gains (losses) on securities:        
Net impairment losses recognized in earnings $ (43.0) (61.6) $ (57.8) (61.8)
Period Over Prior Year Period, Percent Increase (Decrease), Net Impairment Losses Recognized In Earnings (30.00%)   (6.00%)  
Net realized gains (losses) on securities $ 18.3 40.9 $ 117.1 90.8
Period over prior year period percent change in net realized gains (losses) on securities (55.00%)   29.00%  
Total net realized gains (losses) on securities $ (24.7) (20.7) $ 59.3 29.0
Period over prior year period percent change in total net realized gains (losses) on securities 19.00%   104.00%  
Fees and other revenues $ 96.3 86.8 $ 270.3 248.2
Period over prior year period percent change in fees and other revenues 11.00%   9.00%  
Service revenues $ 33.3 26.2 $ 94.5 77.7
Period over prior year period percent change in service revenues 27.00%   22.00%  
Gains on extinguishment of debt $ 0.0 0.0 $ 0.2 1.6
Percent Increase (Decrease) Gain Loss on Extingiushment of Debt     (88.00%)  
Total revenues $ 6,791.8 5,935.0 $ 19,719.2 17,311.8
Period over prior year period percent change in total revenues 14.00%   14.00%  
Expenses        
Losses and loss adjustment expenses $ 5,050.5 4,398.2 $ 13,928.8 12,554.6
Period over prior year period percent change in losses and loss adjustment expenses 15.00%   11.00%  
Policy acquisition costs $ 540.1 475.4 $ 1,557.2 1,374.6
Period over prior year period percent change in policy acquisition costs 14.00%   13.00%  
Other underwriting expenses $ 877.7 739.6 $ 2,568.3 2,262.2
Period over prior year period percent change in other underwriting expenses 19.00%   14.00%  
Investment expenses $ 5.8 4.8 $ 18.0 14.9
Period over prior year period percent change in investment expenses 21.00%   21.00%  
Service expenses $ 28.9 23.2 $ 81.8 68.5
Period over prior year period percent change in service expenses 25.00%   19.00%  
Interest expense $ 37.4 35.3 $ 117.6 103.8
Period over prior year period percent change in interest expense 6.00%   13.00%  
Total expenses $ 6,540.4 5,676.5 $ 18,271.7 16,378.6
Period over prior year period percent change in total expenses 15.00%   12.00%  
Net Income        
Income before income taxes $ 251.4 258.5 $ 1,447.5 933.2
Period over prior year period percent change in income before income taxes (3.00%)   55.00%  
Provision for income taxes $ 36.6 53.0 $ 429.7 274.1
Period over prior year period percent change in provision for income taxes (31.00%)   57.00%  
Net income $ 214.8 205.5 $ 1,017.8 659.1
Period over prior year period percent change in net income 5.00%   54.00%  
Net (income) loss attributable to noncontrolling interest (NCI) $ 9.2 (6.8) $ (1.9) (11.3)
Period over prior year period percent change in net (income) loss attributable to noncontrolling interest (235.00%)   (83.00%)  
Net income attributable to Progressive $ 224.0 198.7 $ 1,015.9 647.8
Period over prior year period percent change in net income attributable to Progressive 13.00%   57.00%  
Other Comprehensive Income (Loss)        
Total net unrealized gains (losses) on securities $ 75.5 87.1 $ 300.5 248.2
Period over prior year period percent change in total net unrealized gains (losses) on securities (13.00%)   21.00%  
Net unrealized losses on forecasted transactions $ 0.1 (0.3) $ (5.6) (0.9)
Period Over Prior Year Period, Percent Increase (Decrease), Unrealized Gain (Loss) On Forecasted Transactions (133.00%)      
Foreign currency translation adjustment $ 0.6 0.3 $ 0.8 0.7
Period over prior year period percent change in foreign currency translation adjustment 100.00%   14.00%  
Other comprehensive income $ 76.2 87.1 $ 295.7 248.0
Period over prior year period percent change in other comprehensive income (13.00%)   19.00%  
Other comprehensive (income) loss attributable to NCI $ (0.7) 1.2 $ (2.9) (2.3)
Period over prior year period change in Comprehensive (income) loss attributable to NCI (158.00%)   26.00%  
Comprehensive income attributable to Progressive $ 299.5 $ 287.0 $ 1,308.7 $ 893.5
Period over prior year period percent change in comprehensive income 4.00%   46.00%  
Computation of Per Share Earnings Attributable to Progressive        
Average shares outstanding - Basic 581.3 581.5 580.7 582.4
Period over prior year period percent change in average shares outstanding - basic 0.00%   0.00%  
Net effect of dilutive stock-based compensation 4.3 3.1 5.0 3.2
Period over prior year period percent change in net effect of dilutive stock-based compensation 39.00%   56.00%  
Total average equivalent shares - Diluted 585.6 584.6 585.7 585.6
Period over prior year period percent change in total equivalent shares - diluted 0.00%   0.00%  
Basic: Earnings per share $ 0.39 $ 0.34 $ 1.75 $ 1.11
Period over prior year period percent change in basic: earnings per share 13.00%   57.00%  
Diluted: Earnings per share $ 0.38 0.34 $ 1.73 1.11
Period over prior year period percent change in diluted: earnings per share 13.00%   57.00%  
Dividends declared per share [1] $ 0 $ 0 $ 0 $ 0
[1] Progressive maintains an annual dividend program. See Note 9 – Dividends for further discussion.