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Consolidated Statements of Comprehensive Income - USD ($)
shares in Millions, $ in Millions
12 Months Ended
Dec. 31, 2018
Dec. 31, 2017
Dec. 31, 2016
Revenues      
Net premiums earned $ 30,933.3 $ 25,729.9 $ 22,474.0
Investment income 820.5 563.1 478.9
Net realized gains (losses) on securities:      
Net realized gains (losses) on security sales 170.7    
Net holding period gains (losses) on securities (507.9)    
Net impairment losses recognized in earnings (68.3) (64.5) (86.8)
Total net realized gains (losses) on securities (405.5)    
Net realized gains (losses) on security sales   115.7 155.8
Net holding period gains (losses) on securities   (1.6) (17.9)
Total net realized gains (losses) on securities   49.6 51.1
Fees and other revenues 472.2 370.6 332.5
Service revenues 158.5 126.8 103.3
Other gains (losses) 0.0 (1.0) 1.6
Total revenues 31,979.0 26,839.0 23,441.4
Expenses      
Losses and loss adjustment expenses 21,721.0 18,808.0 16,879.6
Policy acquisition costs 2,573.7 2,124.9 1,863.8
Other underwriting expenses 4,195.8 3,480.7 2,972.0
Investment expenses 24.3 23.9 22.4
Service expenses 134.1 109.5 92.0
Interest expense 166.5 153.1 140.9
Total expenses 28,815.4 24,700.1 21,970.7
Net Income      
Income before income taxes 3,163.6 2,138.9 1,470.7
Provision for income taxes 542.6 540.8 413.5
Net income 2,621.0 1,598.1 1,057.2
Net (income) loss attributable to noncontrolling interest (NCI) (5.7) (5.9) (26.2)
Net income attributable to Progressive 2,615.3 1,592.2 1,031.0
Changes in:      
Total net unrealized gains (losses) on securities (99.3) 355.4 130.6
Net unrealized losses on forecasted transactions 0.8 (5.4) (1.2)
Foreign currency translation adjustment 0.0 1.1 0.4
Other comprehensive income (loss) (98.5) 351.1 129.8
Other comprehensive (income) loss attributable to NCI 3.3 (2.3) 3.2
Comprehensive income attributable to Progressive 2,520.1 1,941.0 1,164.0
Computation of Earnings Per Common Share      
Net income attributable to Progressive 2,615.3 1,592.2 1,031.0
Less: Preferred share dividends 21.4 0.0 0.0
Net income available to common shareholders $ 2,593.9 $ 1,592.2 $ 1,031.0
Average common shares outstanding — Basic 582.4 580.8 581.7
Net effect of dilutive stock-based compensation 4.3 4.9 3.3
Total average equivalent common shares — Diluted 586.7 585.7 585.0
Basic: Earnings per share (usd per share) $ 4.45 $ 2.74 $ 1.77
Diluted: Earnings per share (usd per share) $ 4.42 $ 2.72 $ 1.76