Progressive Corp. (PGR) Income Statement

Loans

-

Investment Securities

-

Lease Financing Income

-

Other Interest Income

-

Federal Funds Sold/Purchased

-

Interest Bearing Deposits

-

Loans Held for Resale

-

Trading Account Securities

-

Time Deposits Placed

-

Other Money Market Investments

-

Total Money Market Investments

-

Total Interest Income

-

Deposits

-

Short-Term Debt

-

Long-Term Debt

-

Federal Funds Sold/Purchased

-

Capitalized Lease Obligations

-

Other Interest Expense

133,500

139,000

136,700

108,600

77,300

Total Interest Income

-

Total Interest Expense

(133,500)

(139,000)

(136,700)

(108,600)

(77,300)

Net Interest Income

(133,500)

(139,000)

(136,700)

(108,600)

(77,300)

Loan Loss Provision

-

Net Interest Income After Loan Loss Provision

(133,500)

(139,000)

(136,700)

(108,600)

(77,300)

Trust Fees by Commissions

-

Service Charge on Deposit Accounts

-

Other Service Charges

25,900

16,700

16,100

22,300

-

Security Transactions

-

(1,445,100)

106,300

-

Premiums Earned

14,314,800

14,012,800

13,631,400

13,877,400

14,117,900

Net Realized Capital Gains

96,100

27,100

-

(9,700)

Investment Banking Profit

520,100

507,000

637,700

680,800

647,800

Other Non-Interest Income

-

30,400

Non-Interest Income

14,956,900

14,563,600

12,840,100

14,686,800

14,786,400

Salaries and Employee Benefits

21,400

19,400

-

Net Occupancy Expense

-

Promotion and Advertising

-

Property/Liability Insurance Claims

10,131,300

9,904,900

10,015,000

9,926,200

9,394,900

Policy Acquisition Costs

1,359,900

1,364,600

2,881,500

2,926,100

2,844,700

Amortization of Deferred Policy Acquisition Costs

-

Current and Future Benefits Expense

-

Other Non-Interest Expense

1,752,000

1,578,800

29,200

32,900

36,300

Income, Acquired in Process R&D

-

Income, Restructuring and M&A

-

Other Special Charges

6,400

-

Non-Interest Expense

(13,264,600)

(12,867,700)

(12,925,700)

(12,885,200)

(12,275,900)

Special Income/Charges

6,400

-

Net Income Before Taxes

1,565,200

1,556,901

(222,300)

1,693,000

2,433,200

Premium Tax (Credit)

-

Minority Interest

-

Income Taxes

(496,900)

(499,400)

152,300

(510,500)

(785,700)

Net Income from Continuing Operations

1,068,300

1,057,500

(70,000)

1,182,500

1,647,500

Net Income from Discontinued Operations

-

Net Income from Total Operations

1,068,300

1,057,500

(70,000)

1,182,500

1,647,500

Extraordinary Income/Loss

-

Income from Cum. Effect of Acct Change

-

Income from Tax Loss Carryforward

-

Other Gains

-

Total Net Income

1,068,300

1,057,500

(70,000)

1,182,500

1,647,500

Normalized Income

1,061,900

1,057,500

(70,000)

1,182,500

1,647,500

Net Income Available for Common

1,068,300

1,057,500

(70,000)

1,182,500

1,647,500

Dividends Paid Per Share

1.16

0.00

0.15

2.00

0.03

Preferred Dividends

-

Basic EPS from Continuing Operations

1.62

1.59

-0.10

1.66

2.13

Basic EPS from Discontinued Operations

0.00

Basic EPS from Total Operations

1.62

1.59

-0.10

1.66

2.13

Basic EPS from Extraordinary Inc

0.00

Basic EPS from Cum. Effect of Acct Chg

0.00

Basic EPS from Tax Loss Carryforward

-

Basic EPS from Other Gains(Loss)

0.00

Basic EPS, Total

1.62

1.59

-0.10

1.66

2.13

Basic Normalized Net Income/Share

1.61

1.59

-0.10

1.66

2.13

Diluted EPS from Continuing Operations

1.61

1.57

-0.10

1.65

2.10

Diluted EPS from Discontinued Operations

0.00

Diluted EPS from Total Operations

1.61

1.57

-0.10

1.65

2.10

Diluted EPS from Extraordinary Inc

0.00

Diluted EPS from Cum. Effect of Acct Chg

0.00

Diluted EPS from Tax Loss Carryforward

0.00

Diluted EPS from Other Gains(Loss)

0.00

Diluted EPS, Total

1.61

1.57

-0.10

1.65

2.10

Diluted Normalized Net Income/Share

1.60

1.57

-0.10

1.65

2.10

Revenues Year-to-Date

14,956,900

14,563,600

12,840,100

14,686,800

14,786,400

Income Year-to-Date from Total Operations

1,068,300

1,057,500

(70,000)

1,182,500

1,647,500

EPS Year-to-Date from Total Operations

1.61

1.57

-0.10

1.65

2.10

Dividends Paid Per Share, Year-to-Date

1.16

0.00

0.15

2.00

0.03