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Consolidated Statements of Comprehensive Income - USD ($)
shares in Millions, $ in Millions
3 Months Ended 6 Months Ended
Jun. 30, 2017
Jun. 30, 2016
Jun. 30, 2017
Jun. 30, 2016
Revenues        
Net premiums earned $ 6,313.3 $ 5,561.8 $ 12,340.0 $ 10,879.2
Period over prior year period percent change in net premiums earned 14.00%   13.00%  
Investment income $ 138.8 114.6 $ 268.0 233.4
Period over prior year period percent change in investment income 21.00%   15.00%  
Net realized gains (losses) on securities:        
Net impairment losses recognized in earnings $ (13.8) (0.2) $ (14.8) (0.2)
Net realized gains (losses) on securities $ 45.9 32.5 $ 98.8 49.9
Period over prior year period percent change in net realized gains (losses) on securities 41.00%   98.00%  
Total net realized gains (losses) on securities $ 32.1 32.3 $ 84.0 49.7
Period over prior year period percent change in total net realized gains (losses) on securities (1.00%)   69.00%  
Fees and other revenues $ 88.8 82.5 $ 174.0 161.4
Period over prior year period percent change in fees and other revenues 8.00%   8.00%  
Service revenues $ 32.7 26.5 $ 61.2 51.5
Period over prior year period percent change in service revenues 23.00%   19.00%  
Gains on extinguishment of debt $ 0.0 1.6 $ 0.2 1.6
Percent Increase (Decrease) Gain Loss on Extingiushment of Debt (100.00%)   (88.00%)  
Total revenues $ 6,605.7 5,819.3 $ 12,927.4 11,376.8
Period over prior year period percent change in total revenues 14.00%   14.00%  
Expenses        
Losses and loss adjustment expenses $ 4,614.9 4,243.0 $ 8,878.3 8,156.4
Period over prior year period percent change in losses and loss adjustment expenses 9.00%   9.00%  
Policy acquisition costs $ 514.2 458.9 $ 1,017.1 899.2
Period over prior year period percent change in policy acquisition costs 12.00%   13.00%  
Other underwriting expenses $ 845.0 766.8 $ 1,690.6 1,522.6
Period over prior year period percent change in other underwriting expenses 10.00%   11.00%  
Investment expenses $ 6.6 5.3 $ 12.2 10.1
Period over prior year period percent change in investment expenses 25.00%   21.00%  
Service expenses $ 27.0 23.7 $ 52.9 45.3
Period over prior year period percent change in service expenses 14.00%   17.00%  
Interest expense $ 43.4 34.3 $ 80.2 68.5
Period over prior year period percent change in interest expense 27.00%   17.00%  
Total expenses $ 6,051.1 5,532.0 $ 11,731.3 10,702.1
Period over prior year period percent change in total expenses 9.00%   10.00%  
Net Income        
Income before income taxes $ 554.6 287.3 $ 1,196.1 674.7
Period over prior year period percent change in income before income taxes 93.00%   77.00%  
Provision for income taxes $ 181.9 92.4 $ 393.1 221.1
Period over prior year period percent change in provision for income taxes 97.00%   78.00%  
Net income $ 372.7 194.9 $ 803.0 453.6
Period over prior year period percent change in net income 91.00%   77.00%  
Net (income) loss attributable to noncontrolling interest (NCI) $ (5.1) (4.0) $ (11.1) (4.5)
Period over prior year period percent change in net (income) loss attributable to noncontrolling interest 28.00%   147.00%  
Net income attributable to Progressive $ 367.6 190.9 $ 791.9 449.1
Period over prior year period percent change in net income attributable to Progressive 93.00%   76.00%  
Other Comprehensive Income (Loss)        
Total net unrealized gains (losses) on securities $ 92.6 91.6 $ 225.0 161.1
Period over prior year period percent change in total net unrealized gains (losses) on securities 1.00%   40.00%  
Net unrealized losses on forecasted transactions $ (8.0) (0.3) $ (5.7) (0.6)
Foreign currency translation adjustment $ (0.1) (0.1) $ 0.2 0.4
Period over prior year period percent change in foreign currency translation adjustment 0.00%   (50.00%)  
Other comprehensive income $ 84.5 91.2 $ 219.5 160.9
Period over prior year period percent change in other comprehensive income (7.00%)   36.00%  
Other comprehensive (income) loss attributable to NCI $ (1.3) (1.4) $ (2.2) (3.5)
Period over prior year period change in Comprehensive (income) loss attributable to NCI (7.00%)   (37.00%)  
Comprehensive income attributable to Progressive $ 450.8 $ 280.7 $ 1,009.2 $ 606.5
Period over prior year period percent change in comprehensive income 61.00%   66.00%  
Computation of Per Share Earnings Attributable to Progressive        
Average shares outstanding - Basic 580.5 582.4 580.4 582.8
Period over prior year period percent change in average shares outstanding - basic 0.00%   0.00%  
Net effect of dilutive stock-based compensation 3.3 2.7 3.1 2.5
Period over prior year period percent change in net effect of dilutive stock-based compensation 22.00%   24.00%  
Total average equivalent shares - Diluted 583.8 585.1 583.5 585.3
Period over prior year period percent change in total equivalent shares - diluted 0.00%   0.00%  
Basic: Earnings per share $ 0.63 $ 0.33 $ 1.36 $ 0.77
Period over prior year period percent change in basic: earnings per share 93.00%   77.00%  
Diluted: Earnings per share $ 0.63 0.33 $ 1.36 0.77
Period over prior year period percent change in diluted: earnings per share 93.00%   77.00%  
Dividends declared per share [1] $ 0 $ 0 $ 0 $ 0
[1] Progressive maintains an annual dividend program. See Note 9 – Dividends for further discussion.