Progressive 2014 Annual Report Download - page 83

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The Progressive Corporation and Subsidiaries
Quarterly Financial and Common Share Data
(unaudited)
(millions – except per share amounts)
Net Income Stock Price1
Quarter
Total
Revenues Total
Per
Share2High Low Close
Rate of
Return3
Dividends
Declared
Per Share4
2014
1 $ 4,707.6 $ 321.3 $0.54 $27.30 $22.53 $24.22 $ 0
2 4,741.5 293.4 0.49 26.03 23.40 25.36 0
3 4,766.1 296.1 0.50 25.63 23.20 25.28 0
4 5,176.2 370.2 0.63 27.52 24.16 26.99 0.6862
$19,391.4 $1,281.0 $2.15 $27.52 $22.53 $26.99 5.3% $0.6862
2013
1 $ 4,437.2 $ 308.6 $0.51 $25.38 $21.36 $25.27 $ 0
2 4,593.6 324.6 0.54 26.39 23.99 25.42 0
3 4,521.3 232.4 0.39 27.55 24.86 27.23 0
4 4,618.8 299.8 0.50 28.54 25.81 27.27 1.4929
$18,170.9 $1,165.4 $1.93 $28.54 $21.36 $27.27 30.9% $1.4929
2012
1 $ 4,126.4 $ 257.6 $0.42 $23.37 $19.01 $23.18 $ 0
2 4,183.0 118.6 0.19 23.41 20.22 20.83 0
3 4,423.9 277.0 0.46 21.28 19.17 20.74 0
4 4,350.6 249.1 0.41 23.19 20.68 21.10 1.2845
$17,083.9 $ 902.3 $1.48 $23.41 $19.01 $21.10 15.4% $1.2845
1Prices are as reported on the consolidated transaction reporting system. Progressive’s common shares are listed on the New York Stock
Exchange under the symbol PGR.
2The sum may not equal the total because the average equivalent shares differ in the quarterly and annual periods.
3Represents annual rate of return, assuming dividend reinvestment.
4Progressive maintains an annual variable dividend policy under which a dividend is typically declared each December and paid early the following
year. In addition to the annual variable dividend, in each of December 2013 and October 2012, Progressive’s Board declared a special cash
dividend of $1.00 per common share. The December 2013 special dividend was paid in February 2014. The October 2012 special dividend was
paid in November 2012.
App.-A-82