前进保险Progressive (PGR) 2019年年度报告「NYSE」.pdf

1、The Progressive Corporation2019 Annual Report2Financial Highlights 2 Four Cornerstones 4 Letter to Shareholders 8 Operations Summary 24 Objectives&Policies 34 Financial Review 40 Safe Harbor Statement 49 Corporate Information 50 Directors&Officers 51 Jeffrey Gibson,A CHANGE IS GONNA COMEthink For th

2、is years annual report,we chose“think broadly”as the theme and selected the work of 30 multicultural artists from Progressives expanding collection of contemporary art.This diverse set of artists reflects our versatility as an organization as well as our willingness to step back and assess the many

3、potential ways with which to grow.The painting on the cover and opposite page,A CHANGE IS GONNA COME,was created by artist Jeffrey Gibson,who combines indigenous history and textiles with words he believes resonate not only for Native American people but people of all backgrounds.Gibson states,“Ulti

4、mately,everyone is at an inter-section of multiple cultures,times,histories.The world is shifting and changing and if youre engaged in the world,you are also shifting and changing.”At Progressive,we relish change and know that its not only inevitable,but exciting and it fuels us to come to work ever

5、y day with a mindset to win,and win in the right way.The multiple vantage points shown throughout this report offer a glimpse into our unique company culture and enduring business.broadly2Five-Year Financial Highlights(billions except per share amounts)(billions except shares outstanding,per share a

6、mounts,and policies in force)2019 2018 2017 2016 2015For the Year Net premiums written$37.6$32.6$27.1$23.4$20.6 Growth over prior year 15%20%16%14%10%Net premiums earned$36.2$30.9$25.7$22.5$19.9 Growth over prior year 17%20%14%13%8%Total revenues$39.0$32.0$26.8$23.4$20.9Net income attributable to Pr