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Consolidated Statements of Comprehensive Income - USD ($)
shares in Millions, $ in Millions
12 Months Ended
Dec. 31, 2017
Dec. 31, 2016
Dec. 31, 2015
Revenues      
Net premiums earned $ 25,729.9 $ 22,474.0 $ 19,899.1
Investment income 563.1 478.9 454.6
Net realized gains (losses) on securities:      
Net impairment losses recognized in earnings (64.5) (86.8) (23.8)
Net realized gains (losses) on securities 114.1 137.9 136.5
Total net realized gains (losses) on securities 49.6 51.1 112.7
Fees and other revenues 370.6 332.5 302.0
Service revenues 126.8 103.3 86.3
Other (gains) losses (1.0) 1.6 (0.9)
Total revenues 26,839.0 23,441.4 20,853.8
Expenses      
Losses and loss adjustment expenses 18,808.0 16,879.6 14,342.0
Policy acquisition costs 2,124.9 1,863.8 1,651.8
Other underwriting expenses 3,480.7 2,972.0 2,712.1
Investment expenses 23.9 22.4 22.8
Service expenses 109.5 92.0 77.5
Interest expense 153.1 140.9 136.0
Total expenses 24,700.1 21,970.7 18,942.2
Net Income      
Income before income taxes 2,138.9 1,470.7 1,911.6
Provision for income taxes 540.8 413.5 611.1
Net income 1,598.1 1,057.2 1,300.5
Net (income) loss attributable to noncontrolling interest (NCI) (5.9) (26.2) (32.9)
Net income attributable to Progressive 1,592.2 1,031.0 1,267.6
Changes in:      
Total net unrealized gains on securities 355.4 130.6 (212.9)
Net unrealized losses on forecasted transactions (5.4) (1.2) (9.7)
Foreign currency translation adjustment 1.1 0.4 (1.2)
Other comprehensive income (loss) 351.1 129.8 (223.8)
Other comprehensive (income) loss attributable to NCI (2.3) 3.2 1.1
Comprehensive income attributable to Progressive $ 1,941.0 $ 1,164.0 $ 1,044.9
Computation of Per Share Earnings Attributable to Progressive      
Average shares outstanding — Basic 580.8 581.7 585.5
Net effect of dilutive stock-based compensation 4.9 3.3 3.7
Total average equivalent shares — Diluted 585.7 585.0 589.2
Basic: Earnings per share (usd per share) $ 2.74 $ 1.77 $ 2.16
Diluted: Earnings per share (usd per share) $ 2.72 $ 1.76 $ 2.15