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Consolidated Statements of Comprehensive Income - USD ($)
shares in Millions, $ in Millions
 3 Months Ended 9 Months Ended
Sep. 30, 2020
Sep. 30, 2019
Sep. 30, 2020
Sep. 30, 2019
Revenues        
Net premiums earned $ 9,973.5 $ 9,012.2 $ 29,052.8 $ 26,296.7
Investment income 230.5 263.0 715.5 777.2
Net realized gains (losses) on securities:        
Net realized gains (losses) on security sales 195.9 71.7 771.1 185.3
Net holding period gains (losses) on securities 336.7 31.8 98.7 536.9
Net impairment losses recognized in earnings 0.0 (38.1) 0.0 (62.4)
Total net realized gains (losses) on securities 532.6 65.4 869.8 659.8
Fees and other revenues 151.8 138.4 434.8 403.4
Service revenues 58.8 51.5 169.4 144.1
Total revenues 10,947.2 9,530.5 31,242.3 28,281.2
Expenses        
Losses and loss adjustment expenses 6,713.1 6,426.3 18,189.7 18,323.4
Policy acquisition costs 835.2 751.5 2,413.5 2,200.7
Other underwriting expenses 1,330.9 1,240.3 4,179.7 3,643.0
Policyholder credit expense 29.0 0.0 1,062.4 0.0
Investment expenses 4.7 5.9 14.5 18.3
Service expenses 54.4 48.7 154.7 132.1
Interest expense 56.4 47.5 160.8 142.3
Total expenses 9,023.7 8,520.2 26,175.3 24,459.8
Net Income        
Income before income taxes 1,923.5 1,010.3 5,067.0 3,821.4
Provision for income taxes 392.7 166.7 1,046.7 916.0
Net income 1,530.8 843.6 4,020.3 2,905.4
Net (income) loss attributable to noncontrolling interest (NCI) 0.0 (1.9) 0.0 (5.9)
Net income attributable to Progressive 1,530.8 841.7 4,020.3 2,899.5
Other Comprehensive Income (Loss)        
Total net unrealized gains (losses) on fixed-maturity securities (24.6) 58.1 605.6 636.6
Net unrealized losses on forecasted transactions 0.2 0.2 0.6 0.6
Other comprehensive income (loss) (24.4) 58.3 606.2 637.2
Other comprehensive (income) loss attributable to NCI 0.0 (0.9) 0.0 (5.8)
Comprehensive income attributable to Progressive 1,506.4 899.1 4,626.5 3,530.9
Computation of Earnings Per Common Share        
Net income attributable to Progressive 1,530.8 841.7 4,020.3 2,899.5
Less: Preferred share dividends 6.7 6.7 20.1 20.1
Net income available to common shareholders $ 1,524.1 $ 835.0 $ 4,000.2 $ 2,879.4
Average common shares outstanding - Basic 585.1 584.1 584.9 583.7
Net effect of dilutive stock-based compensation 2.7 3.0 2.8 3.6
Total average equivalent common shares - Diluted 587.8 587.1 587.7 587.3
Basic: Earnings per common share $ 2.60 $ 1.43 $ 6.84 $ 4.93
Diluted: Earnings per common share $ 2.59 $ 1.42 $ 6.81 $ 4.90