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8th grade Avg
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New words:
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Removed:
adding, America, calculated, declaring, disseminated, gained, mitigate, Norman, recoverable, September, writing
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Exhibit 11
THE PROGRESSIVE CORPORATION
COMPUTATION OF EARNINGS PER SHARE
(millions - except per share amounts)
Years Ended December 31, | ||||||||||||
2012 | 2011 | 2010 | ||||||||||
Net Income | $ | 902.3 | $ | 1,015.5 | $ | 1,068.3 | ||||||
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Computation of Net Income Per Share | ||||||||||||
Average shares outstanding - Basic | 603.3 | 632.3 | 657.9 | |||||||||
Net effect of dilutive stock-based compensation | 4.5 | 4.6 | 5.4 | |||||||||
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Total equivalent shares - Diluted | 607.8 | 636.9 | 663.3 | |||||||||
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Basic: Net income per share | $ | 1.50 | $ | 1.61 | $ | 1.62 | ||||||
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Diluted: Net income per share | $ | 1.48 | $ | 1.59 | $ | 1.61 | ||||||
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