Progressive
Q4 2022 Earnings Call
Feb 28, 2023, 9:30 a.m. ET
Contents:
- Prepared Remarks
- Questions and Answers
- Call Participants
Prepared Remarks:
Doug Constantine
Good morning and thank you for joining us today for Progressive's fourth-quarter investor event. I am Doug Constantine, director of investor relations, and I will be moderator for today's event. The company will not make detailed comments related to its results in addition to those provided in its annual report on Form 10-K, quarterly reports on Form 10-Q, and the letter to shareholders, which have been posted to the company's website. This quarter includes a presentation on a specific portion of our business, followed by a question-and-answer session with members of our leadership team.
The introductory comments by our CEO and the presentation were previously recorded. Upon completion of the previously recorded remarks, we will use the balance of the 90 minutes scheduled for this event for live questions and answers with the leaders featured in our recorded remarks, as well as other members of our management team. As always, discussions in this event may include forward-looking statements. These statements are based on management's current expectations and are subject to many risks and uncertainties that could cause actual events and results to differ materially from those discussed during today's event.
Additional information concerning those risks and uncertainties is available in our annual report on Form 10-K for the year ended December 31st, 2022, where you will find discussions of the risk factors affecting our businesses, safe harbor statements related to forward-looking statements, and other discussions of the challenges we face. These documents can be found via the Investor Relations section of our website at investors.progressive.com. To begin today, I'm pleased to introduce our CEO, Tricia Griffith, who will kick us off with some introductory comments. Tricia.
Tricia Griffith -- Chief Executive Officer
Good morning and thank you for joining us today. 2022 was among the toughest years of Progressive's 85 years. The continued effects of the pandemic, high inflation, and the largest hurricane in our history all played a role in the tumultuous environment. Throughout these challenges, Progressive people came together in unity and delivered once again, beating our goal of a calendar year 96 combined ratio while growing both written premiums and policies in force.
The pride that I feel in all of the people of Progressive is indescribable. We have met all challenges head on and continued to deliver the best-in-class results our stakeholders expect. Our ability to meet these challenges is embedded in our culture, which is built on our newly updated four cornerstones, which are who we are, which is our core values; why we are here, which is our purpose. We revised our purpose to be: We exist to help people move forward and live fully.