Progressive Posts Higher Profit
NU Online News Service, Oct. 23, 12:15 p.m. EDT?The Progressive Corporation reported third-quarter net income of $319.8 million?a 79 percent increase from the $178.5 million profit posted one year ago?thanks to increased premium rates from last year, management said.
The Mayfield Village, Ohio-based insurer's net premiums written improved in its latest quarter to reach $3.10 billion, up 25 percent from the year-ago period. Net premiums earned also rose to $2.93 billion, a 36 percent jump from the 2002 third quarter.
Recommended For You
Want to continue reading?
Become a Free PropertyCasualty360 Digital Reader
Your access to unlimited PropertyCasualty360 content isn’t changing.
Once you are an ALM digital member, you’ll receive:
- Breaking insurance news and analysis, on-site and via our newsletters and custom alerts
- Weekly Insurance Speak podcast featuring exclusive interviews with industry leaders
- Educational webcasts, white papers, and ebooks from industry thought leaders
- Critical converage of the employee benefits and financial advisory markets on our other ALM sites, BenefitsPRO and ThinkAdvisor
Already have an account? Sign In Now
© 2025 ALM Global, LLC, All Rights Reserved. Request academic re-use from www.copyright.com. All other uses, submit a request to [email protected]. For more information visit Asset & Logo Licensing.
