Progressive Insurance Corporation reported $126.5 million in net profits for February compared with $127.7 for the same period in 2005.
The Mayfield, Ohio-based property-casualty insurer also reported net premiums written for the month rose 2 percent to $1.2 billion compared with the same 2005 period.
Progressive's February financial results reveal decreasing profits in the personal lines auto market, one analyst noted.
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