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Progressive Net Drops In August

Progressive Corp. reported that August net income compared with that period last year was down 37 percent after a decrease in net premiums written and ...

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Progressive Corp. reported that August net income compared with that period last year was down 37 percent after a decrease in net premiums written and net premiums earned.

The nation’s third-largest auto insurer, based in Mayfield Village, Ohio, said for the month it earned $76.9 million, or 11 cents a share, compared with $122.7 million, or 16 cents a share, last year.

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