NU Online News Service, Jan. 20, 3:48 p.m. EST
Progressive reported a profit for fourth quarter 2009 as net premiums earned increased 27 percent for the last month of the year and the company's combined ratio dropped eight points.
The Mayfield Village, Ohio--based auto insurer included a report for the month of December, which had net income of $118.3 million compared to a net loss of $123.2 million in 2008. Earnings per share stood at 18 cents for the period.
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