NU Online News Service, March 18, 1:24 p.m. EST
Progressive Corp. reported net income for February dropped 22 percent despite a 3 percent increase in net premiums earned.
The Mayfield Village, Ohio-based auto insurer reported net income for the month of February at $98 million was $28 million below the period for the previous year. Earnings per share were down 4 cents to 15 cents a share.
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