NU Online News Service, March 16, 2:56 p.m. EST

Mayfield Village, Ohio-based auto insurer Progressive Corp. reported net income rose 16 percent in February over the prior year as all segments of its business reported increases in policy counts.

Progressive said net income rose $16 million to $114 million. Net premiums written increased 4 percent, or $55 million, to $1.3 billion. The combined ratio dropped one point to 89.4.

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