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.
Recommended For You
Want to continue reading?
Become a Free PropertyCasualty360 Digital Reader
Your access to unlimited PropertyCasualty360 content isn’t changing.
Once you are an ALM digital member, you’ll receive:
- Breaking insurance news and analysis, on-site and via our newsletters and custom alerts
- Weekly Insurance Speak podcast featuring exclusive interviews with industry leaders
- Educational webcasts, white papers, and ebooks from industry thought leaders
- Critical converage of the employee benefits and financial advisory markets on our other ALM sites, BenefitsPRO and ThinkAdvisor
Already have an account? Sign In Now
© Touchpoint Markets, All Rights Reserved. Request academic re-use from www.copyright.com. All other uses, submit a request to [email protected]. For more inforrmation visit Asset & Logo Licensing.