Progressive Corp. says April net income skyrocketed 128 percent to $139.5 million.
The Mayfield Village, Ohio-based auto insurer says April 2012 net income was $61.2 million
Progressive says it incurred about $33 million in catastrophe losses during April due mostly to storms in the Midwest and South. A year ago during the same month, the insurer booked $46 million in catastrophe losses.
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