WASHINGTON (dpa-AFX) - Mayfield Village, Ohio based insurance provider, The Progressive Corp. (PGR) Wednesday said profit for the month of November dropped to $77.7 million or $0.13 per share from $124.7 million or $0.20 per share in the same period last year.
Net premiums written for the period increased to $1.13 billion from $1.07 billion last year. Net premiums earned totaled $1.26 billion, up from $1.16 billion last year.
Combined ratio improved 3.5 points to 93.6 percent from 90.1 percent last year.
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