Progressive Corp. (PGR) reports November net Income Rises of 56%

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photo taken outside the Progressive Corp headquarters building

Progressive Corp. (PGR) reports November net income rises 56% to $242.4M, or 41 cents per share, from $154.9M, or 26 cents, a year ago.

For the month, net premiums written increased 15% to $2.33B Y/Y, while net premiums earned advanced 20% to $2.53B.

Combined ratio of 91.3 vs. 90.9 a year ago.

Total personal auto policies in force increased 15% to 13.3M.

Total personal lines up 11% to 17.7M.

Property business policies in force up 33% to 1.92M.

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