By Allison Prang
Progressive Corp. reported more than $1.5 billion in earnings and a 14% increase in net premiums written for the third quarter.
The insurer's profit for the third quarter increased to $1.53 billion, or $2.59 a share. It was $841.7 million, or $1.42 a share, a year earlier.
Net premiums written were $11.02 billion, up 14%. Net premiums earned increased 11% to $9.97 billion.
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(END) Dow Jones Newswires