Mayfield Village, Ohio-based vehicle insurer Progressive Corp. reported $875.2 million in net premiums written in November, up 23 percent from a year ago.
The company’s net premiums earned also increased 23 percent from last November, while net income jumped 99.5 percent to $99.5 million, up from $56.7 million a year ago. The company’s combined ratio for the month was also down 9.6 points to 86.7, from 96.3 last year.
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