Mayfield Village, Ohio-based Progressive Corp. has reported that for February 2003, the company produced a GAAP combined ratio of 89.8 percent.
Net premiums written increased 31 percent to $942.7 million for the month, compared to $719.6 million last year. Net premiums earned for the month increased 32 increased to $805.8 million, compared to $608.7 million last year.
Progressive, the country’s third-leading auto insurer offers its products through more than 30,000 independent agencies.
Was this article valuable?
Here are more articles you may enjoy.
Travelers: Aging Workforce, New Employees Drive Complexity in Injury Claims 
Cost of Howden-Driven Talent War Rises to $31M for Brown & Brown 
Specialty Insurance Rates Soften Faster Than Expected, Hitting 2020 Price Levels: WTW 
New York State Has Budget Deal That Includes Auto Insurance Reforms: Gov. Hochul 
