Progressive August profit falls despite higher net premiums
Progressive reported August monthly net income of $951 million, or $1.63 a share, down from $1.22 billion, or $2.07 a share a year earlier, even as net premiums written and earned rose.
Progressive reported lower profit in August even as net premiums written and earned increased. The insurer said Friday it posted monthly net income of $951 million, or $1.63 a share, versus $1.22 billion, or $2.07 a share, in the same period a year earlier.