Progressive Boasts Another Strong Month

March 15, 2004

Mayfield Village, Ohio-based vehicle insurer Progressive Corp. reported another strong month in February, including a profit of $145.1 million, 63 percent higher than $89 million a year ago.

Net premiums written also grew 12 percent from February 2003 to
more than $1 billion, while Progressive’s combined ratio went down 6.1 points to 83.7.

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