NU Online News Service, Feb. 16, 1:25 p.m. EST
Progressive Corp. says its January net income is down 33 percent compared to January 2011 as total pretax net realized gains on securities fell 63 percent to $11.9 million.
The Mayfield Village, Ohio-based insurer reports January net income of $75 million, compared to $112.6 million for the first month of 2011. The company's combined ratio for the month was 94.9, up 2.7 points compared to a year ago.
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