Auto insurer Progressive says October net income increased 47 percent to $112.3 million compared to the same month last year.
The Mayfield Village, Ohio-based insurer reports net premiums written and earned each increased 6 percent to about $1.66 billion and $1.67 billion, respectively.
Policies in force from Progressive's direct channel improved 4 percent to about 4.2 million compared to October 2012. Policies in force in the agency channel remained flat at about 4.8 million.
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