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Letter to the Editor
Friday September 13
Progressive Distributes August Underwriting Results
The Progressive Corporation has reported that for August 2002, the insurer produced a GAAP combined ratio of 94.1. Net premiums written increased 31 percent to $773.8 million for the month, compared to $589.3 million last year. Net premiums earned for the month increased 26 percent to $712.2 million, compared to $563.5 million last year.©2002 Collision Repair Industry INSIGHT
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