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Letter to the Editor
Friday February 14
Progressive Distributes January Underwriting Results
The Progressive Corporation has reported that for January 2003, the company produced a GAAP combined ratio of 86.7. Net premiums written increased 32 percent to $992.5 million for the month, compared to $751.3 million last year. Net premiums earned for the month increased 32% to $967.4 million, compared to $735.6 million last year.©2003 Collision Repair Industry INSIGHT
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