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Letter to the Editor
Thursday October 14
Progressive Q3 Earnings Up 22%
Progressive's quarterly earnings rose 22 percent for the third quarter, helped by growth in premiums.Earnings for the third quarter ended Sept. 30 rose to $388.9 million, or $1.77 per share, compared with $319.8 million, or $1.45 per share, a year earlier. Expected earnings were $1.69 per share.
Progressive's net premiums written rose nine percent in the third quarter to $3.39 billion, from $3.1 billion a year ago.
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