Auto insurance group Progressive Corp. (PGR) reported lower April 2012 net income of $61.2 million or $0.10 per share, compared with $118.0 million or $0.18 per share a year before.
However, net premiums written for the recent month improved 9% to $1.67 billion from last year's $1.54 billion, with net premiums earned rising 7% to $1.53 billion from $1.43 billion in April 2011.
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June 12, 2026 17:14 ET Major central bank action was the focus this week in economic news. The European Central Bank became the first major central bank to move in response to the rising inflationary pressures in the backdrop of the conflict in the Middle East. In North America, the U.S. inflation and trade data as well as Canada’s central bank decision gained attention. The Chinese trade data was the main news in Asia.