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Progressive Corp. July Profit Soars 111% - Quick Facts

Insurer Progressive Corp. (PGR) reported that July net income soared 111 percent to $812.0 million or $1.38 per share from $384.9 million or $0.65 per share in the prior-year month.

Net premiums written for the month grew 12 percent to $4.11 billion from $3.68 billion last year. Net premiums earned also increased 10 percent to $3.78 billion from last year's $3.43 billion.

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