Progressive Corporation (PGR) Reports October '09 Results

November 10, 2009 4:22 PM EST

The Progressive Corporation (NYSE: PGR) reported the following results for October 2009:

Net premiums written $1,300.0 million compared to $1,259.2 million for Oct. '08 (+3%)

Net premiums earned $1,329.1 million compared to $1,316.2 million for Oct. '08 (+1%)

Net income $106.7 million compared to $145.0 million (-26%)

Per share $.16 compared to $.22 (-26%)

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