The Progressive Corporation (PGR) Reports December Results

January 21, 2009 9:16 AM EST
The Progressive Corporation (NYSE: PGR) reported the following results for December 2008:

Net premiums written Dec.'08 $905.7 million compared to $910.1 million for Dec. '07.

Net premiums earned Dec.'08 $1,047.5 million compared to $1,044.5 million for Dec. '07.

Net income (loss) Dec.'08 $(.18) compared to $.10 for Dec. '07.

The Progressive Corporation is an insurance holding company. As of December 31, 2007, the Company owned 64 subsidiaries and had one mutual insurance company affiliate.[SM]

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