Progressive (PGR) reported August net income Friday of $1.63 per share, down from $2.07 a year earlier.
Net premiums earned in August were $7.35 billion, compared with $7.04 billion a year earlier, according to the company.
Progressive said that it had a total of 40.5 million policies in force as of Aug. 31, an increase of 7% from the same period last year.
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