Progressive Q4, December Profit Declines On Lower Gains On Securities - Update

Progressive Q4, December Profit Declines On Lower Gains On Securities - Update

  • Posted Thursday, January 19, 2012 -
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Auto insurance group Progressive Corp. (PGR) reported Thursday a 14 percent decline in profit for the fourth quarter, reflecting lower investment gains from securities, partially offset by premium revenue growth. The company reported a decline in profit in the month of December, due to losses on securities compared to a gain last year.view original article

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