On Wednesday, Progressive Corp. (PGR) disclosed in its SEC filing that the company achieved a net income of $813.5 million, or $1.38 per share, for the month of July.The company reported total revenue of $6.5 billion, which included net premiums earned amounting to $6.07 billion.The combined ratio was recorded at 88, improved from last year’s 90.6, indicating enhanced profitability.As of now, Progressive’s stock is trading at $230.10, marking a 3.54 percent increase on the New York Stock Exchange.The material has been provided by InstaForex Company – www.instaforex.com
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