Progressive (PGR -4%) shares slip after the vehicle insurer reports a sharp increase in premiums...


Progressive (PGR -4%) shares slip after the vehicle insurer reports a sharp increase in premiums paid out for claims last month, buttressing recent concerns about the company's near-term prospects. Net premiums written in May totaled $1.217B, up 7% Y/Y, while net income was $43.9M, down 41% Y/Y.

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