• Progressive posted May net income of $ 1.45 billion, up 36% from $ 1.07 billion; diluted EPS rose 36% to $ 2.47.
• Net premiums earned increased 10% to $ 7.36 billion; net premiums written rose 6% to $ 7.03 billion.
• Combined ratio improved to 82.1 from 86.9.
• Policies in force grew 8% to 39.97 million, led by 11% growth in direct auto to 16.72 million.
• Share repurchases totaled 1,269,184 shares at an average cost of $ 198.42.

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