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Progressive-2Q 07 QSR
The document provides an overview of Progressive Corporation's financial highlights and performance for the second quarter of 2007, noting lower growth in written premiums, earned premiums, and net income compared to the previous year. It discusses actions taken to reduce rates and focus on customer growth, along with positive trends in retention, customer satisfaction, and branding. While second quarter results were disappointing numerically, the company believes its strategic actions are heading in the right direction to support stronger growth over time.
