NEW YORK, Nov 9 (Reuters) - Car Insurer Progressive Corp. (PGR.N: Quote, Profile, Research) said on Tuesday its third-quarter earnings rose, helped by a low level of auto accidents in the quarter.
The Mayfield Village, Ohio-based company said its third- quarter profit was $388.9 million, or $1.77 a share, compared with $319.8 million, or $1.45 a share, a year earlier.
Analysts had expected the company to earn $1.69 in the quarter, according to Reuters Estimates.
The company said net premiums written rose 9 percent in the quarter while net premiums earned gained 12 percent.
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