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Progressive Q3 Net Income Falls, Net Premiums Earned Rise -- Shares Down Pre-Bell

MT Newswires Live
10/14

Progressive (PGR) reported Q3 net income Wednesday of $4.37 per share, down from $4.45 a year earlier.

Analysts polled by FactSet expected $4.42.

Net premiums earned for the quarter ended Sept. 30 were $21.87 billion, up from $20.85 billion a year earlier.

Shares of the company were down 4.5% in Wednesday's premarket activity.

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