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Progressive Corp. Reveals Decline In Q3 Bottom Line

Progressive Corp. (PGR) reported a profit for third quarter that dropped from last year.

The company's profit came in at $118.5 million, or $0.19 per share. This compares with $1530.8 million, or $2.59 per share, in last year's third quarter.

The company's revenue for the quarter rose 13.0% to $12.45 billion from $11.02 billion last year.

Progressive Corp. earnings at a glance:

-Earnings (Q3): $118.5 Mln. vs. $1530.8 Mln. last year.
-EPS (Q3): $0.19 vs. $2.59 last year.
-Revenue (Q3): $12.45 Bln vs. $11.02 Bln last year.

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