Progressive Corp. Profit Falls In Q1

Progressive Corp. (PGR) revealed earnings for first quarter that decreased from last year

The company's earnings totaled $0.31 billion, or $0.52 per share. This compares with $1.48 billion, or $2.51 per share, in last year's first quarter.

The company's revenue for the quarter rose 12.4% to $13.18 billion from $11.73 billion last year.

Progressive Corp. earnings at a glance (GAAP) :

-Earnings (Q1): $0.31 Bln. vs. $1.48 Bln. last year.
-EPS (Q1): $0.52 vs. $2.51 last year.
-Revenue (Q1): $13.18 Bln vs. $11.73 Bln last year.

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