(Reuters) - NEW YORK, July 12 - Progressive Corp. , the third-largest auto insurer in the United States, on Thursday reported lower-than-expected quarterly earnings as net earned premiums declined.
The company, whose stock fell 3.5 percent, said net income declined by 29 percent to $283.7 million, or 39 cents a share, from $400.4 million, or 51 cents per share, a year earlier.
Read more at Reuters.com Market News
The company, whose stock fell 3.5 percent, said net income declined by 29 percent to $283.7 million, or 39 cents a share, from $400.4 million, or 51 cents per share, a year earlier.
Read more at Reuters.com Market News
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