By Will Feuer
Progressive Corp. said its profit fell for the first quarter and the month of March.
The provider of personal and commercial insurance on Thursday posted net income of $313.9 million for the quarter, compared with $1.48 billion in the year-earlier period.
Earnings were 52 cents a share for the quarter, compared with $2.51 a share in the prior year. Analysts polled by FactSet were expecting earnings of 46 cents a share.
The company posted a profit of $226.5 million for the month of March, compared with a profit of $567.9 million in the same month last year. It reported earnings of 38 cents a share, compared with 96 cents a share in the prior year.
Write to Will Feuer at Will.Feuer@wsj.com
(END) Dow Jones Newswires
04-14-22 0855ET