MAYFIELD VILLAGE, Ohio (AP) _ Progressive Corp. (PGR) on Thursday reported first-quarter earnings of $313.9 million.

The Mayfield Village, Ohio-based company said it had net income of 52 cents per share. Earnings, adjusted for investment costs, were $1.12 per share.

The results fell short of Wall Street expectations. The average estimate of seven analysts surveyed by Zacks Investment Research was for earnings of $1.24 per share.

The insurer posted revenue of $11.84 billion in the period. Its adjusted revenue was $12.29 billion, surpassing Street forecasts. Four analysts surveyed by Zacks expected $12.24 billion.

This story was generated by Automated Insights (http://automatedinsights.com/ap) using data from Zacks Investment Research. Access a Zacks stock report on PGR at https://www.zacks.com/ap/PGR

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