WASHINGTON (dpa-AFX) - The Progressive Corp. (PGR) reported that its fourth-quarter net income decreased to $249.1 million or $0.41 per share from $256.7 million or $0.42 per share last year.
On average, 22 analysts polled by Thomson Reuters expected the company to report profit per share of $0.34 for the quarter. Analysts' estimates typically exclude speical items.
Net premiums written was $3.84 billion compared to $3.54 billion last year. Analysts expected revenue of $3.79 billion for the quarter.
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