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Progressive Corp. (PGR) shares are declining more than 8 percent on Thursday morning trade, on lower than expected results for the second quarter, despite a turnaround to profit.
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Better-than-expected inflation data prompted investors to send the Dow Jones higher for the fourth day in a row.
(Bloomberg) -- Shares of Progressive Corp. fell the most since 2000 after the insurance company released second quarter results that missed analysts’ estimates. Most Read from BloombergEx-Celsius CEO Alex Mashinsky Charged With Crypto FraudDeSantis Says No Thanks to $377 Million in US Energy FundsHow Much Income You Need to Crack America's Richest 1%Fund Titans Are Betting on Everything Gaining Against the DollarSingapore Minister Faces Most Serious Graft Probe Since 1986The stock tumbled by abo
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Second quarter net income at Progressive Corp. was $345.4 million, reversing a loss of nearly $543 million during the same quarter in 2022, as net income