Progressive announced its Q109 results today, reporting that profit fell 3% on investment losses. According to the insurers report, net income of $232.5 million, or $.35 a share, in Q1 (ending March 31, 2009) compares with $239.4 million, or $.35, in the same period in 2008.
According to MarketWatch, Progressive shares were down 1% in early trading Wednesday, which may or may not relate to the Q109 report.
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