RTTNews | May 19, 2021 11:34AM EDT

11:33 Wednesday, May 19, 2021 (RTTNews.com) - Shares of insurance company The Progressive Corp.(PGR) are down 5 percent on Wednesday's trading as the company reported results for the month of April. In April, the company posted net income of $316.2 million or $0.54 per share, down 67 percent from $952.6 million or $1.67 per share in the same period last year. Net premiums earned, however, rose 14 percent to $4.13 billion from $3.63 billion last year. Net premiums written also climbed 18 percent to $4.45 billion from $3.76 billion last year. The stock is currently trading at $99.89, down $6.09 or 5 percent on the NYSE.

PGR has traded between $72.71 and $107.59 in the past 52 weeks.

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