Progressive Corp (NYSE:PGR) shares fell nearly 8% to $221.97 in late-morning trading on Wednesday after the insurance company reported third quarter 2025 earnings that fell short of Wall Street expectations.
Progressive’s earnings per share for the quarter came in at $4.45, up from $3.97 a year earlier but missed the analyst consensus estimate by $0.85.
Its Q3 sales rose 14.2% year over year to $22.51 billion, which was in line with the consensus forecast.
The company's net premiums written for the period, meanwhile, increased 10% to $21.38 billion, boosted by strong demand for its auto insurance policies.
Progressive provides insurance for personal as well as commercial autos and trucks, motorcycles, boats, recreational vehicles and homes.