Progressive Corp. Q4 Earnings Decline 11%

(RTTNews) - Progressive Corp. (PGR) released a profit for fourth quarter that declined from last year.

The company said its profit declined to $330.4 million, or $0.56 per share. This was down from $370.2 million, or $0.63 per share, in last year's fourth quarter.

The company said revenue for the quarter rose 5.0% to $4.84 billion. This was up from $4.61 billion last year.

Progressive Corp. earnings at a glance:

-Earnings (Q4): $330.4 Mln. vs. $370.2 Mln. last year. -Earnings Decline (Y-o-Y): -10.8% -EPS (Q4): $0.56 vs. $0.63 last year. -EPS Decline (Y-o-Y): -11.1% -Revenue (Q4): $4.84 Bln vs. $4.61 Bln last year. -Revenue Change (Y-o-Y): 5.0%