India, July 15 -- Shares of The Progressive Corporation (PGR) are falling about 7 percent on Thursday morning after the company reported a 31 percent decline in net income for the month of June.
Shares of the company slipped 7.31 percent to $210.01 on the New York Stock Exchange, compared with the previous closing price of $226.58. The stock has traded in a 52-week range of $189.20 to $254.93.
For the month, the company's net income totaled $779 million, or $1.34 a share, compared to $1,124 million, or $1.91 a share, in the prior year. However, net income increased to $3,311 million, or $5.67 a share, from last year's $3,175 million, or $5.40 a share, for the quarter ended June 30, 2026.
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