MAYFIELD VILLAGE, Ohio (AP) — MAYFIELD VILLAGE, Ohio (AP) — Progressive Corp. (PGR) on Wednesday reported third-quarter earnings of $2.54 billion.

On a per-share basis, the Mayfield Village, Ohio-based company said it had profit of $4.37. Earnings, adjusted for investment costs, were $4.60 per share.

The results beat Wall Street expectations. The average estimate of nine analysts surveyed by Zacks Investment Research was for earnings of $4.46 per share.

The insurer posted revenue of $23.19 billion in the period. Its adjusted revenue was $23.36 billion, which fell short of Street forecasts. Six analysts surveyed by Zacks expected $23.41 billion.

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This story was generated by Automated Insights (http://automatedinsights.com/ap) using data from Zacks Investment Research. Access a Zacks stock report on PGR at https://www.zacks.com/ap/PGR