Progressive Corp. Q2 Income Advances, Beats Estimates

(RTTNews) - Progressive Corp. (PGR) released a profit for its second quarter that increased from last year and beat the Street estimates.

The company's earnings totaled $1.458 billion, or $2.48 per share. This compares with $345.4 million, or $0.57 per share, in last year's second quarter.

Analysts on average had expected the company to earn $2 per share, according to figures compiled by Thomson Reuters. Analysts' estimates typically exclude special items.

Progressive Corp. earnings at a glance (GAAP) :

-Earnings (Q2): $1.458 Bln. vs. $345.4 Mln. last year. -EPS (Q2): $2.48 vs. $0.57 last year.