MAYFIELD VILLAGE, Ohio (AP) — MAYFIELD VILLAGE, Ohio (AP) — Progressive Corp. (PGR) on Friday reported first-quarter profit of $2.33 billion.

The Mayfield Village, Ohio-based company said it had profit of $3.94 per share. Earnings, adjusted for investment gains, came to $3.73 per share.

The results exceeded Wall Street expectations. The average estimate of 10 analysts surveyed by Zacks Investment Research was for earnings of $3.20 per share.

The insurer posted revenue of $17.24 billion in the period. Its adjusted revenue was $17.09 billion, also beating Street forecasts. Six analysts surveyed by Zacks expected $16.61 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