Why These 5 Stocks Are Getting Crushed on Wednesday

3. The Progressive Corporation (NYSE:PGR) has declined 2.2% as of 11:55 AM ET. The largest commercial auto insurer in the US revealed that net premiums written increased by 20% YoY to $4.63 billion and increased slightly from $4.59 billion in January 2022. Meanwhile, net premiums earned increased by just 13% YoY to $3.6 billion and dropped significantly from $4.47 billion in January. Overall, 52 hedge funds held a stake in The Progressive Corporation (NYSE:PGR) at the end of Q4 2021, up from 47 in the preceding quarter.