Progressive drops after $950 mln Florida refund charge in Q3

** Shares of auto insurer Progressive Corporation PGR fall 8.47% to $220.04

** Earlier in the session, co's shares hit a near 15-month low of $217.52

** Co posts Q3 EPS of $4.45, missing analysts' estimates of $5.04, according to data compiled by LSEG

** Records $950 mln policyholder credit expense in Q3 to refund Florida auto customers due to a state profit cap

** "In early 2026, we expect to provide credits to policyholders active at December 31, 2025," says PGR

** YTD, the stock has fallen ~9%, including session's move