$PGR insures drivers and homeowners. Its August update showed premiums written up 6% year over year and policies in force up 7%, while net income fell 22% and t

$PGR insures drivers and homeowners. Its August update showed premiums written up 6% year over year and policies in force up 7%, while net income fell 22% and the combined ratio worsened to 89.3. That is growth alongside a clear underwriting tradeoff. The daily chart is pressing a bearish support b…