The third-largest auto insurer in the United States said net income declined by 24 percent to $215.5 million, or 32 cents a share, from $283.7 million, or 39 cents a share, a year earlier.
Analysts on average were expecting 37 cents a share, according to Thomson Reuters Estimates.
Net written premiums in the quarter fell 1 percent to $3.51 billion.
(Reporting by Lilla Zuill)