** Shares in insurers Allstate ALL.N, Cincinnati Financial CINF.O, Global Life GL.N, Hartford Insurance HIG.N, Progressive Corp PGR.N and Erie Indemnity ERIE.O were among the top decliners in the S&P 500 financial services index .SPSY on Wednesday

** Trading in the sector has been choppy recently on concerns about competition from AI-disruption with online platform Insurify releasing an AI-powered tool,

** Benchmark U.S. 10-year Treasury yield up at ~4.08% on Weds from 4.05% late Tuesday after declining 7 out of last 8 sessions

** PGR, down 1.7%, reported January results with net premiums written rising at $6.74 bln up 4% y/y vs 6% growth rate in December and 18% growth rate in January 2025. Net income rose 4% to $1.16 bln, vs 22% growth for December and 59% growth year-ago

** The index's biggest decliner however was ALL, down 2.3% after rising for the last 5 sessions in a row. CINF was down ~1.6% while Global Life was down ~1.7%, HIG off 1.8%, ERIE was off 1.6%

** ALL last traded at $207.44 vs median PT of $244, as per LSEG which shows 24 analyst ratings: 6 'strong buy,' 9 'buy,' 8 'hold,' 1 'sell'

** PGR last traded at $204.35 vs median PT of $234.50, which is down from $240 a month ago, as per LSEG, which shows 25 analsyt ratings: 2 'strong buy,' 8 'buy,' 14 'hold,' 1 'sell'

** S&P 500 insurance index .SPXIN down ~3.4% YTD vs ~4% drop for the broader SPSY

(Reporting by Sinead Carew)

((sinead.carew@thomsonreuters.com))