Profit margin ‘always’ takes precedence over growing premiums: Progressive CEO
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Profit margin ‘always’ takes precedence over growing premiums: Progressive CEO

Giovanna Bellotti Azevedo
November 02, 2021
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Progressive CEO Tricia Griffith has said in a letter to shareholders that taking action to reach the company’s target profit margin “always takes precedence” over growing premiums.

“While it doesn’t feel great to not be able to welcome as many new customers as possible, it is necessary to get us well positioned for the future,” Griffith said in the letter.

“Our

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NewsPersonal autoResultsProgressiveEarnings
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Giovanna Bellotti Azevedo
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