Progressive
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Texas’s objection to Progressive’s recent rate filings garnered attention, calling rates “excessive” and suggesting rebates instead. -
The newcomers are finding it more difficult to disrupt the sector than they had expected.
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The company faces elevated losses as it balances rate increases vs. growth.
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Attorney television advertising targeting remote workers could have lasting impacts on personal auto trends.
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While the pandemic offered some relief to commercial auto insurers, maintaining margins will be tricky to achieve given rate moderation.
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Progressive’s June results point to worsening underlying trends for personal auto carriers.
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It may take a few more months for personal auto carriers to see the full extent of the impact.
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Following strong year-to-date performance, P&C stocks were down in June after a change of tone in a Fed meeting.
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The personal lines giant's results are showing a reversion to pre-pandemic trends.
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Progressive’s combined ratio for the month deteriorates by 60 basis points.
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Consumer Price Index data points to short-term and long-term risks to the P&C industry.
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New CEOs were not able to consistently create higher book value growth than their predecessors, and any growth achieved wasn’t maintained after five years.
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