Progressive Profit Falls 2.9% to $249.1 Million on Sandy Losses

The insurer's Q4 underwriting profit margin this year fell almost two cents on every dollar when compared to results from Q4 2011.

INN Breaking News, January 18, 2013

Elizabeth Bunn, Bloomberg News

Progressive Corp., the fourth-largest U.S. automobile insurer, said profit declined 2.9 percent as the company faced claims from Superstorm Sandy and growth in the policyholder count slowed.

Get access to this article and thousands more...

All Insurance Networking News articles are archived after 7 days. REGISTER NOW for unlimited access to all recently archived articles, as well as thousands of searchable stories. Registered Members also gain access to exclusive industry white paper downloads, web seminars, podcasts, e-books, and conference discounts. Qualified members may also choose to receive our free monthly magazine and any of our e-newsletters covering the latest breaking news, opinions from industry leaders and developing trends.

Already Registered?

Advertisement

Free Site Registration

Advertisement