Monday, 28 September 2015

Vina sells PGR 30.67: PGR has been the topic of a number of other research reports.

By staying ahead of the curve, Progressive has the ability to outperform its competition well into the future. Progressive continues to deliver solid growth to investors, and that's a huge part of why the stock has remained near its highs despite a rough market environment. Internally, the program has provided huge amounts of data, with Progressive claiming more than 14 billion miles of driving data since introducing the technology seven years ago. By offering trip-based information to users along with tips, Progressive hopes that driving will become more interactive and lead its customers to be safer and produce fewer losses. It said earlier this month that it had chosen a company to develop software to share the program with customers through a mobile app, with a pilot scheduled to begin in the middle of this month.


Tommye:
At the same time, making trucking safer can also have an impact on Progressive's personal auto business, and that's certainly a key area for the company going forward.

Tamara:
With online tools and sweepstakes designed to encourage participation, Progressive says that it's aiming to show appreciation for the truckers who make up a considerable portion of its commercial-lines insurance business.

Maurine:
Last month, for instance, Progressive rolled out a program to focus on truck drivers, dubbing September Trucker Health Awareness month and offering a series of live health and fitness events for truckers.

Concha:
Progressive continues to work with its customers to try to make their insurance coverage more effective at avoiding problems.

Bell:
What lies down the road for Progressive?

Karyl:
Those numbers are volatile, with August's figure coming in more than double last year's gains, but over time, the ebbs and flows in investment-related gains tend to make them less critical than what's happening in Progressive's core insurance operations.

Lewis:
One notable uptick came from Progressive's securities holdings, with the insurance company posting a big jump in net realized gains on its securities portfolio during the month.

Wanita:
That's well over a third of the consensus estimate that investors have for the third quarter as a whole, and combined with last month's $0.18 per share profit, Progressive is on track to top third-quarter projections by what could be a considerable amount.

Brittanie:
The company's profits continued to accelerate, with net income rising 20% to $101.5 million, producing earnings of $0.17 per share.

Pam:
Net premiums written climbed 12% to $1.68 billion, while earned premiums also posted a 12% gain to finish at nearly $1.57 billion.

Progressive Corp. (NYSE:PGR)
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