Progressive is Firing on All Cylinders
Progressive resumed aggressive growth in the first quarter while reporting a strong combined ratio. The article briefly discusses GEICO's recent results ...
Progressive vs. GEICO: 2023 Results
Both companies posted underwriting profits last year but Progressive grew rapidly while GEICO lost market share ...
GEICO Prioritizes Profits Over Market Share
Berkshire Hathaway's auto insurer has returned to consistent profitability in 2023 but at the price of ceding market share that will be costly to regain in the future ...
Warren Buffett on Inflation — Part 2
Inflation took the auto insurance industry by surprise in the 1970s, impacting Berkshire's auto insurance business as well as nearly bankrupting GEICO ...
Progressive vs. GEICO: The Battle Continues
Progressive's Q1 results were poorly received. Does GEICO have an opportunity to reverse market share losses while returning to underwriting profitability? ...
The Digest #147
Ben Franklin on Free Speech, Berkshire Hathaway, Brookfield Asset Management, ChatGPT, Auto Insurance, Floor & Decor ...
The Autonomous Vehicle Revolution
It is no accident that the rapid rise in living standards over the past century has coincided with tremendous technological progress throughout the economy. At a fundamental level, rising living standards require the economy to generate an ever-increasing supply of ...
Examining Progressive’s Competitive Position
The Progressive Corporation has offered insurance products to consumers since 1937 and is currently estimated to be the fourth largest private passenger automobile insurer in the United States.  Progressive trails State Farm, GEICO, and Allstate and has overall market share ...
What Does Buffett’s Valuation of GEICO Imply for Progressive?
In this article, we will take a look at comments made in Warren Buffett's 2010 annual letter regarding GEICO's valuation and examine potential implications for the intrinsic value of Progressive, GEICO's most fierce competitor. Read this article for more details ...
Progressive Offers Discount Based on Driver Monitoring
Progressive has introduced a new discount program designed to offer lower auto insurance premiums to drivers who have favorable risk profiles. The idea of offering discounts to drivers who do not use their cars for commuting or drive very rarely ...
P&C Insurers Recover in 2009 But Underwriting Losses Persist
P&C National Underwriter has published its annual report listing data for the top 100 individual insurance companies as well as the top 100 insurance groups. Due to improvements in investing results, total policyholder surplus for the companies in the survey ...
Sacramento May Impose Crash Tax on Visiting Motorists
Do your travel plans this summer involve driving in California? If so, be sure to pay particular attention while in the Sacramento region. According to the Property Casualty Insurers Association of America, Sacramento is the latest local government in California ...
Berkshire Hathaway Entering Indian Auto Insurance Market
The Economic Times of India has reported that Berkshire Hathaway is making a modest entry into the Indian insurance market through a purchase of a corporate agency. Berkshire will set up a wholly owned subsidiary in India which will operate ...
GEICO Enters Massachusetts Market
GEICO has announced plans to begin selling auto insurance in Massachussets following the implementation of reforms that eliminate price regulaton by the state and permit companies to set their own rates. With GEICO's entry into the Massachussets market, the company ...