Wednesday, April 7, 2010 as of 11:14 AM ET
The Progressive Corporation (), known as the Progressive Casualty Insurance Company through its subsidiaries, provides personal automobile insurance, and other specialty property-casualty insurance and related services in the United States.
Read More at Wikipedia ›Allstate Corp.
's (ALL) first-quarter profit jumped 46% to $766 million as improved results in its home-insurance business and lower catastrophe costs gave a boost to the company's results.Its operating income of $1.42 a share beat the consensus estimate of analysts surveyed by Thomson Reuters by 30 cents.Underwriting profit at the company's property-liability unit, which includes its home and auto-insurance segments, rose nearly 60% to $523 million as returns from its home insurance operation more than doubled. The result in home insurance was partly due to better weather, which drove down catastrophe costs. But the company also said its efforts to raise rates and tighten underwriting standards had proven effective.In the latest period, Allstate reported $259 million in catastrophe losses, compared with $333 million a year earlier and $66 million in the fourth quarter.Allstate and other insurers often urge shareholders to look past the cost of the major natural disasters, which can flu...David Dreman, chairman and CIO of Dreman Value Management, explains where the opportunities lie in the financial and energy sectors.
Allstate Corp.'s (ALL) first-quarter earnings jumped 46% as a stronger operating performance and lower catastrophe losses gave a boost to the insurer's results.Allst...
The number of new customers buying car insurance from Allstate Corp. (ALL) began "rapidly declining" in the second quarter of last year, prompting the company to spe...
DOW JONES NEWSWIRESProgressive Corp.'s (PGR) first-quarter earnings fell 29% as the auto and home insurer came up against year-earlier results boosted by nearly $100...
DOW JONES NEWSWIRESProgressive Corp . (PGR) said it's seeking to hire about 1,100 people in various U.S. cities, which would boost its headcount by roughly 1%.In a h...
DOW JONES NEWSWIRESProgressive Corp .'s (PGR) fourth-quarter earnings fell 14% as the auto and home insurer reported fewer investment gains.The leader in online auto...
NEW YORK -( Dow Jones )- State Farm Mutual Automobile Insurance Co. is offering a new device that will measure how well and how often its policyholders drive, and gi...
Progressive Corp.'s (PGR) fourth-quarter earnings fell 2%, with the auto and home insurer reporting lower premiums as the period had one less week than the prior yea...
