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7 pts

Opinion on  The Progressive Corp. (PGR)     Sector: Financial  >  Industry: Insurance (Prop. & Casualty)
Bullish on PGR ...

Apr 16, 2009 03:49 PM GMT
Foto
Return Risk
-24.55% HIGH
Principal

The Progressive Corporation, through its subsidiaries, provides personal and commercial automobile insurance, and other specialty property-casualty insurance products and related services in the United States. Its property-casualty insurance products protect customers against losses due to collision and physical damage to their motor vehicles, uninsured and underinsured bodily injury, and liability to others for personal injury or property damage arising out of the use of those vehicles. The company writes insurance for private passenger automobiles, and recreational and other vehicles, as well as for motorcycles, recreational vehicles, mobile homes, watercraft, and snowmobiles. It also offers liability and physical damage insurance for automobiles and trucks owned by small businesses; and professional liability insurance to community banks, principally directorsÂ’ and officersÂ’ liability insurance. In addition, The Progressive Corporation provides insurance-related services primarily policy issuance and claims adjusting for commercial auto insurance procedures/plans. The company was founded in 1965 and is headquartered in Mayfield Village, Ohio.


PGR:  This call was made on 04/16/09 @ $15.685
Rating:   Positive   $15.685 (04/16/09)
Gain/Loss:   +6.15% in 208 days
Allocation:   0.0% of portfolio


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