Progressive Corporation

Morning Session - 2024 Meeting

“Todd Cohn said that in first meeting you in 2010, he told you GEICO is better at marketing and branding, but progressive as a data company”

Morning Session - 2024 Meeting

“But GEICO, and Progressive has done a better job. that in that recently.”

Morning Session - 2023 Meeting

“it is hard to come up with something that is better at missing, max, and matching risk to reward... then a bunch of very smart people are doing it a progressive”

Morning Session - 2022 Meeting

“Progressive has grown faster while maintaining a lower combined ratio than Geico. On an operating basis, UP's precision-scheduled railroading and Progressives telematics”

Morning Session - 2022 Meeting

“both GEICO, and Progressive are two very successful competitors in this segment. Each one of them have their pluses and minuses. But having said that, there's no question that more recently, Progressi”

Morning Session - 2022 Meeting

“GEICO will be in a position to catch up with Progressive in terms of telematics, and hopefully that will then translate into both growth rate and margins.”

Morning Session - 2022 Meeting

“at progressive, you know, people wanted to get rich and at travelers and etna and name off dozens and dozens...Progressive has had a very, very, very, very smart guy running it”

Morning Session - 2022 Meeting

“And Progressive, I don't know what their net worth is, but it must be somewhere around $20 or so billion.”

Morning Session - 2022 Meeting

“That's not to knock progressive. I'm just saying one guy responsible for adding more value to Berkshire than the total net worth of Progressive.”

Morning Session - 2022 Meeting

“Their net worth in the first quarter because they own a lot of bonds. And they say, well, probably everyone in the insurance business would say that”

Morning Session - 2022 Meeting

“Progressive. Who would put up the capital? I mean, a mutual company that you're not going to get the profits from.”

Part 1 - 2021 Meeting

“operate at meaningfully lower profit margins than their main competitors, Progressive and Union Pacific”

Part 1 - 2021 Meeting

“Progressive has had the best operation in the last, in recent years, in terms of matching rate to risk... Progressive has done a very good job on that.”

Part 1 - 2021 Meeting

“Progressive is a machine. They're very good at what they do... Progressive is still crushing it in terms of growth”

Buffett: Coronavirus threat shouldn't change how you invest | February 24, 2020

“GEICO has been the envy of every other company in the auto insurance business, except for Progressive. But they've done a good job, too.”

Buffett: Coronavirus threat shouldn't change how you invest | February 24, 2020

“He actually was a product manager, Progressive, and the president...Progressive has done a better job of managing, of correlating risk with rate.”

Afternoon Session - 2019 Meeting

“Progressive is gaining the most market share among the major auto insurers based on its presence in the direct and independent agency channels”

Afternoon Session - 2019 Meeting

“The Progressive is a very, very well-run business”

Afternoon Session - 2019 Meeting

“Geico has a significant advantage over progressive when it comes to the expense ratio to the extent of about seven points”

Afternoon Session - 2019 Meeting

“We don't own any Progressive, but I think that Progressive is an excellent company”

Afternoon Session - 2019 Meeting

“I've always thought for a long, long time, Progressive has been very well they have an appetite for growth. Sometimes they copy us a little.”

Afternoon Session - 2019 Meeting

“And Progressive is a terrific business. And, well, as Ajit says, we've got the advantage in expenses”

Afternoon Session - 2019 Meeting

“I worry much more about progressive than all of the auto company possibilities that I could see in terms of getting an insurance business.”

Morning Session - 2018 Meeting

“it took USAA and then later GEICO and then later progressive to go to direct systems that are even more efficient”

Morning Session - 2016 Meeting

“Progressive Direct's Auto Business Group policy count by 9.1%, Geico only 5.4. And in terms of profitability, the combined ratio at Progressive was a 95-1”

Morning Session - 2016 Meeting

“I made a bet a long time ago on a mental one, on the GEICO model versus the progressive model. say they were significantly ahead of us in volume”

Morning Session - 2015 Meeting

“Progressive got, did pretty well with channel conflict between direct writing and agents.”

Afternoon Session - 2014 Meeting

“Probably the one most identified with it is progressive doing something called snapshot. And there's no question that knowing how customers drive”

Morning Session - 2013 Meeting

“In regards to Geico, Warren, last year you said the firm had no plans to job usage-baked driving technology similar to what competitor progressive calls snapshot.”

Morning Session - 2013 Meeting

“Progressive is focusing on this snapshot arrangement, and we'll see how they do.”

Morning Session - 2013 Meeting

“Progressive is claiming that the data is profound that they're getting from Snapshot. That they can give their best drivers 30% rate cuts”

Morning Session - 2013 Meeting

“I just invite you to compare the progressive results with the GEICO results in the next two or three years”

Morning Session - 2012 Meeting

“Progressive, as you know, has probably been the leader in what you just described.”

Afternoon Session - 2004 Meeting

“Progressive has a wonderful direct operation competing with us. We're the two that will be slugging it out over this.”

Wesco 1999 Annual Meeting — Notes of Charlie Munger's Remarks (simpleinvestor)

“Elsewhere its Progressive and potentially AIG, and GE (Colonial Penn), State Farm, and Allstate.”