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	<title>Stock Blog Hub &#187; Progressive Corporation</title>
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		<title>(PNX) Insurance Industry Stock Update &#8211; February 2012 &#8211; Industry Outlook</title>
		<link>http://www.stockbloghub.com/2012/02/13/pnx-insurance-industry-stock-update-february-2012-industry-outlook/91567</link>
		<comments>http://www.stockbloghub.com/2012/02/13/pnx-insurance-industry-stock-update-february-2012-industry-outlook/91567#comments</comments>
		<pubDate>Mon, 13 Feb 2012 17:36:54 +0000</pubDate>
		<dc:creator>vitalstocks</dc:creator>
				<category><![CDATA[Financial]]></category>
		<category><![CDATA[Property & Casualty Insurance]]></category>
		<category><![CDATA[ACE]]></category>
		<category><![CDATA[ACE Limited]]></category>
		<category><![CDATA[AIG]]></category>
		<category><![CDATA[American International Group Inc]]></category>
		<category><![CDATA[Amerisafe Inc.]]></category>
		<category><![CDATA[AMSF]]></category>
		<category><![CDATA[Axis Capital Holdings Limited]]></category>
		<category><![CDATA[AXS]]></category>
		<category><![CDATA[CINF]]></category>
		<category><![CDATA[Cinnati Financial Corporation]]></category>
		<category><![CDATA[Endurance Specialty Holdings Limited]]></category>
		<category><![CDATA[ENH]]></category>
		<category><![CDATA[HMN]]></category>
		<category><![CDATA[Horace Mann Educators Corporation]]></category>
		<category><![CDATA[L]]></category>
		<category><![CDATA[Loews Corporation]]></category>
		<category><![CDATA[Manulife Financial Corporation]]></category>
		<category><![CDATA[Markel Corporation]]></category>
		<category><![CDATA[Meadowbrook Insurance Group Inc]]></category>
		<category><![CDATA[MET]]></category>
		<category><![CDATA[MetLife Inc.]]></category>
		<category><![CDATA[MFC]]></category>
		<category><![CDATA[MGIC Investment Corporation]]></category>
		<category><![CDATA[MIG]]></category>
		<category><![CDATA[MKL]]></category>
		<category><![CDATA[MTG]]></category>
		<category><![CDATA[OB]]></category>
		<category><![CDATA[OneBeacon Insurance Group]]></category>
		<category><![CDATA[PGR]]></category>
		<category><![CDATA[Phoenix Companies Inc.]]></category>
		<category><![CDATA[PNX]]></category>
		<category><![CDATA[PRA]]></category>
		<category><![CDATA[ProAssurance Corporation]]></category>
		<category><![CDATA[Progressive Corporation]]></category>
		<category><![CDATA[PRU]]></category>
		<category><![CDATA[Prudential Financial Inc.]]></category>
		<category><![CDATA[RenaissanceRe Holdings Limited]]></category>
		<category><![CDATA[RNR]]></category>

		<guid isPermaLink="false">http://www.stockbloghub.com/?p=91567</guid>
		<description><![CDATA[The impact of a series of natural disasters in 2011 and the ongoing economic uncertainty is still quite palpable in the performance of U.S. insurers. These impediments aside, there are fundamental challenges that are expected to come in the way insurers’ efforts to meet growing investor expectations in the upcoming quarters. Among the possible way outs of such difficulties, rising rates and pricing flexibility are primary. The overall health of the U.S. insurance industry has improved to some extent in the recent quarters, after enduring pricing pressures and reduced insured exposure for quite some time. The market turmoil resulting from the Great Recession forced many companies to take immense write-downs, but those memories are fast becoming a thing of the past. That said, continued soft market conditions, shrinking businesses, a ]]></description>
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		<slash:comments>0</slash:comments>
		</item>
		<item>
		<title>(PGR) Progressive Corporation Analyst Still Neutral on Shares</title>
		<link>http://www.stockbloghub.com/2011/11/30/pgr-progressive-corporation-analyst-still-neutral-on-shares/87747</link>
		<comments>http://www.stockbloghub.com/2011/11/30/pgr-progressive-corporation-analyst-still-neutral-on-shares/87747#comments</comments>
		<pubDate>Wed, 30 Nov 2011 18:50:50 +0000</pubDate>
		<dc:creator>vitalstocks</dc:creator>
				<category><![CDATA[Financial]]></category>
		<category><![CDATA[Property & Casualty Insurance]]></category>
		<category><![CDATA[ALL]]></category>
		<category><![CDATA[Allstate Corporation]]></category>
		<category><![CDATA[PGR]]></category>
		<category><![CDATA[Progressive Corporation]]></category>

		<guid isPermaLink="false">http://www.stockbloghub.com/?p=87747</guid>
		<description><![CDATA[Progressive Corp. (PGR) holds a dominant position in product, service and distribution innovation, especially in Personal Auto. The company continues to focus on customer retention, actively manage its capital position and return wealth to its shareholders. However, these positives are somewhat dwarfed by headwinds at its Commercial Auto businesses as well as higher combined ratio. We thus retain out Neutral recommendation on the company. Progressive is seen as a leader in product, service and distribution innovation. It is also a leader in underwriting technology and the application of quantitative analytics in pricing and risk selection. These attributes aid it in writing higher premiums. Net premiums written in the third quarter grew 4% with policies in force reporting growth of 5%. New businesses, higher premium per policy and customer retention helped ]]></description>
		<wfw:commentRss>http://www.stockbloghub.com/2011/11/30/pgr-progressive-corporation-analyst-still-neutral-on-shares/87747/feed</wfw:commentRss>
		<slash:comments>0</slash:comments>
		</item>
		<item>
		<title>(ALL) Allstate Aquires Esurance and Answer Financial from White Mountains Insurance Group</title>
		<link>http://www.stockbloghub.com/2011/10/13/all-allstate-aquires-esurance-and-answer-financial-from-white-mountains-insurance-group/85007</link>
		<comments>http://www.stockbloghub.com/2011/10/13/all-allstate-aquires-esurance-and-answer-financial-from-white-mountains-insurance-group/85007#comments</comments>
		<pubDate>Thu, 13 Oct 2011 16:32:20 +0000</pubDate>
		<dc:creator>vitalstocks</dc:creator>
				<category><![CDATA[Financial]]></category>
		<category><![CDATA[Property & Casualty Insurance]]></category>
		<category><![CDATA[ALL]]></category>
		<category><![CDATA[Allstate Corporation]]></category>
		<category><![CDATA[Berkshire Hathaway]]></category>
		<category><![CDATA[BRKB]]></category>
		<category><![CDATA[PGR]]></category>
		<category><![CDATA[PRA]]></category>
		<category><![CDATA[ProAssurance Corporation]]></category>
		<category><![CDATA[Progressive Corporation]]></category>
		<category><![CDATA[The Travelers Companies Inc.]]></category>
		<category><![CDATA[TRV]]></category>
		<category><![CDATA[White Mountains Insurance Group Limited]]></category>
		<category><![CDATA[WTM]]></category>

		<guid isPermaLink="false">http://www.stockbloghub.com/?p=85007</guid>
		<description><![CDATA[On Friday, Allstate Corp. (ALL) announced the completion of the acquisition of Esurance and Answer Financial from White Mountains Insurance Group Ltd. (WTM) for $1.0 billion. This marks the next biggest acquisition for the company since 1999, when it bought American Heritage Life Investment Corp., a life insurance company specializing in the workplace, for $1.1 billion. The impact of the acquisition on earnings is expected to be break-even by the second full year of ownership and accretive thereafter. While Answer Financial was acquired by Esurance three years ago, Esurance was acquired by White Mountains in 2009. Esurance is the third largest online auto insurer that has more than doubled its policies-in-force and grown premiums on an average of 20% per year over the last five years. Meanwhile, Answer Financial is ]]></description>
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		<slash:comments>0</slash:comments>
		</item>
		<item>
		<title>(XLF) Stock Market News for July 12, 2011 &#8211; Market News</title>
		<link>http://www.stockbloghub.com/2011/07/12/xlf-stock-market-news-for-july-12-2011-market-news/78891</link>
		<comments>http://www.stockbloghub.com/2011/07/12/xlf-stock-market-news-for-july-12-2011-market-news/78891#comments</comments>
		<pubDate>Tue, 12 Jul 2011 16:54:38 +0000</pubDate>
		<dc:creator>vitalstocks</dc:creator>
				<category><![CDATA[Exchange Traded Fund]]></category>
		<category><![CDATA[Financial]]></category>
		<category><![CDATA[AA]]></category>
		<category><![CDATA[Alcoa Inc.]]></category>
		<category><![CDATA[BA]]></category>
		<category><![CDATA[BAC]]></category>
		<category><![CDATA[Bank of America Corporation]]></category>
		<category><![CDATA[Boeing Company]]></category>
		<category><![CDATA[C]]></category>
		<category><![CDATA[Capital One Financial Corporation]]></category>
		<category><![CDATA[Citigroup Inc.]]></category>
		<category><![CDATA[COF]]></category>
		<category><![CDATA[Financial Select Sector SPDR]]></category>
		<category><![CDATA[Hewlett-Packard Company]]></category>
		<category><![CDATA[HPQ]]></category>
		<category><![CDATA[JPM]]></category>
		<category><![CDATA[JPMorgan Chase & Company]]></category>
		<category><![CDATA[PGR]]></category>
		<category><![CDATA[Progressive Corporation]]></category>
		<category><![CDATA[XLF]]></category>

		<guid isPermaLink="false">http://www.stockbloghub.com/?p=78891</guid>
		<description><![CDATA[On the opening day of the week, markets slipped to their lowest level in almost a month, as euro-zone debt worries dampened investor sentiment. Additionally, an impasse over budget talks dragged the mood lower while investors looked for direction from the earnings season, which was unofficially kicked-off by Alcoa, The Dow Jones Industrial Average (DJIA) plunged 1.2% to settle at 12,505.76. The Standard &#38; Poor 500 (S&#38;P 500) dropped 1.8% to close at 1,319.49. The Nasdaq Composite Index slipped 2.0% to finish at 2,802.62. The fear-gauge CBOE Volatility Index (VIX) surged 18% to settle at 18.8. On the New York Stock Exchange, AMEX and Nasdaq, consolidated volumes remained low at 6.55 billion shares, compared with last year&#8217;s daily average of 8.47 billion. On the NYSE, for every six stocks that ]]></description>
		<wfw:commentRss>http://www.stockbloghub.com/2011/07/12/xlf-stock-market-news-for-july-12-2011-market-news/78891/feed</wfw:commentRss>
		<slash:comments>0</slash:comments>
		</item>
		<item>
		<title>(PGR) Progressive Approves Share Buyback</title>
		<link>http://www.stockbloghub.com/2011/06/21/pgr-progressive-approves-share-buyback/76838</link>
		<comments>http://www.stockbloghub.com/2011/06/21/pgr-progressive-approves-share-buyback/76838#comments</comments>
		<pubDate>Tue, 21 Jun 2011 18:58:50 +0000</pubDate>
		<dc:creator>vitalstocks</dc:creator>
				<category><![CDATA[Financial]]></category>
		<category><![CDATA[Property & Casualty Insurance]]></category>
		<category><![CDATA[ALL]]></category>
		<category><![CDATA[Allstate Corporation]]></category>
		<category><![CDATA[PGR]]></category>
		<category><![CDATA[Progressive Corporation]]></category>

		<guid isPermaLink="false">http://www.stockbloghub.com/?p=76838</guid>
		<description><![CDATA[To return value to its shareholders, the board of directors of The Progressive Corporation (PGR) has authorized the company to buy back upto 75 million shares. The company is still left with 12.5 million shares as of May 31 to be bought back under the board&#8217;s June 2009 authorization. Previously in June 2009, the board had approved a 50 million share repurchase program. Progressive keeps aside a major part of its capital to meet regulatory requirements, business objectives and weather extreme contingencies. Excess capital kept aside for such purposes is used to either buy back shares, pay dividends or pursue acquisitions. Progressive has been successfully maintaining excess capital for the past few quarters, giving the company the flexibility to authorize another share repurchase program. Total capitalization at March 31, 2011 ]]></description>
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		<slash:comments>0</slash:comments>
		</item>
		<item>
		<title>(PGR) Progressive Beats Expectations in May</title>
		<link>http://www.stockbloghub.com/2011/06/20/pgr-progressive-beats-expectations-in-may/76574</link>
		<comments>http://www.stockbloghub.com/2011/06/20/pgr-progressive-beats-expectations-in-may/76574#comments</comments>
		<pubDate>Mon, 20 Jun 2011 16:20:28 +0000</pubDate>
		<dc:creator>vitalstocks</dc:creator>
				<category><![CDATA[Financial]]></category>
		<category><![CDATA[Property & Casualty Insurance]]></category>
		<category><![CDATA[ALL]]></category>
		<category><![CDATA[Allstate Corporation]]></category>
		<category><![CDATA[PGR]]></category>
		<category><![CDATA[Progressive Corporation]]></category>

		<guid isPermaLink="false">http://www.stockbloghub.com/?p=76574</guid>
		<description><![CDATA[Progressive Corp.’s (PGR) earnings per share for May 2011 were 11 cents, up from 7 cents earned in the year ago period. Net income increased 68% from the year-ago period to total $74.1 million. The company recorded net premiums of $1.13 billion during May 2011, up 2% from $1.11 billion in May 2010 but down 26% from $1.54 billion during April 2011. Net premiums earned were $1.14 billion, up 3% from $1.11 billion in the year-ago period and down 20% from $1.43 billion in the prior month. Net realized losses on securities were $0.4 million during May 2011, a considerable improvement from a loss of $15.1 million in May 2010, but lower than the gain of $24.6 million in April 2011. The combined ratio ? the percentage of premiums paid ]]></description>
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		<slash:comments>0</slash:comments>
		</item>
		<item>
		<title>(BRCM) Company News for April 15, 2011 &#8211; Corporate Summary</title>
		<link>http://www.stockbloghub.com/2011/04/17/brcm-company-news-for-april-15-2011-corporate-summary/71657</link>
		<comments>http://www.stockbloghub.com/2011/04/17/brcm-company-news-for-april-15-2011-corporate-summary/71657#comments</comments>
		<pubDate>Mon, 18 Apr 2011 04:56:00 +0000</pubDate>
		<dc:creator>vitalstocks</dc:creator>
				<category><![CDATA[Semiconductor - Integrated Circuits]]></category>
		<category><![CDATA[Technology]]></category>
		<category><![CDATA[BRCM]]></category>
		<category><![CDATA[Broadcom Corporation]]></category>
		<category><![CDATA[Cathay General Bancorp]]></category>
		<category><![CDATA[CATY]]></category>
		<category><![CDATA[Health Management Associates Inc]]></category>
		<category><![CDATA[HMA]]></category>
		<category><![CDATA[Lifepoint Hospitals Inc.]]></category>
		<category><![CDATA[LPNT]]></category>
		<category><![CDATA[MCD]]></category>
		<category><![CDATA[McDonald's Corporation]]></category>
		<category><![CDATA[PGR]]></category>
		<category><![CDATA[Progressive Corporation]]></category>
		<category><![CDATA[RenaissanceRe Holdings Limited]]></category>
		<category><![CDATA[RNR]]></category>
		<category><![CDATA[Rural-Metro Corporation]]></category>
		<category><![CDATA[RURL]]></category>
		<category><![CDATA[SUPERVALU Inc.]]></category>
		<category><![CDATA[SVU]]></category>

		<guid isPermaLink="false">http://www.stockbloghub.com/?p=71657</guid>
		<description><![CDATA[• SUPERVALU INC (NYSE:SVU) reported Q4 EPS of $0.44, beating the Zacks Consensus Estimate of $0.35 per share. Revenues for the quarter fell 5.4% year-over-year to $8.70 billion, missing consensus estimates of $8.751 billion • The Progressive Corp (NYSE:PGR) reported Q1 EPS of $0.55, ahead of the Zacks Consensus Estimate for $0.43 per share • Argentina based company ARCOS DORADOS HOLDINGS INC (NYSE:ARCO) made its debut on the US markets. Share prices rocketed 29% on its first day of trading. The company is one of the biggest operators of McDonalds with more than 1,700 McDonald’s Corp. (NYSE:MCD) franchises in Latin America • Analysts at Auriga have started coverage on Broadcom Corporation (NASDAQ:BRCM) with a “Buy” rating and with a target price of $50.00 • Macquarie analysts initiated coverage on shares of Cathay General Bancorp (NASDAQ:CATY) ]]></description>
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		<slash:comments>0</slash:comments>
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		<item>
		<title>(PGR) Progressive&#8217;s Earnings Report Disappoints</title>
		<link>http://www.stockbloghub.com/2010/05/23/pgr-progressives-earnings-report-disappoints/38007</link>
		<comments>http://www.stockbloghub.com/2010/05/23/pgr-progressives-earnings-report-disappoints/38007#comments</comments>
		<pubDate>Sun, 23 May 2010 20:37:55 +0000</pubDate>
		<dc:creator>vitalstocks</dc:creator>
				<category><![CDATA[Financial]]></category>
		<category><![CDATA[Property & Casualty Insurance]]></category>
		<category><![CDATA[PGR]]></category>
		<category><![CDATA[Progressive Corporation]]></category>

		<guid isPermaLink="false">http://www.stockbloghub.com/?p=38007</guid>
		<description><![CDATA[Progressive Corporation’s (PGR) net income for April 2010 came in at $111.1 million, down 4% from $116.2 million recorded in the comparable year-ago period. Income for the reported month was also down by 12% from $126.3 million reported in March 2010. However, earnings per share remained flat compared with the year-ago month at 17 cents. This compares unfavorably with earnings of 19 cents per share reported in March 2010. Higher expenses primary resulted in lower earnings for the reported month. The company, which reports results on a monthly basis, recorded a net premium written of $1,473.7 million, up 4% from $1,414.5 million in April 2009 and 23.6% from $1,192.6 million in March 2010. Net premiums earned were $1,374.5 million, up 4% from $1,322.2 million in the year-ago period and 21.1% ]]></description>
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		<slash:comments>0</slash:comments>
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		<item>
		<title>(PGR) Progressive&#8217;s Earnings Report Beats Estimate</title>
		<link>http://www.stockbloghub.com/2010/04/14/pgr-progressives-earnings-report-beats-estimate/33848</link>
		<comments>http://www.stockbloghub.com/2010/04/14/pgr-progressives-earnings-report-beats-estimate/33848#comments</comments>
		<pubDate>Wed, 14 Apr 2010 22:30:58 +0000</pubDate>
		<dc:creator>vitalstocks</dc:creator>
				<category><![CDATA[Financial]]></category>
		<category><![CDATA[Property & Casualty Insurance]]></category>
		<category><![CDATA[PGR]]></category>
		<category><![CDATA[Progressive Corporation]]></category>

		<guid isPermaLink="false">http://www.stockbloghub.com/?p=33848</guid>
		<description><![CDATA[Progressive Corp. (PGR) reported first quarter earnings of 44 cents per share compared to earnings of 35 cents in the year-ago period. Excluding the impact of realized gains and losses, the company earned 41 cents per share in the quarter, exceeding the Zacks Consensus Estimate of 37 cents. The beat is primarily driven by increased premiums earned. Progressive’s net premiums written increased 7% year-over-year to $3.8 billion. Net premiums earned were up 3% year-over-year to $3.5 billion. Additionally, Progressive experienced a considerable investment gain in the quarter. The company recorded a pre-tax investment gain of $30.8 million, compared to a loss of $73.4 million in the year-ago quarter. Combined ratio, which reflects the percentage of premiums paid out as claims and expenses, slightly deteriorated to 90.9% from 89.5% recorded in ]]></description>
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		<slash:comments>0</slash:comments>
		</item>
		<item>
		<title>(PGR) Progressive Corporation&#8217;s Income Falls</title>
		<link>http://www.stockbloghub.com/2010/03/19/pgr-progressive-corporations-income-falls-2/31263</link>
		<comments>http://www.stockbloghub.com/2010/03/19/pgr-progressive-corporations-income-falls-2/31263#comments</comments>
		<pubDate>Fri, 19 Mar 2010 22:25:53 +0000</pubDate>
		<dc:creator>vitalstocks</dc:creator>
				<category><![CDATA[Financial]]></category>
		<category><![CDATA[Property & Casualty Insurance]]></category>
		<category><![CDATA[PGR]]></category>
		<category><![CDATA[Progressive Corporation]]></category>

		<guid isPermaLink="false">http://www.stockbloghub.com/?p=31263</guid>
		<description><![CDATA[Auto insurer Progressive Corporation’s (PGR) earnings for February fell to 15 cents per share from 19 cents in the year-ago period. The decline reflects a decrease in realized gains on securities in the reported month compared with the prior-year period. The company, which reports earnings on a monthly basis, disclosed an income of $98.1 million, down 22% from $125.7 million in the prior-year period. However, net premiums written were up 11% to $1.2 billion while net premiums earned increased 3% year-over-year to $1.1 billion. Realized gains on securities were $11.9 million, down from $43.2 million in the prior-year period. The premium growth reflects the variability in disclosing monthly results. For example, February 28, which includes six-month renewals from policies written during the last several days of August, falls in fiscal ]]></description>
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		<slash:comments>0</slash:comments>
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		<item>
		<title>(PGR) Earnings Season Almost Complete &#8211; Earnings Preview</title>
		<link>http://www.stockbloghub.com/2010/02/28/pgr-earnings-season-almost-complete-earnings-preview/29127</link>
		<comments>http://www.stockbloghub.com/2010/02/28/pgr-earnings-season-almost-complete-earnings-preview/29127#comments</comments>
		<pubDate>Mon, 01 Mar 2010 04:10:14 +0000</pubDate>
		<dc:creator>vitalstocks</dc:creator>
				<category><![CDATA[Financial]]></category>
		<category><![CDATA[Property & Casualty Insurance]]></category>
		<category><![CDATA[ArcSight Inc]]></category>
		<category><![CDATA[ARD]]></category>
		<category><![CDATA[Arena Resources Inc]]></category>
		<category><![CDATA[ARST]]></category>
		<category><![CDATA[BIG]]></category>
		<category><![CDATA[Big Lots Inc.]]></category>
		<category><![CDATA[CHDN]]></category>
		<category><![CDATA[Churchill Downs Inc.]]></category>
		<category><![CDATA[COST]]></category>
		<category><![CDATA[Costco Wholesale Corporation]]></category>
		<category><![CDATA[F]]></category>
		<category><![CDATA[Ford Motor Company]]></category>
		<category><![CDATA[PGR]]></category>
		<category><![CDATA[Progressive Corporation]]></category>
		<category><![CDATA[Ready Mix Inc]]></category>
		<category><![CDATA[RMX]]></category>
		<category><![CDATA[TM]]></category>
		<category><![CDATA[Toyota Motor Corporation]]></category>

		<guid isPermaLink="false">http://www.stockbloghub.com/?p=29127</guid>
		<description><![CDATA[Earnings Preview 2/26/10 Earnings season is winding down, but that does not mean it is over. Next week will bring 296 earnings reports, though just 11 members of the S&#38;P 500. Some of the higher profile firms to report will be Progressive Insurance (PGR), Costco (COST) and Big Lots (BIG). While the earnings news will be lighter next week than it has been recently, there will be lots of economic data released, starting with data on personal income and spending, both ISM indexes and ending the week with the always extremely important employment report on Friday. Monday • Personal Income will be reported and it expected to rise by 0.4% for January, matching a 0.4% rise in December • Personal spending is expected to have risen 0.4% (seasonally adjusted) in January, up ]]></description>
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		<slash:comments>0</slash:comments>
		</item>
		<item>
		<title>(PGR) Progressive&#8217;s Earnings Report Exceeds Expectations</title>
		<link>http://www.stockbloghub.com/2010/01/20/pgr-progressives-earnings-report-exceeds-expectations/25453</link>
		<comments>http://www.stockbloghub.com/2010/01/20/pgr-progressives-earnings-report-exceeds-expectations/25453#comments</comments>
		<pubDate>Wed, 20 Jan 2010 22:48:41 +0000</pubDate>
		<dc:creator>vitalstocks</dc:creator>
				<category><![CDATA[Financial]]></category>
		<category><![CDATA[Property & Casualty Insurance]]></category>
		<category><![CDATA[PGR]]></category>
		<category><![CDATA[Progressive Corporation]]></category>

		<guid isPermaLink="false">http://www.stockbloghub.com/?p=25453</guid>
		<description><![CDATA[Progressive Corp.’s (PGR) fourth quarter earnings of 46 cents per share were ahead of the Zacks Consensus Estimate of 37 cents and almost double the prior-year quarter’s earnings of 24 cents. Investment gains coupled with increased premium writings have contributed to this result. Furthermore, the results included the impact of an additional week’s activity in December 2009. For the full year 2009, Progressive earned $1.1 billion, or $1.57 per share, compared to a loss of $70.0 million, or 10 cents in 2008. Progressive’s net premiums written increased 10% year-over-year to $3.4 billion. The company recorded a pre-tax investment gain of $45.8 million, compared to a loss of $59.3 million in the year-ago quarter. Combined ratio, which reflects the percentage of premiums paid out as claims and expenses, improved to 91.5% ]]></description>
		<wfw:commentRss>http://www.stockbloghub.com/2010/01/20/pgr-progressives-earnings-report-exceeds-expectations/25453/feed</wfw:commentRss>
		<slash:comments>0</slash:comments>
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		<item>
		<title>(PGR) Progressive Corporation&#8217;s Earnings Fall</title>
		<link>http://www.stockbloghub.com/2009/12/10/pgr-progressive-corporations-earnings-fall/22513</link>
		<comments>http://www.stockbloghub.com/2009/12/10/pgr-progressive-corporations-earnings-fall/22513#comments</comments>
		<pubDate>Thu, 10 Dec 2009 21:39:09 +0000</pubDate>
		<dc:creator>vitalstocks</dc:creator>
				<category><![CDATA[Financial]]></category>
		<category><![CDATA[Property & Casualty Insurance]]></category>
		<category><![CDATA[PGR]]></category>
		<category><![CDATA[Progressive Corporation]]></category>

		<guid isPermaLink="false">http://www.stockbloghub.com/?p=22513</guid>
		<description><![CDATA[Auto insurer Progressive Corporation’s (PGR) earnings for November fell to 12 cents per share compared with 20 cents in the year-ago period. Though the company achieved a growth in premium writings, the year-over-year decline in earnings reflect a large gain from the sale of U.S. Treasury securities in the prior-year period. The company, which reports earnings on a monthly basis, disclosed an income of $80.0 million, down from $137.5 million in the prior-year period. In November 2008, Progressive experienced $100.1 million of net realized gains, primarily from the U.S. Treasury securities sale for tax-planning purposes. Realized gains in November 2009 were $6.1 million. Progressive’s net premiums written increased 2% year-over-year to $942.1 million. Combined ratio, which reflects the percentage of premiums paid out as claims and expenses, improved to 92.2% ]]></description>
		<wfw:commentRss>http://www.stockbloghub.com/2009/12/10/pgr-progressive-corporations-earnings-fall/22513/feed</wfw:commentRss>
		<slash:comments>0</slash:comments>
		</item>
		<item>
		<title>(PGR) The Progressive Corporation&#8217;s Credit Ratings Affirmed</title>
		<link>http://www.stockbloghub.com/2009/12/08/pgr-the-progressive-corporations-credit-ratings-affirmed/22201</link>
		<comments>http://www.stockbloghub.com/2009/12/08/pgr-the-progressive-corporations-credit-ratings-affirmed/22201#comments</comments>
		<pubDate>Tue, 08 Dec 2009 18:59:41 +0000</pubDate>
		<dc:creator>vitalstocks</dc:creator>
				<category><![CDATA[Financial]]></category>
		<category><![CDATA[Property & Casualty Insurance]]></category>
		<category><![CDATA[PGR]]></category>
		<category><![CDATA[Progressive Corporation]]></category>

		<guid isPermaLink="false">http://www.stockbloghub.com/?p=22201</guid>
		<description><![CDATA[The Progressive Corporation (PGR) and its subsidiaries’ ratings have recently been affirmed by A.M. Best Company. The rating agency has affirmed Progressive’s issuer credit ratings of &#8220;a-&#8221; as well as all of its debt ratings. Additionally, the agency has affirmed the financial strength ratings of A+ (Superior) and issuer credit ratings of &#8220;aa&#8221; of the Progressive Agency Pool, Progressive Direct Pool and Progressive Commercial Auto Group and their respective members. A.M. Best also has affirmed the financial strength ratings of A (Excellent) and issuer credit ratings of &#8220;a+&#8221; of National Continental Insurance Company. The outlook assigned for all ratings is stable. The ratings affirmation reflects Progressive’s solid capital position, sturdy operating performances and its reasonable competitive advantages. These positives are partially offset by its high underwriting leverage relative to industry ]]></description>
		<wfw:commentRss>http://www.stockbloghub.com/2009/12/08/pgr-the-progressive-corporations-credit-ratings-affirmed/22201/feed</wfw:commentRss>
		<slash:comments>0</slash:comments>
		</item>
		<item>
		<title>(PGR) Progressive Corporation&#8217;s Income Falls</title>
		<link>http://www.stockbloghub.com/2009/11/12/pgr-progressive-corporations-income-falls/20376</link>
		<comments>http://www.stockbloghub.com/2009/11/12/pgr-progressive-corporations-income-falls/20376#comments</comments>
		<pubDate>Thu, 12 Nov 2009 16:11:28 +0000</pubDate>
		<dc:creator>vitalstocks</dc:creator>
				<category><![CDATA[Financial]]></category>
		<category><![CDATA[Property & Casualty Insurance]]></category>
		<category><![CDATA[ALL]]></category>
		<category><![CDATA[Allstate Corporation]]></category>
		<category><![CDATA[Infinity Property and Casualty Corporation]]></category>
		<category><![CDATA[Insured Municipal Income Fund Inc]]></category>
		<category><![CDATA[IPCC]]></category>
		<category><![CDATA[PGR]]></category>
		<category><![CDATA[PIF]]></category>
		<category><![CDATA[Progressive Corporation]]></category>
		<category><![CDATA[State Auto Financial Corporation]]></category>
		<category><![CDATA[STFC]]></category>

		<guid isPermaLink="false">http://www.stockbloghub.com/?p=20376</guid>
		<description><![CDATA[Auto insurer Progressive Corporation’s (PGR) income for October fell to 16 cents per share compared with 22 cents in the year-ago period. Though the company has posted a growth in premium writings, realized gains were lower in the quarter compared to the year-ago quarter. The company, which reports earnings on a monthly basis, disclosed an income of $106.7 million, down from $145.0 million in the prior-year period. Progressive’s net premiums written increased 3% year-over-year to $1.3 billion. The company recorded a pre-tax investment gain of $20.0 million, compared with $88.4 million in the year-ago quarter. Combined ratio, which reflects the percentage of premiums paid out as claims and expenses, improved to 91.6% from 93.2% recorded in the year-ago period. Policies in force (PIF) were good in Personal Auto and Special ]]></description>
		<wfw:commentRss>http://www.stockbloghub.com/2009/11/12/pgr-progressive-corporations-income-falls/20376/feed</wfw:commentRss>
		<slash:comments>0</slash:comments>
		</item>
		<item>
		<title>(PGR) Progressive Corporation Surpasses Estimates</title>
		<link>http://www.stockbloghub.com/2009/10/16/pgr-progressive-corporation-surpasses-estimates/17708</link>
		<comments>http://www.stockbloghub.com/2009/10/16/pgr-progressive-corporation-surpasses-estimates/17708#comments</comments>
		<pubDate>Fri, 16 Oct 2009 21:10:05 +0000</pubDate>
		<dc:creator>vitalstocks</dc:creator>
				<category><![CDATA[Financial]]></category>
		<category><![CDATA[Property & Casualty Insurance]]></category>
		<category><![CDATA[ALL]]></category>
		<category><![CDATA[Allstate Corporation]]></category>
		<category><![CDATA[Infinity Property and Casualty Corporation]]></category>
		<category><![CDATA[IPCC]]></category>
		<category><![CDATA[PGR]]></category>
		<category><![CDATA[Progressive Corporation]]></category>
		<category><![CDATA[State Auto Financial Corporation]]></category>
		<category><![CDATA[STFC]]></category>

		<guid isPermaLink="false">http://www.stockbloghub.com/?p=17708</guid>
		<description><![CDATA[Progressive Corp.’s (PGR) third quarter earnings of 40 cents per share were 7 pennies ahead of the Zacks Consensus Estimate of 33 cents. Investment gains coupled with increase in premiums written have contributed to this result. Also, provisions for income taxes were reduced by $18.0 million in September 2009. As with the improvement in investment market conditions, the company reversed the remaining valuation on its deferred tax asset. Progressive’s net premiums written increased 1% year-over-year to $3.55 billion. The company recorded a pre-tax investment gain of $38.8 million, compared to a loss of $1.4 billion in the year-ago quarter. Combined ratio, which reflects the percentage of premiums paid out as claims and expenses, improved to 92.7% from 95.1% recorded in the year-ago period. Policies in force were good in Personal ]]></description>
		<wfw:commentRss>http://www.stockbloghub.com/2009/10/16/pgr-progressive-corporation-surpasses-estimates/17708/feed</wfw:commentRss>
		<slash:comments>0</slash:comments>
		</item>
		<item>
		<title>(PGR) Progressive Corporation: Earnings Preview</title>
		<link>http://www.stockbloghub.com/2009/10/13/pgr-progressive-corporation-earnings-preview/17474</link>
		<comments>http://www.stockbloghub.com/2009/10/13/pgr-progressive-corporation-earnings-preview/17474#comments</comments>
		<pubDate>Tue, 13 Oct 2009 19:30:05 +0000</pubDate>
		<dc:creator>vitalstocks</dc:creator>
				<category><![CDATA[Financial]]></category>
		<category><![CDATA[Property & Casualty Insurance]]></category>
		<category><![CDATA[ALL]]></category>
		<category><![CDATA[Allstate Corporation]]></category>
		<category><![CDATA[Infinity Property and Casualty Corporation]]></category>
		<category><![CDATA[IPCC]]></category>
		<category><![CDATA[PGR]]></category>
		<category><![CDATA[Progressive Corporation]]></category>
		<category><![CDATA[State Auto Financial Corporation]]></category>
		<category><![CDATA[STFC]]></category>

		<guid isPermaLink="false">http://www.stockbloghub.com/?p=17474</guid>
		<description><![CDATA[Progressive Corp. (PGR) is expected to release its third quarter results before the market opens on Oct 14. The Zacks Consensus Estimate for this stock is 33 cents per share. In the prior-year period, the company had reported earnings of 31 cents per share. Progressive’s earnings for August were impressive as the company benefited from an increase in premiums written and steered clear of investment losses. The company, which reports earnings on a monthly basis, posted a profit of $55 million, or 8 cents per share, compared to a loss of $135.2 million, or 20 cents, a year ago. However, the Commercial Auto segment still remained a drag. For July, earnings came in at 17 cents per share, significantly up from 12 cents per share reported in the year-ago period. ]]></description>
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