State Farm is experiencing flat growth??? They just came off two of their biggest years in company history. Also, how do you figure that Geico and Progressive will overtake State Farm in terms of premium volume? State Farm has a much larger market share of autos (and homes). Are Geico and Progressive charging substantially higher premiums for their auto policies?
State Farm is relatively flat in premium volume growth in auto insurance. Progressive has been growing premium volume by 10%-15% every year, so has Geico. So, they’ll overtake State Farm in premium volume in AUTO insurance. State Farm will still be a large company with a much large market share of homeowners. Progressive is already substantially larger in commercial auto than State Farm. But, Progressive doesn’t do well at underwriting homeowners.
State Farm is experiencing flat growth??? They just came off two of their biggest years in company history. Also, how do you figure that Geico and Progressive will overtake State Farm in terms of premium volume? State Farm has a much larger market share of autos (and homes). Are Geico and Progressive charging substantially higher premiums for their auto policies?
State Farm is relatively flat in premium volume growth in auto insurance. Progressive has been growing premium volume by 10%-15% every year, so has Geico. So, they’ll overtake State Farm in premium volume in AUTO insurance. State Farm will still be a large company with a much large market share of homeowners. Progressive is already substantially larger in commercial auto than State Farm. But, Progressive doesn’t do well at underwriting homeowners.
Interesting forward looking analysis!
If Progressive gobbled up The Hartford’s HO program, they could make a significant impact on SF. Just sayin’