Personal Auto Results Slow to Recover; GEICO, Progressive to Pass State Farm

July 19, 2022

  • July 20, 2022 at 9:14 am
    Arthro says:
    Like or Dislike:
    Thumb up 3
    Thumb down 1

    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?

    • July 20, 2022 at 11:59 am
      oktober says:
      Like or Dislike:
      Thumb up 4
      Thumb down 1

      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.

  • July 20, 2022 at 11:58 am
    Scace says:
    Like or Dislike:
    Thumb up 0
    Thumb down 0

    Interesting forward looking analysis!

  • July 22, 2022 at 9:56 am
    Jiminem. says:
    Like or Dislike:
    Thumb up 0
    Thumb down 0

    If Progressive gobbled up The Hartford’s HO program, they could make a significant impact on SF. Just sayin’



Add a Comment

Your email address will not be published. Required fields are marked *

*