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Stock Market & Financial Investment News

News Breaks
December 12, 2012
11:06 EDTPGRProgressive says total cost for Superstorm Sandy 'nearly' $90M
Progressive said earlier this morning that, "In November, we incurred catastrophe losses of about $34M, or 2.7 loss ratio points, primarily in New York and New Jersey related to Superstorm Sandy, reflecting higher severity than originally estimated. The total cost for this late-season storm is nearly $90M, bringing our total year-to-date catastrophe losses to $264M, or 1.8 points, compared to $204M, or 1.5 points, last year." Reference Link
News For PGR From The Last 14 Days
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December 18, 2014
09:20 EDTPGRProgressive ratings affirmed by A.M. Best
A.M. Best has affirmed the financial strength rating of A+ and the issuer credit ratings of “aa” of the members of Progressive Agency Pool, Progressive Direct Pool and Progressive Commercial Auto Group. A.M. Best also has affirmed the FSR of A and ICR of “a+” of National Continental Insurance Company. Additionally, A.M. Best has affirmed the ICR of “a” and all debt ratings of the parent holding company, The Progressive Corporation. The outlook for all ratings is stable. Progressive recently announced that it has agreed to acquire a controlling position in ARX Holding Corp., the parent company of American Strategic Insurance Corp and its affiliates, in an all-cash transaction valued at approximately $875M. The transaction, which is anticipated to close by April 1, 2015, is not expected to impact Progressive’s existing ratings and outlook, A.M. Best said.
December 17, 2014
12:40 EDTPGRProgressive buys Flexpoint's minority stake in ARX Holding
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December 16, 2014
08:41 EDTPGRProgressive acquires controlling position in ARX Holding for $875M in cash
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December 10, 2014
08:39 EDTPGRProgressive reports Nov. net premiums written up 9% to $1.3B
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December 9, 2014
10:23 EDTPGROn The Fly: Analyst Initiation Summary
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06:57 EDTPGRProgressive initiated with a Neutral at JPMorgan
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