Progressive upgraded to Outperform from Market Perform at William Blair William Blair upgraded Progressive citing negative investor sentiment and expectations for earnings growth acceleration in 2015. The firm raised its 2015 earnings estimate to $1.80 from $1.65 and calls Progressive its top pick in the Property & Casualty large-cap space.
Progressive reports September net premiums written up 5% to $1.42B Reports September net premiums earned up 6% to $1.4B. Reports September net income up 49% to $92M. Reports September net income per share 16c vs. 10c last year.