Tuesday, July 10, 2007

Progressive Corp.

Progressive Corp. is among the world’s largest Property and Casualty Insurance sector businesses in the world. Progressive Corp.’s employees generate $1.574B in profits on $14.800B of revenue. Global output in the Property and Casualty Insurance business will likely rise substantially over the next 10 years. Long-term economic growth may lift all boats, but Progressive Corp. is determined to remain a market leader. Sectoral leadership in the Property and Casualty Insurance segment takes dedication and consistency, but management seeks out-sized growth.

Progressive Corp.’s ticker symbol PGR has recently been trading near $23.72 a share. The Progressive Corp. corporate headquarters in Mayfield Village OH predicts Property and Casualty Insurance profits will satisfy shareholders in search of risk-appropriate returns.

The significance of market volume is sometimes ignored, but with a total market capitalization of $17.463B ensures sufficient liquidity. With a beta of 0.19, the company is less volatile than the market as a whole. When the average equity moves lower, Progressive Corp. moves less aggressively.

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