These traditional differentiators face a dilemma: Continue to harvest existing share and compete for an ever-shrinking industry segment, or significantly alter the historical business models originally responsible for their market position. (Photo: Shutterstock) These traditional differentiators face a dilemma: Continue to harvest existing share and compete for an ever-shrinking industry segment, or significantly alter the historical business models originally responsible for their market position. (Photo: Shutterstock)

The good news story for Progressive's auto insurance business continued with the release of its December 2018 Earnings Report. The company's 2018 auto growth of more than 1.6 million policies, with a P&C combined ratio under 90, further accelerated a larger auto insurance industry trend many years in the making. For traditional brand differentiators, Progressive's recent results will deepen competitive concerns and intensify the search for new growth levers.

Want to continue reading?
Become a Free PropertyCasualty360 Digital Reader

  • All PropertyCasualty360.com news coverage, best practices, and in-depth analysis.
  • Educational webcasts, resources from industry leaders, and informative newsletters.
  • Other award-winning websites including BenefitsPRO.com and ThinkAdvisor.com.
NOT FOR REPRINT

© 2024 ALM Global, LLC, All Rights Reserved. Request academic re-use from www.copyright.com. All other uses, submit a request to [email protected]. For more information visit Asset & Logo Licensing.

Auto
Education & Training
Personal Lines
Corporate Risk
Loss Control
Analytics & Data
Technology Implementation
Technology Solutions