NU Online News Service, Nov. 8, 3:03 p.m. EST
Progressive's chief executive says the company doesn't have a lot of data, but it knows it has something “very appealing” in its Snapshot product.
During a conference call to discuss third-quarter earnings, Chief Executive Officer Glenn Renwick told analysts the take-up rate for the Snapshot product is “very good” and the “overall retention is up meaningfully,” exceeding the auto insurer's estimates.
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