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4-Traders Homepage  >  Equities  >  Nyse  >  Progressive Corp    PGR

Delayed Quote. Delayed  - 07/22 10:02:18 pm
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PROGRESSIVE CORP : Progressive Named to InformationWeek 500 for 12th Year in a Row

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09/14/2011 | 06:30pm CEST

InformationWeek magazine has named Progressive car insurance to its annual list of the country's most innovative users of business technology. Progressive was ranked on the InformationWeek 500 for its mobile quoting platform, which gives consumers the ability to get Progressive car insurance quotes with a mobile device. Currently, mobile quoting is available in 40 states.

"We've worked hard to enhance our mobile capabilities over the past year, adding high-value features like the ability to get a quote and buy car insurance," said Matt Lehman, Progressive's mobile business leader. "We're tapping into consumers' increasing use of mobile technology to make it easier for people to connect with us."

Progressive recently unveiled new mobile offerings, giving consumers even more ways to buy and manage their car insurance policies. Among the new and enhanced mobile services are:

  • VIN Capture: Now customers can simply take a picture of a car's Vehicle Identification Number (VIN) bar code and find out what it might cost to insure it.
  • Snapshot Discount® updates: New customers can enroll in Progressive's one-of-a-kind Snapshot program. Customers can review their projected discount by visiting http://mobile.progressive.com and logging into their policy.
  • Policy changes and payments on-the-go: Drivers can easily update their address and contact information or make a payment by going to http://mobile.progressive.com from their smartphone.
  • Severe weather text alerts: Consumers can now receive advanced warning of bad weather by signing up for free severe-weather text alerts at http://www.progressive.com/weatheralerts.
  • Enhanced access to important insurance information: Customers can now access their VINs, policy dates, insurance coverages, and all vehicles listed on the policy from their smartphones.

To learn more about Progressive's mobile offerings, visit http://www.progressive.com/resources/mobile-hub.aspx.

About Progressive

The Progressive Group of Insurance Companies makes it easy to understand, buy, and use auto insurance. Progressive offers choices so consumers can reach us whenever, wherever, and however it's most convenient for them--online at progressive.com, by phone at 1-800-PROGRESSIVE, or in-person with a local agent.

Progressive offers insurance for personal and commercial autos and trucks, motorcycles, boats, recreational vehicles, and homes. It's the fourth largest auto insurer in the country, the largest seller of motorcycle insurance, and a leader in commercial auto insurance. Progressive also offers car insurance online in Australia at http://www.progressiveonline.com.au.

Founded in 1937, Progressive continues its long history of offering shopping tools and services that save customers time and money, like Name Your Price®, the Snapshot Discount®, and a concierge level of claims service.

The Common Shares of The Progressive Corporation, the Mayfield Village, Ohio-based holding company, trade publicly at (NYSE:PGR).

Progressive PR
Brittany Senary, 440-395-7249
bsenary1@progressive.com


© Business Wire 2011
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Financials ($)
Sales 2016 22 780 M
EBIT 2016 1 378 M
Net income 2016 1 023 M
Debt 2016 -
Yield 2016 2,16%
P/E ratio 2016 18,61
P/E ratio 2017 15,23
Capi. / Sales 2016 0,85x
Capi. / Sales 2017 0,78x
Capitalization 19 280 M
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Mean consensus HOLD
Number of Analysts 23
Average target price 32,8 $
Spread / Average Target -0,92%
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Managers
NameTitle
Tricia Griffith President, Chief Executive Officer & Director
Glenn M. Renwick Executive Chairman
John P. Sauerland Chief Financial Officer
Steven A. Broz Chief Information Officer
Bradley T. Sheares Independent Director
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