Log in
E-mail
Password
Remember
Forgot password ?
Become a member for free
Sign up
Sign up
Settings
Settings
Dynamic quotes 
OFFON

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

SummaryQuotesChartsNewsAnalysisCalendarCompanyFinancialsConsensusRevisions 
News SummaryMost relevantAll newsSector newsTweets

The Progressive Corporation : Progressive Announces Annual Meeting Results

share with twitter share with LinkedIn share with facebook
share via e-mail
0
04/20/2012 | 08:30pm CEST

At the Annual Meeting of Shareholders of The Progressive Corporation today, Progressive's shareholders:

  • elected the following directors:
    • Roger N. Farah, for a three-year term
    • Stephen R. Hardis, for a three-year term
    • Heidi G. Miller, Ph.D., for a two-year term, and
    • Bradley T. Sheares, Ph.D., for a three-year term.
  • approved an amendment to our Code of Regulations eliminating the supermajority voting requirement for shareholders to amend specified sections of the Code of Regulations;
  • approved an amendment to our Code of Regulations to declassify the Board of Directors and provide for the annual election of directors;
  • approved an amendment to our Code of Regulations to fix the number of directors at 11;
  • approved an amendment to our Code of Regulations to revise the procedures for fixing the number of director positions within the limits set forth in the Code of Regulations;
  • approved an amendment to our Code of Regulations allowing our Board of Directors to amend the Code of Regulations as and to the extent permitted by Ohio law;
  • approved an amendment to our Code of Regulations to provide that the Annual Meeting of Shareholders will be held at such time and on a date, no later than June 30, as may be fixed by the Board of Directors;
  • approved our executive compensation program in an advisory vote;
  • re-approved performance criteria set forth in our 2007 Executive Bonus Plan;
  • approved an amendment to our 2010 Equity Incentive Plan to add investment performance as a new performance goal under the plan;
  • approved an amendment to our 2003 Directors Equity Incentive Plan to extend the term of the plan, to eliminate the buyout provisions relating to stock option awards, and to modify the definition of "change in control"; and
  • ratified the appointment of PricewaterhouseCoopers LLP as our independent registered public accounting firm for 2012.

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 http://www.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. We're 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).

The Progressive Corporation
Matt Downing, 440-395-4222
http://www.progressive.com


© Business Wire 2012
share with twitter share with LinkedIn share with facebook
share via e-mail
0
Latest news on PROGRESSIVE CORP
09/19 Bob Evans and Progressive rise; Rite Aid and Centene skid
09/19DJPROGRESSIVE : Reports Hurricane Harvey Linked to 90% of Total Catastrophe Losses..
09/19 PROGRESSIVE CORP/OH/ : Regulation FD Disclosure, Financial Statements and Exhibi..
09/19 PROGRESSIVE : Reports August 2017 Results
09/08DJWhy Insurers Are More Exposed to Cars Than Homes in Harvey's Wake
09/06 PROGRESSIVE : Drivers think distracted driving is causing more accidents than dr..
09/05 Florida insurers shares tumble as Hurricane Irma looms
09/05DJHot Stocks to Watch in the U.S. and Canada
08/16 PROGRESSIVE CORP/OH/ : Regulation FD Disclosure, Financial Statements and Exhibi..
08/16 PROGRESSIVE : Reports July 2017 Results
More news
News from SeekingAlpha
09/19 Progressive's August numbers better than hoped; shares up 3%
09/15 Hurricane Harvey Unlikely To Boost Pricing Power For Insurers
09/11 Big day for insurers on tap as Irma less than feared
09/11 Hurricane Irma pushes through Florida
09/10 Hurricane Irma slams into Florida
Financials ($)
Sales 2017 26 587 M
EBIT 2017 2 024 M
Net income 2017 1 430 M
Debt 2017 -
Yield 2017 1,91%
P/E ratio 2017 19,47
P/E ratio 2018 17,10
Capi. / Sales 2017 1,05x
Capi. / Sales 2018 0,94x
Capitalization 27 890 M
Chart PROGRESSIVE CORP
Duration : Period :
Progressive Corp Technical Analysis Chart | PGR | US7433151039 | 4-Traders
Technical analysis trends PROGRESSIVE CORP
Short TermMid-TermLong Term
TrendsNeutralNeutralBullish
Income Statement Evolution
Consensus
Sell
Buy
Mean consensus OUTPERFORM
Number of Analysts 19
Average target price 48,5 $
Spread / Average Target 1,0%
EPS Revisions
Managers
NameTitle
Tricia Griffith President, Chief Executive Officer & Director
Glenn M. Renwick Non-Executive Chairman
John P. Sauerland Chief Financial Officer & Vice President
Steven A. Broz Chief Information Officer
Bradley T. Sheares Independent Director
Sector and Competitors
1st jan.Capitalization (M$)
PROGRESSIVE CORP35.21%27 890
PICC PROPERTY & CASUALTY CO., LTD.14.33%25 957
PEOPLE'S INSURANCE CO (GROUP) OF CHINA11.76%18 571
ADMIRAL GROUP-0.99%7 002
TRYG A/S12.37%6 287
DONGBU INSURANCE CO., LTD.--.--%4 566