Progressive Continues to Grow

As far as auto insurance companies go, if one didn’t know any better you would think that Progressive was a leader in the industry. They have some of the best commercials out there, and their web site is an excellent source of both information on the auto insurance company and on their rivals.
 
However, believe it or not, the auto insurance company is only fourth in the rankings. But this is something they are working hard to change – and they are quickly moving up in the numbers. The auto insurance company is currently trading around $16 a share, but according to experts they expect their numbers to range around $21 a share within the next year. They say that according to their numbers, last year they were running $1.45 a share for profits, and now they are running $1.47 a share – a big change.
 
The auto insurance company is working hard to improve their rankings, and one of the ways they do this is to really work hard to keep their customers happy. In a recent study, those that were customers of the auto insurance company said that for the most part they were happy with their service. More carriers of their auto insurance were happy with their service than many of their other companies out there.
 
They say that one reason for this is that the auto insurance company frequently asks their clients to rank them and to tell them what they like or don’t like about the company, and then they work hard to correct what they need to.

Back to November 2009 Archives