Progressive CEO: Property profitability still a priority
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Progressive CEO: Property profitability still a priority

Farhin Lilywala
February 27, 2023
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Progressive CEO Tricia Griffith has guided that the company will continue to focus on improving profitability in its property business through increasing rates and reducing its concentration exposure, according to a shareholder letter.

Griffith said the company raised rates on average of 19% across the segment in 2022, with larger increases in Florida and hail-prone states such as Colorado and Oklahoma.

“Due

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Farhin Lilywala
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