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Letter to the Editor
Friday April 2
Progressive Earns Top Spot on Business Week 50
The Progressive group of insurance companies has been selected as the top performing company in the S&P 500, according to the 8th annual analysis by Business Week magazine. Last year, Progressive was ranked 5th.Business Week made its selections based on criteria including growth in revenues, profits, and returns to shareholders over one- and three-year periods. It also examined net margins, debt levels and sales volume.
Progressive received high marks for improving the efficiency of its operations and for its history of industry innovations, such as being the first to offer comparison rates, its innovations in claims service, including its newest innovation, specially-designed claims centers providing a concierge-level of service, and its constant drive to find ways to do things better, faster and cheaper for its 12 million customers.
The Progressive group of insurance companies, in business since 1937, ranks third in the nation for auto insurance based on premiums written and provides drivers with competitive rates and 24/7, in-person and online service.
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