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Fly News Breaks for April 13, 2017
PGR
Apr 13, 2017 | 08:48 EDT
William Blair analyst Adam Klauber said auto insurance pricing power is on the rise, pointing to increasing average personal auto combined ratio for the top 10 auto insurers as proof. With this stress expected to result in a jump in auto premiums, Klauber said Progressive "stands out" among insurers best positioned to take advantage, estimating that it has the potential to double its operating EPS from 2016 to 2019. The analyst keeps an Outperform rating on Progressive shares.
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