Analyst Coverage & Ratings

Analyst Coverage & Ratings

Equity

The following equity analysts cover and issue earnings estimates on Progressive:

Firm Analyst
Argus Research
Jacob Kilstein
Barclays Capital
Jay Gelb
BofA Merrill Lynch Research
Alison Jacobowitz
Buckingham Research
Amit Kumar
Citi Research
James Naklicki
Deutsche Bank
Joshua Shanker
Dowling & Partners
Gary Ransom
FBR Capital Markets
Randy Binner
Goldman Sachs
Yaron Kinar
J.P. Morgan
Sarah Dewitt
Janney Montgomery Scott
Robert Glasspiegel
Keefe, Bruyette & Woods
Meyer Shields
MKM Partners
Harry Fong
Morgan Stanley
Kai Pan
Morningstar
Brett Horn
Raymond James
Gregory Peters
Sandler O'Neill
Paul Newsome
UBS
Brian Meredith
Wells Fargo Securities
Elyse Greenspan
William Blair & Company
Adam Klauber
Credit Suisse
Michael Zaremski

Fixed Income

The following fixed-income analysts cover Progressive's debt security issues:

Firm Analyst
Fitch Ratings
Christopher Grimes
Goldman Sachs
Lara Devieux
J.P. Morgan
Arun Kumar
Moody's Investors Service
Paulette Truman
Morgan Stanley
Donna Halverstadt
Standard & Poor's
Steve Guijarro

Progressive Corporation is followed by the analysts listed above. Please note that any opinions, estimates or forecasts regarding Progressive Corporation's performance made by these analysts are theirs alone and do not represent opinions, forecasts or predictions of Progressive Corporation or its management. Progressive Corporation does not by its reference above or distribution imply its endorsement of or concurrence with such information, conclusions or recommendations.

Financial Strength & Debt Ratings

Financial Strength & Debt Ratings are independent opinions, based on a comprehensive quantitative and qualitative evaluation, of a company's balance sheet strength, operating performance, and business profile.

Financial Strength Rating: The Financial Strength Rating provides an assessment of the financial strength of an insurance organization and its capacity to meet policyholders' claims and obligations on a timely basis.

Debt Rating: The debt rating reflects a company's ability to meet its obligations to repay interest and principal on outstanding obligations to fixed-income investors.

A.M. Best Fitch Moody's S&P
Financial Strength A+ AA Aa2 AA
Debt a A A2 A

Additional information about the ratings can be found at the respective rating agencies' websites.