Progressive reports monthly results so this is the earliest estimate that could shed some light on GEICO's Sandy losses:During October, we incurred catastrophe losses of about $55 million, or 3.5 loss ratio points, related to Superstorm Sandy, compared to catastrophe losses of $6 million, or 0.4 points, in October 2011. New York and New Jersey accounted for nearly 80% of the total losses for the month. Year-to-date, we have incurred about $230 million, or 1.7 points, of catastrophe losses, compared to $204 million, or 1.6 points, last year. http://www.sec.gov/Archives/edgar/data/80661/000119312512469...I am not sure exactly how Progressive and GEICO's market shares compare in the heavily impacted states. I may look into that later.
Best Of |
Favorites & Replies |
Start a New Board |
My Fool |
BATS data provided in real-time. NYSE, NASDAQ and NYSEMKT data delayed 15 minutes.
Real-Time prices provided by BATS. Market data provided by Interactive Data.
Company fundamental data provided by Morningstar. Earnings Estimates, Analyst Rat