The Progressive Corporation 2010 Annual Investor Relations Meeting Transcript

That may be the more powerful point. So our reach is expanding. We’ve changed Progressive in many ways from a company that was extremely successful at a target group of customers. We’ve expanded that because it was consistent with our skill set and not our strategy.

I want to make the point very, very clearly, the Sam’s, even though the percentages, in this case this is policy in force growth for the last three years, while the percentage of our business might shift a little away form nonstandard, we don’t want to give up and ounce on nonstandard. That’s a very good business for us, we know it, we absolutely do not intend to be moving away from anything. It’s more we are moving to something else in addition. So, our reach is expanding and it’s starting to work. We feel very good about the opportunities to do that, but the potential just seems so great when we realize – and we are not as good. We are not as good at the Robinsons. But we’ll get better.

Read the rest of this transcript for free on seekingalpha.com

>To order reprints of this article, click here: Reprints