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Progressive Management Discusses Q2 2012 Results - Earnings Call Transcript

Progressive (PGR)

Q2 2012 Earnings Call

August 03, 2012 9:00 am ET

Executives

Matt Downing

Glenn M. Renwick - Chief Executive Officer, President, Director and Member of Executive Committee

Brian C. Domeck - Chief Financial Officer and Vice President

William M. Cody - Chief Investment Officer

Analysts

Vinay Misquith - Evercore Partners Inc., Research Division

Michael Nannizzi - Goldman Sachs Group Inc., Research Division

Adam Klauber - William Blair & Company L.L.C., Research Division

J. Paul Newsome - Sandler O'Neill + Partners, L.P., Research Division

Josh Stirling - Sanford C. Bernstein & Co., LLC., Research Division

Gregory Locraft - Morgan Stanley, Research Division

Brian Meredith - UBS Investment Bank, Research Division

James Allyn Engle - John W. Bristol & Co., Inc.

Robert Glasspiegel - Janney Montgomery Scott LLC, Research Division

Meyer Shields - Stifel, Nicolaus & Co., Inc., Research Division

Ian Gutterman - Adage Capital Management, L.P.

Keith F. Walsh - Citigroup Inc, Research Division

Joshua D. Shanker - Deutsche Bank AG, Research Division

Presentation

Operator

Welcome to the Progressive Corporation's Investor Relations Conference Call. This conference call is also available via an audio webcast. [Operator Instructions] In addition, this conference is being recorded at the request of Progressive. If you have any objections, you may disconnect at this time. The company will not make detailed comments in addition to those provided in its quarterly report on Form 10-Q and letter to shareholders, which have been posted to the company's website and will use this conference call to respond to questions.

Acting as moderator for the call will be Matt Downing. At this time, I will turn the call over to Mr. Downing.

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