Progressive's CEO Discusses Q4 2011 Results - Earnings Call Transcript

Progressive (PGR)

Q4 2011 Earnings Call

March 01, 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

Analysts

Michael Zaremski - Crédit Suisse AG, Research Division

Joshua D. Shanker - Deutsche Bank AG, Research Division

Matthew G. Heimermann - JP Morgan Chase & Co, Research Division

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

Vinay Misquith - Evercore Partners Inc., Research Division

Michael Nannizzi - Goldman Sachs Group Inc., Research Division

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

Alison Jacobowitz - BofA Merrill Lynch, Research Division

Ian Gutterman - Adage Capital Management, L.P.

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 annual report on Form 10-K 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.

Matt Downing

Thank you, Wendy, and good morning, and welcome to Progressive's conference call. Participating on today's call are Glenn Renwick, our CEO; and Brian Domeck, our CFO. Also on the line is Bill Cody, our Chief Investment Officer. The call is scheduled to last about one hour.

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