Great update! Your past commentary on GEICO's lost share is interesting. BRK is well known to ramp up underwriting after a hurricane has hit and others are scaling back. It appears that PGR has used BRK's playbook on BRK over the past 1 - 2 years. It will be interesting how/where BRK tries to recapture the lost share from. Particularly in an environment where PGR is back in growth mode. Granted, there are many weaker players in this space. GEICO has definitely fixed its CR, but it has come at a big cost.
Great update! Your past commentary on GEICO's lost share is interesting. BRK is well known to ramp up underwriting after a hurricane has hit and others are scaling back. It appears that PGR has used BRK's playbook on BRK over the past 1 - 2 years. It will be interesting how/where BRK tries to recapture the lost share from. Particularly in an environment where PGR is back in growth mode. Granted, there are many weaker players in this space. GEICO has definitely fixed its CR, but it has come at a big cost.