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"Auto insurance rates rose 2.6% in March and are up 22% from a year ago." "Progressive’s profit jumped 50% and its revenue surged nearly 18% to $62.1 billion i
by MilnerRoute 3y ago
"Auto insurance rates rose 2.6% in March and are up 22% from a year ago."
"Progressive’s profit jumped 50% and its revenue surged nearly 18% to $62.1 billion in 2023. Wall Street expects its profit to skyrocket nearly 80% in 2024 on a 14% jump in revenue."
- magicalhippo 3y agoSo what's going on here? All the insurance CEO's just played the prisoner's dilemma the "optimal" way by chance?