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The Progressive's (PGR) CEO Tricia Griffith on Q1 2021 Results - Earnings Call Transcript

May 05, 2021 3:55 PM ETThe Progressive Corporation (PGR)
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The Progressive Corporation (NYSE:PGR) Q1 2021 Earnings Conference Call May 5, 2021 10:00 AM ET

Company Participants

Doug Constantine – Director-Investor Relations

Tricia Griffith – President and Chief Executive Officer

John Sauerland – Chief Financial Officer

Conference Call Participants

Elyse Greenspan – Wells Fargo

Greg Peters – Raymond James

Michael Phillips – Morgan Stanley

David Motemaden – Evercore ISI

Josh Shanker – Bank of America

Gary Ransom – Dowling & Partners

Adam Klauber – William Blair

Tracy Benguigui – Barclays

Meyer Shields – KBW

Brian Meredith – UBS


Welcome to The Progressive Corporation’s First Quarter Investor Event. The company will now make detailed comments related to quarterly results in addition to those provided in its annual reports on Form 10-Q and the letter to shareholders, which has been posted to the company's website. Although CEO, Tricia Griffith, will make a brief statement. The company will then use the remainder of the event to respond to questions.

Acting as moderator for the event will be Progressive's Director of Investor Relations, Doug Constantine. At this time, I will turn the call over to Mr. Constantine.

Doug Constantine

Thank you, Tamara, and good morning. Although our quarterly Investor Relations events typically include the presentation on a specific portion of our business, we will instead use the 60 minutes scheduled for today's event for introductory comments by our CEO and a question-and-answer session with members of our leadership team. Questions can only be asked by telephone dial-in participants. The dial-in instructions may be found at investors.progressive.com/events. As always, discussions in this event may include forward-looking statements. These statements are based on management's current expectations and are subject to many risks and uncertainties that could cause actual events and results to differ materially from those discussed during today's event. Additional information concerning those risks and uncertainties is available in our annual report on Form

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