Subject: Re: GEICO vs Progressive
I did some work on Progressive last year and, of course, I couldn't avoid the comparison with GEICO. There are some extended Buffett and Jain quotes in there as well. My general sense is that Buffett underestimated the importance of telematics and just missed on this one, which has basically been admitted. I am hoping that Jain and Abel get more time to speak during the annual meeting and that we get some insight into who is going to be running GEICO in the long run. If that's Combs, we also need to understand how he is splitting his time between GEICO and the portfolio work. There was a podcast or an appearance a while back (cannot remember which one) where Combs described an unbelievably intense schedule. Nothing against Combs, but that type of thing isn't sustainable forever and GEICO is clearly not doing well.

https://rationalwalk.com/the-p...
(links to pdf and excel files in the post. PGR/GEICO section starts on page 24 of the PDF).