Fitch Ratings has affirmed the 'AA-' Issuer Default Rating (IDR) and 'A+' senior debt ratings of The Progressive Corporation (Progressive; NYSE:PGR). In addition, Fitch has assigned 10 IFS ratings to capture all pooled and reinsured members of Drive Insurance Holdings, Progressive Direct Holdings, and Progressive Commercial Holdings. The ratings and Rating Outlook reflect Progressive's excellent operating performance, pricing and underwriting expertise, personal auto insurance franchise, modest catastrophe risk, conservative investment allocation, and good reserve adequacy.....
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Car Insurance News: Sep 21, 2006 10:44AM -- Fitch Affirms Progressive's Ratings...Get an auto insurance quote!