Key Takeaways Progressive relies on managing losses and LAE to sustain underwriting profitability and growth.Analytics, telematics, and prudent pricing help Progressive control risk and maintain margins.Reinsurance and reserving discipline strengthen Progressive's stability amid rising claims costs.For Progressive Corporation (PGR) , prudently managing losses and loss adjustment expenses (“LAE”) is central to underwriting profitability and long-term value creation. Losses and LAE are the most critical drive ...