International Shows, Financial Results, Insurance Advice, Upcoming Investors Conferences, and Management Changes - Research Report on Progressive, ACE, Allstate, RenaissanceRe, and Markel

Fri Oct 25, 2013 8:00am EDT

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International Shows, Financial Results, Insurance Advice, Upcoming Investors Conferences, and Management Changes - Research Report on Progressive, ACE, Allstate, RenaissanceRe, and Markel

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NEW YORK, October 25, 2013 /PRNewswire/ --

Today, Analysts' Corner announced new research reports highlighting The Progressive Corporation (NYSE: PGR), ACE Limited (NYSE: ACE), The Allstate Corporation (NYSE: ALL), RenaissanceRe Holdings Ltd. (NYSE: RNR) and Markel Corp. (NYSE: MKL). Today's readers may access these reports free of charge - including full price targets, industry analysis and analyst ratings - via the links below.

The Progressive Corporation Research Report

On October 15, 2013, The Progressive Corporation (Progressive) reported that this season of Progressive International Motorcycle Shows will begin in San Mateo, California on October 25 - 27, 2013, and end in Seattle, Washington in February 2014. The Company stated that budding musicians from local School of Rock programs will perform live at the event. Dan Kamionkowski, Product Manager at Progressive, commented, "Every year we look for new ways to enhance the IMS experience for attendees. For family-friendly events like Progressive International Motorcycle Shows, bringing in School of Rock musicians is a natural fit. It's inspiring when you see these kids rocking out and pulling off complex guitar riffs. It's easy to see the connection between rock music and motorcycle gatherings." The Full Research Report on The Progressive Corporation - including full detailed breakdown, analyst ratings and price targets - is available to download free of charge at: [http://www.AnalystsCorner.com/r/full_research_report/1d42_PGR]

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ACE Limited Research Report

On October 22, 2013, ACE Limited (ACE) announced its financial results for Q3 2013. The Company's net income came in at $916.0 million or $2.66 per diluted share for the quarter, compared with $640.0 million or $1.86 per diluted share in Q3 2012. Operating income of ACE increased 23.9% YoY to $2.49 per diluted share in Q3 2013. Commenting on the results, Evan G. Greenberg, Chairman and CEO of ACE Limited, stated, "ACE had another record quarter driven by exceptionally strong underwriting results and double-digit constant-dollar global P&C premium revenue growth. We produced $857 million in after-tax operating income and our operating ROE was 13%. Per share book value increased 3.4% and is now up 2.6% for the year. We achieved a P&C combined ratio of 86.5%. While we benefited from a relatively benign quarter for catastrophes, more fundamentally, we experienced margin improvement in both North America, as a result of better pricing and mix of business, and internationally, as a result of product and geographic mix." The Full Research Report on ACE Limited - including full detailed breakdown, analyst ratings and price targets - is available to download free of charge at: [http://www.AnalystsCorner.com/r/full_research_report/97fa_ACE]

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The Allstate Corporation Research Report

On October 18, 2013, The Allstate Corporation (Allstate) issued a press release offering advice to boat owners as boats head for winter storage. The Company stated that an insurance coverage check-up with an agent is advisable for boat owners to ensure that they are maintaining appropriate coverage during the off-season. Allstate recommended boat owners to keep an insurance policy active to help protect their boat and other watercraft against potential theft and physical damage such as fire, wind, lightning and hail while in storage. Katie Boyle, Allstate boat line Manager, commented, "A yearly boat insurance check-up with an agent is a great opportunity to help the owner make sure they have the right coverage for their needs. Many owners have put in significant time, energy and money into their boat. So, it makes sense they would want to protect their investment." The Full Research Report on The Allstate Corporation - including full detailed breakdown, analyst ratings and price targets - is available to download free of charge at: [http://www.AnalystsCorner.com/r/full_research_report/551b_ALL]

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RenaissanceRe Holdings Ltd. Research Report

On October 7, 2013, RenaissanceRe Holdings Ltd. (RenaissanceRe) announced that it will host an investment community conference call on November 6, 2013 at 10:00 a.m. ET to review its financial results for Q3 2013, along with the Company's outlook. RenaissanceRe informed that it will release the earnings results after the market closes on Tuesday, November 5, 2013. The Company stated that the live webcast of the call can be accessed via the Investor Information section of RenaissanceRe's website, where an archive of the call will also be available starting from approximately 2:00 p.m. ET on November 6, 2013 through midnight ET on January 15, 2014. The Full Research Report on RenaissanceRe Holdings Ltd. - including full detailed breakdown, analyst ratings and price targets - is available to download free of charge at: [http://www.AnalystsCorner.com/r/full_research_report/911d_RNR]

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Markel Corp. Research Report

On October 10, 2013, Markel Corp. (Markel)'s President and Co-Chief Operating Officer, F. Michael Crowley, announced that John Latham will step down as President of Markel Wholesale effective December 31, 2013. The Company stated that Latham will be succeeded by Bryan Sanders, who is currently the Executive Vice President of Markel's Wholesale division. Markel informed that Latham will transition to a consultative role, active with Markel, and will work out of Markel's regional office in Plano, Texas. Mike Crowley commented, "All of us at Markel congratulate John Latham on his long and distinguished career. We appreciate John's many contributions to Markel's success and look forward to working with him on a variety of high-impact projects. Bryan's integrity and track record of success reflect the Markel Style, and he and John have done an extraordinary job integrating the Alterra staff and products into the Markel Wholesale operation." The Full Research Report on Markel Corp. - including full detailed breakdown, analyst ratings and price targets - is available to download free of charge at: [http://www.AnalystsCorner.com/r/full_research_report/d6f5_MKL]

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