One way to compare the key players in the industry is to compare their loss ratio (claims / premium) and expense ratios (expense / premium).These ratios for the 4 majors are

Progressive:Loss Ratio 71, Expense Ratio 25

Geico:Loss Ratio 79, Expense Ratio 16

Allstate:Loss Ratio 75, Expense Ratio 24

State Farm: Loss Ratio 81, Expense Ration 22

Based on these numbers, what can we say about what each firm is good at.For example, what is Progressive's strength on the basis of which it competes?On the other hand, what is Geico's strength?

State farm?