Sandra Cho and Dann Ryan give their takeaways on insurance earnings. Sandra notes a profit decline, citing weather events like wildfires, but thinks Progressive (PGR) and Travelers (TRV) are well-positioned. Dann notes that Travelers has increased its dividend for “20 years in a row,” and had a strong earnings beat this quarter, while Progressive’s was mixed. “It’s an industry that competes entirely based on pricing,” he notes.