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UBS analyst Brian Meredith asks $PGR to comment about cat losses being higher in April vs. March and the steps taken to mitigate the volatility. CEO Glenn Renwick said that the company has a single attachment point of about $45MM and an aggregate attachment of $175MM. There is no pressure to take any less reinsurance, but also no more reinsurance.
$NFLX a monster move, going up. Expect making some money on Monday.
$AMD down more than 6% even after posting above consensus third quarter results.
$MCD stock rose more than 2% after it posted better than expected 3Q16 results, driven by global same-store sales growth. Meanwhile, earnings and revenue were lower than last year, hurt by refranchising efforts.