Reported 2 days ago
Progressive has consistently outperformed the S&P 500 and delivered remarkable returns for investors, achieving a 52% return since 2024 compared to 38% for the index. With a commitment to profitable underwriting and innovative data-driven approaches, the company has maintained strong profitability, averaging a combined ratio of 92% over two decades—significantly better than the industry average. Despite potential risks, Progressive is positioned as a solid long-term investment, benefiting from steady demand for insurance and its focus on technological advancements.
Source: YAHOO