Reported 24 days ago
Progressive (NYSE: PGR), an insurance company, has shown remarkable long-term performance, turning an initial investment of $10,000 into over $1.5 million in thirty years, with an annual return of 18.3%. Their competitive edge lies in consistently profitable underwriting and innovative use of technology, allowing them to thrive even in adverse market conditions. As demand for automotive insurance remains steady, Progressive's strong pricing power and substantial investment portfolio position it well for continued growth, making it an appealing choice for investors.
Source: YAHOO