Reported 3 days ago
In its Q1 2025 report, Baron FinTech Fund highlighted The Progressive Corporation (PGR), a leading auto insurance company, which experienced significant growth with a 4.64% monthly return and a 35.99% increase over the past year. Despite overall market challenges, PGR's strong performance is attributed to a 20% growth in auto policy counts and solid underwriting margins. The company has overtaken Geico to become the second largest auto insurer in the U.S., benefiting from the defensive nature of insurance stocks in a risk-off environment.
Source: YAHOO