Reported 11 months ago
Progressive (NYSE: PGR) is highlighted as a prime example of a company that has provided exceptional returns for patient investors, with a $1,000 investment in 1971 now worth $8.7 million. Progressive's success stems from its commitment to profitable underwriting and ability to outshine competitors in the insurance industry. Despite challenges in 2023, Progressive maintained its edge by achieving a low combined ratio of 94.5% and continues to demonstrate strength for long-term growth, making it a quality stock to consider.
Source: YAHOO