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The Progressive Corporation (PGR), headquartered in Mayfield Village, Ohio, operates as an insurance holding company. Valued at $138.2 billion by market cap, it provides personal and commercial auto, residential and commercial property, business-related general liability, and other specialty property-casualty insurance products and related services.
Shares of this leading property & casualty insurance company have outperformed the broader market considerably over the past year. PGR has gained 73.3% over this time frame, while the broader S&P 500 Index ($SPX) has rallied nearly 26.1%. In 2024 alone, PGR stock is up 48.1%, surpassing SPX’s 16.5% rise on a YTD basis.