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Stock of the Day: Progressive

Progressive
PGR 90-day performance NYSE:PGR Progressive
Current Price
$212.64
+0.30 (+0.14%)
(As of 01:54 PM ET)
30 Day Performance
-4.60%
  
  
90 Day Performance
-12.09%
  
  
1 Year Performance
-12.18%
  
  
Market Capitalization
$124.70B
P/E Ratio
11.66
Dividend Yield
0.19%

Progressive Corporation is a large U.S.-based property and casualty insurer that primarily underwrites personal auto insurance along with a broad suite of related products. Its offerings include coverage for private passenger automobiles, commercial auto fleets, motorcycles, boats and recreational vehicles, as well as homeowners, renters, umbrella and other specialty P&C products. Progressive also provides claims handling, risk management and related services to individual and commercial policyholders.

The company distributes its products through a mix of direct channels—online and by phone—and an extensive independent agent network. Progressive has been an early adopter of technology and data analytics in insurance, deploying telematics and usage-based insurance programs to price risk more dynamically and offering digital tools and mobile apps to support sales, servicing and claims. Its operations serve customers across the United States and in Canada.

Founded in 1937 and headquartered in Ohio, Progressive has grown into one of the better-known U.S. insurers through an emphasis on product diversification and technology-driven underwriting. Tricia Griffith serves as the company’s chief executive officer, leading Progressive’s strategy in personal and commercial P&C insurance, distribution innovation and digital transformation. The company’s public profile reflects its long-standing role in the broader insurance market and its focus on customer acquisition, pricing innovation and claims efficiency.

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