Professional
Added to YB: 2025-04-28
Pitch date: 2025-04-11
PGR [bullish]
The Progressive Corporation
-15.39%
current return
Author Info
No bio for this author
Company Info
The Progressive Corporation operates as an insurance company in the United States. The company writes insurance for personal autos and special lines products, including motorcycles, RVs, and watercraft; and personal residential property insurance for homeowners and renters.
Market Cap
$130.9B
Pitch Price
$277.57
Price Target
N/A
Dividend
2.20%
EV/EBITDA
9.69
P/E
12.25
EV/Sales
1.62
Sector
Insurance
Category
growth
Middle Coast Investing Portfolio new position: The Progressive Corporation
PGR (new position): Added on CA wildfire dip. Auto insurance growing 18% YoY with sub-85 combined ratio (vs 96 target). Growth unsustainable but gives options. Risks: rising competition, tariffs increasing repair costs, climate change. Still below S&P 500 multiple at 18.3x trailing earnings despite enormous industry lead.
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