Professional
Added to YB: 2025-08-01
Pitch date: 2025-07-11
PGR [neutral]
The Progressive Corporation
-4.1%
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
$244.90
Price Target
N/A
Dividend
2.20%
EV/EBITDA
9.69
P/E
12.25
EV/Sales
1.62
Sector
Insurance
Category
turnaround
Giverny Capital Portfolio Holding: The Progressive Corporation
PGR trimmed position: Sold 29% of Progressive holdings at ~$282 as auto insurance cycle appears to peak. Record earnings, high multiples, increased competitor advertising signal potential rate competition ahead. Still substantial position in this exceptional company that's doubling 5yr revenue/income vs Allstate's weaker performance. May increase again when cycle turns.
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