The Progressive Corporation - An Outstanding Company At A Fair Price

Alexander Steinberg
5.07K Followers

Summary

  • Progressive is an outstanding insurer enjoying fast and profitable growth.
  • Its current valuation of ~3.5 BV seems justified.
  • Higher bond yields, continuing growth of Personal Auto, and the increasing importance of profitable Commercial Auto create a favorable outlook for the company.

Car loan,money,car insurance concept

krisanapong detraphiphat/iStock via Getty Images

For faithful investors, Progressive has delivered enormous returns in line with Big Tech

A year ago, I invested in auto insurer The Progressive Corporation (NYSE:PGR) and posted on the company ("the previous

This article was written by

5.07K Followers
Ph.D. and MBA with 20+ years of investment experience. I began as a scientist, working under a future Nobel laureate, before transitioning to executive roles in major U.S. corporations. After founding and leading my own company for 15 years, I shifted to full-time investing. My insights blend scientific rigor, entrepreneurial leadership, and executive expertise, driven by a passion for continuous learning. I enjoy publishing on SA but publish elsewhere as well - google me to find out.

Analyst’s Disclosure:I/we have a beneficial long position in the shares of PGR, BRK.B either through stock ownership, options, or other derivatives. I wrote this article myself, and it expresses my own opinions. I am not receiving compensation for it (other than from Seeking Alpha). I have no business relationship with any company whose stock is mentioned in this article.

Seeking Alpha's Disclosure: Past performance is no guarantee of future results. No recommendation or advice is being given as to whether any investment is suitable for a particular investor. Any views or opinions expressed above may not reflect those of Seeking Alpha as a whole. Seeking Alpha is not a licensed securities dealer, broker or US investment adviser or investment bank. Our analysts are third party authors that include both professional investors and individual investors who may not be licensed or certified by any institute or regulatory body.

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