Professional
Added to YB: 2026-06-29
Pitch date: 2026-03-31
PGR [bullish]
The Progressive Corporation
Author Info
No bio for this author
Company Info
The Progressive Corporation operates as an insurance company in the United States. It 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
$131.1B
Pitch Price
N/A
Price Target
N/A
Dividend
6.20%
EV/EBITDA
9.13
P/E
11.41
EV/Sales
1.56
Sector
Insurance
Category
growth
Antipodes Global Fund New Position: The Progressive Corporation
PGR (new position): US auto insurer, top-tier positions, hybrid distribution. Q4 net income +25%, policies in force +10% to 38.6M, FY combined ratio ~88%. Fastest to react to 2022 loss cost inflation, then cut rates & gained share in 2023-24. At ~11x fwd earnings, high-quality compounder w/ underwriting discipline.
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