Progressive: The Stock That Outpaces the S&P 500
The insurer flies under the radar, but since 2024, it has outperformed the S&P 500, returning 52% versus 38%. Zooming out even further, over the past three decades, Progressive has returned 12,270% on investors’ money, or 17.4% compounded annually. In other words, a $10,000 investment in the company back then would be worth $1.23 million today! (This is the financial equivalent of discovering that your pet goldfish is actually a time-traveling philosopher.)