Progressive Corporation: Performance Remains Strong, But Valuation Is Elevated

Group 1 - The Progressive Corporation (NYSE: PGR) has shown strong performance over the past year, with a gain of 27% [1] - Despite a market sell-off, PGR has managed to retain most of its gains, indicating resilience [1] - The company has a history of making contrarian bets based on macro views and stock-specific turnaround stories to achieve favorable risk/reward profiles [1]