This company has delivered eye-popping returns for long-term investors.Investing in the stock market is a great way to build wealth. Diversifying your holdings by including some high-quality stocks with proven track records of success can be a smart decision. You want to seek out companies with sound businesses, strong competitive advantages, and the ability to basically print cash year in and year out.Progressive (PGR 0.20%) is one company that fits this bill. The insurer is a dominant player in the indust ...

Business Overview - The company operates a leading online insurance marketplace, connecting consumers and insurance providers[10] - The company's platform leverages over 4 billion consumer data points[14, 26] - The company's distribution model includes approximately 60 carriers and 6,000 third-party agents[14] Market Opportunity and Growth - The P&C distribution and advertising spend market is estimated at $117 billion annually[10, 16] - Digital advertising spend within the P&C insurance market is $7 billion[16] - The estimated digital advertising spend growth is approximately 15% annually from 2023 to 2026[17] - The company's estimated share of the P&C distribution and advertising spend market is less than 1%[17] Financial Performance - Q1 2025 revenue increased by 83% year-over-year to $166.6 million[32, 45] - Adjusted EBITDA for Q1 2025 was $22.5 million, a 197% increase year-over-year[32] - The company achieved record revenue of $500 million in 2024, representing a 74% year-over-year growth[17, 47]