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Valued at a market cap of $148.7 billion, The Progressive Corporation (PGR) is a major provider of personal and commercial auto insurance in the U.S. The Mayfield Village, Ohio-based company operates through its Personal Lines; Commercial Lines; and Property segments, offering a range of insurance products for vehicles, homes, and small businesses.
Companies valued at $10 billion or more are generally considered "large-cap" stocks, and Progressive fits this criterion perfectly. Progressive is renowned for its innovation in the auto insurance industry, being the first to offer online policy purchases, 24/7 claims reporting, and pioneering mobile tools for managing policies.