Progressive Corporation (PGR) provides insurance for personal and commercial automobiles and trucks, motorcycles, boats, recreational vehicles, and houses; it is the country's third-biggest auto insurer, a major supplier of motorcycle and commercial auto insurance, and one of the top 15 homeowners insurance providers.
The company's shares are up more than 13% over the past year and 24% over the past six months. The company claimed to have increased commercial car premiums by more than 200% in the last five years, all while maintaining a higher-than-average industry profit margin and finishing March with just under 1 million commercial lines policies in effect.
