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The Progressive Edge In Usage Based Insurance

Originally published at: https://dailyfintech.com/2021/08/12/the-progressive-frontier-in-usage-based-insurance/

Progressive Insurance has risen from modest beginnings since being founded in 1937. After its 1986 IPO, it has delivered 20.5% CAGR vs 9.9% by S&P 500. Personal auto insurance (with specialty lines of watercraft, RVs, motorcycles) remains the biggest revenue source. Already highly ranked on the Fortune 500, it kept delivering consistent results over last…