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Why Progressive Stock Rose 10.7% in the First Half of 2020

Why Progressive Stock Rose 10.7% in the First Half of 2020

Shares of insurance company Progressive (NYSE: PGR) rose 10.7% during the first six months of 2020, according to data provided by S&P Global Market Intelligence. It also handily outperformed most other major U.S. insurance companies, many of which saw share price declines of more than 30%. Progressive just happened to be in the right sector of the insurance industry in 2020: auto insurance.