12 Best Health Insurance Stocks to Buy in 2025

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2. The Progressive Corporation (NYSE:PGR)

Number of Hedge Fund Holders: 95

The Progressive Corporation (NYSE:PGR) is an American insurance company. While it is best known for its personal and commercial auto and home insurance products, the company also offers health insurance plans for individuals and families through Progressive Health by eHealth. It offers medical, dental, and vision insurance.

The company is focused on growing its customer base and expanding its market share. In the third quarter of 2024, The Progressive Corporation (NYSE:PGR) added nearly 1.6 million policies in force across its businesses. With this, the company had already added a total of nearly 4.2 million policies in 2024 by the end of the quarter. Additionally, the company increased its investments in advertising in Q3 2024.

The London Company, an investment management company, in its “The London Company Large Cap Strategy” third quarter 2024 investor letter highlighted the performance of The Progressive Corporation (NYSE:PGR) as it continued to gain market share from its competitors and improved its margins through effective management of underwriting risks and strategic pricing. The investment management firm believes that PGR will continue to perform well in all environments because of its competitive advantages and smart capital allocation.

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