The S 500 delivered a 15% return for investors in the first half of 2024. This is a solid return, no doubt, but the powerhouse automotive insurer (NYSE: PGR) has trounced the index, returning investors 31% in the first six months of this year.

Progressive has a long history of outperformance relative to the benchmark index and is an excellent example of how high-quality businesses can provide outsized returns for patient long-term investors. Here's why Progressive can continue delivering for investors for years to come.

The insurance industry isn't terribly exciting, but Berkshire Hathaway CEO Warren Buffett loves investing in it, which is reason enough that we should pay attention to it. Buffett likes the steady cash flow insurers generate, thanks to the ongoing demand for insurance from individuals and businesses.

Continue reading

Source Fool.com