Shelby Umbarger ‘21 pitched The Progressive Corporation (NYSE:PGR) on March 29th, 2021. Progressive was founded in 1937 and is headquartered in Mayfield, Ohio. The company is the third largest auto-insurance company in the United States. Progressive Corporation operates in three segments: Personal, Commercial, and Property Lines, with the majority of Progressive’s revenue coming from Personal Lines. Progressive’s competitive advantages include Snapshot by Progressive and the Name Your Price Tool. Progressive’s strong management team, focus on advertising to build brand recognition and market share, and diversification from current SMIF holdings makes Progressive a buy for the portfolio. The class voted to buy 355 shares of PGR at market price, sell 195 shares of GILD, and sell 275 shares of XLB.