Submitted by 2ndSifter t3_zy8y3e in wallstreetbets
gucciflipflops337 t1_j25cnkk wrote
Reply to comment by Spare-Competition-91 in Progressive: The Valuation Enigma by 2ndSifter
They have a high multiple because they are the most profitable and fastest growing by a long shot. Well capitalized and the commercial business is insanely profitable.
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