Progressive (NYSE: PGR) is a well-known insurance company, having the "defensive" qualities of insurance without giving up growth. Root (NASDAQ: ROOT), a much smaller auto insurer, has quickly been ...
Progressive and Root primarily offer personal lines of auto insurance. Being larger, Progressive offers a more diverse product line. Commercial lines make up about 13% of premiums written, while ...
Root and Progressive both fit "insurtech," albeit differently. Progressive's tech serves a D2C strategy; Root's tech serves distributors. Root is smaller, only has to win shares from small rivals, and ...