In the second quarter 2022 letter, Giverny Capital Asset Management discussed the performance of its portfolios over the last few years. The Progressive Corporation (NYSE: PGR ) is the fund's second-largest holding. The Progressive Corporation (NYSE:PGR) is an insurance company headquartered in Mayfield, Ohio, and has a market capitalization of $67.299 billion. The stock of The Progressive Corporation (NYSE:PGR) closed at $115.06 per share on July 29, 2022. In one month period, the return of The Progressive Corporation (NYSE:PGR) is -2.89%. whereas the shares gained 21.06% of their value over the last 52 weeks.