The Progressive Corp - Company Profile
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The Progressive Corp (Progressive) is an insurance holding company with various insurance and non-insurance subsidiaries and affiliates. The company's main activities include writing personal and commercial auto insurance, personal residential property insurance, and specialty property-casualty insurance. Progressive offers a range of products such as motorcycle, watercraft, and recreational vehicle insurance, as well as business-related general liability and commercial property insurance. The company serves a diverse customer base, including individuals and small businesses, primarily in the transportation industry. Progressive distributes its products through multiple channels, including phone, online, and independent agents. The company operates throughout the US, the District of Columbia, Bermuda, and Canada. Progressive is headquartered in Mayfield Village, Ohio, the US.
Headquarters
United States of America
Address
300 North Commons Blvd, Mayfield Village, Ohio, 44143
Website
www.progressive.com
Telephone
1 440 4615000
No of Employees
70,000
Industry
Financial Services
Ticker Symbol & Exchange
PGR (NYSE)
Revenue (2024)
$87.6B
16.3%
(2024 vs 2023)
EPS
XYZ
Net Income (2024)
XYZ
33.3%
(2024 vs 2023)
Market Cap*
$136.5B
Net Profit Margin (2024)
XYZ
14.6%
(2024 vs 2023)
* As of and is in US$
The Progressive Corp premium industry data and analytics
Products and Services
| Products |
|---|
| Vehicle and Recreational Insurance |
| Home and Property Insurance |
| Pet Insurance |
| XYZ |
| XYZ |
| XYZ |
History
History section provides information on new products, mergers, acquisitions, expansions, approvals, and many more key events.
| Year | Event | Description |
|---|---|---|
| 2026 | New Products/Services | In January, Progressive Insurance launched pet insurance for cats and dogs. |
| 2025 | New Products/Services | In June, the company introduced a new initiative, Open the House, to advance homeownership education and affordability. |
| 2025 | New Products/Services | In April, the company introduced Cargo Plus, a new endorsement that enhances Motor Truck Cargo coverage for for-hire truckers and other qualifying customers. |
Competitor Comparison
| Key Parameters | The Progressive Corp | State Farm Mutual Automobile Insurance Co | The Allstate Corp | Liberty Mutual Holding Company Inc | Berkshire Hathaway Specialty Insurance Co |
|---|---|---|---|---|---|
| Headquarters | United States of America | United States of America | United States of America | United States of America | United States of America |
| City | Mayfield Village | Bloomington | Northbrook | Boston | Boston |
| State/Province | Ohio | Illinois | Illinois | Massachusetts | Massachusetts |
| No. of Employees | 70,000 | 67,000 | 53,000 | 40,000 | - |
| Entity Type | Public | Private | Public | Private | Private |
Key Financial Charts
Sales Growth
Net Income Growth
Executives
| Name | Position | Board | Since | Age |
|---|---|---|---|---|
| Susan Patricia Griffith | Chief Executive Officer; Director; President | Executive Board | 2016 | 61 |
| Lawton W Fitt | Chairwoman | Executive Board | 2018 | 72 |
| Andrew J. Quigg | Chief Financial Officer | Senior Management | 2026 | 46 |
| Dan Witalec | Chief Strategy Officer | Senior Management | 2026 | - |
| Steven A. Broz | Chief Information Officer | Senior Management | 2016 | 55 |
| Non Dignissim Eros | Proin vel | Convallis | 2026 | XY |
| Non Dignissim Eros | Proin vel | Convallis | 2026 | XY |
| Non Dignissim Eros | Proin vel | Convallis | 2026 | XY |
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