The Progressive Corp - Company Profile
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The Progressive Corp (Progressive) is an insurance holding company. It offers a range of personal and commercial automobile insurance, and specialty property-casualty insurance and other related services. It offers insurance products for motorcycles, all-terrain vehicles, recreational vehicles, manufactured homes, boat, floods, renters, general liability, professional liability, workers compensation, umbrella, watercraft, and snowmobiles. It also operates a property business and provides residential property insurance for homeowners, other property owners and renters. It markets and distributes insurance products through independent insurance agents and brokers, Internet, mobile devices, and over the phone. Progressive is headquartered in Mayfield Village, Ohio, the US.
The Progressive Corp premium industry data and analytics
Products and Services
Products | Services |
---|---|
Vehicle and Recreational Insurance | Financial |
Home and Property Insurance | Personal Loans |
Pet Insurance | Car Shopping |
XYZ | |
XYZ | |
XYZ |
History
History section provides information on new products, mergers, acquisitions, expansions, approvals, and many more key events.
Year | Event | Description |
---|---|---|
2023 | New Products/Services | In May, Progressive Insurance offered Heavy Truck Roadside Assistance (HT RSA). |
2021 | Contracts/Agreements | In October, the company in collaboration with Fidelity Life introduced a new one-year term life insurance product, RAPIDecision Life One. |
2021 | Acquisitions/Mergers/Takeovers | In June, the company acquired Protective Insurance Corporation for US$338 million. |
Competitor Comparison
Key Parameters | The Progressive Corp | Berkshire Hathaway Inc | The Allstate Corp | State Farm Mutual Automobile Insurance Co | Liberty Mutual Holding Company Inc |
---|---|---|---|---|---|
Headquarters | United States of America | United States of America | United States of America | United States of America | United States of America |
City | Mayfield Village | Omaha | Northbrook | Bloomington | Boston |
State/Province | Ohio | Nebraska | Illinois | Illinois | Massachusetts |
No. of Employees | 61,400 | 396,500 | 53,000 | 53,000 | 50,000 |
Entity Type | Public | Public | Public | Private | Private |
Key Financial Charts
Sales Growth
Net Income Growth
Executives
Name | Position | Board | Since | Age |
---|---|---|---|---|
Susan Patricia Griffith | Director; Chief Executive Officer; President | Executive Board | 2016 | 58 |
Lawton W Fitt | Chairperson | Executive Board | 2018 | 69 |
John P. Sauerland | Chief Financial Officer; Vice President | Senior Management | 2015 | 58 |
Mariann Wojtkun Marshall | Assistant Secretary; Chief Accounting Officer; Vice President | Senior Management | 2019 | 60 |
Andrew J. Quigg | Chief Strategy Officer | Senior Management | 2018 | 43 |
Non Dignissim Eros | Proin vel | Convallis | 2024 | XY |
Non Dignissim Eros | Proin vel | Convallis | 2024 | XY |
Non Dignissim Eros | Proin vel | Convallis | 2024 | XY |
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