Progressive (NYSE: PGR) — Company Overview, News & Financial Data
Progressive is a leading U.S. insurance provider offering a range of insurance services while leveraging technology for better customer experience.
Progressive
Progressive is a provider of personal and commercial auto insurance, residential property coverage, and specialty insurance products across the United States. Founded in 1937 and headquartered in Mayfield Village, Ohio, the company operates through Personal Lines, Commercial Lines, and Property business segments. Progressive distributes policies directly to policyholders online and via call centers, alongside an extensive network of independent insurance agencies. The business leverages telematics data through its usage-based insurance program to underwrite driver risk and deliver customized policy pricing for millions of personal and commercial drivers throughout the country.
Snapshot
Operations
Products and/or services of Progressive
- Personal Auto Insurance: Comprehensive and liability coverage for private passenger vehicles, providing collision, bodily injury, and property damage policies distributed directly online and through independent insurance agencies across the United States.
- Commercial Auto Insurance: Underwriting solutions for primary commercial auto risks, offering bodily injury liability, physical damage, and fleet coverage for small businesses, commercial trucks, tractors, tow trucks, and independent freight transport operators.
- Property Insurance: Residential property coverage including homeowners, renters, condominium, mobile home, and flood insurance policies issued through specialized underwriting subsidiaries and partner carrier networks to protect residential structures and personal property across North America.
- Specialty Vehicle Insurance: Specialized protection plans for recreational vehicles, motorcycles, motorhomes, boats, personal watercraft, all-terrain vehicles, and snowmobiles, providing physical damage and liability protection for personal leisure power equipment owners nationwide.
- Business Lines Insurance: Business owners policies, general liability, professional liability, workers compensation, and cyber risk protection for small business owners, contractors, and commercial service providers sold directly and through independent agent networks.
- Telematics Analytics Platform: Mobile app and device-based driver monitoring technology that collects vehicle speed, braking intensity, driving time, and mileage data to calculate personalized usage-based insurance rates according to individual driving behavior.
Progressive executive team
- Ms. Susan Patricia GriffithPresident, CEO & Director
- Mr. John Peter SauerlandVP & CFO
- Mr. Patrick K. CallahanPresident of Personal Lines
- Mr. John Joseph MurphyPresident of Claims
- Ms. Karen Barone BailoPresident of Commercial Lines
- Mr. Jonathan S. BauerChief Investment Officer
- Mr. Carl G. JoyceVice President & Chief Accounting Officer
- Mr. Steven Anthony BrozChief Information Officer
- Mr. Douglas S. ConstantineDirector of Investor Relations
- Mr. David M. StringerVP, Secretary & Chief Legal Officer