Progressive

The Progressive Corporation is an insurance holding company. The Company's insurance subsidiaries and affiliates provide personal and commercial auto insurance, residential property insurance, and other specialty property-casualty insurance and related services. Its vehicle insurance products protect the customers against losses due to physical damage to their motor vehicles, uninsured and underinsured bodily injury, and liability to others for personal injury or property damage arising out of the use of those vehicles. Progressive's residential property insurance products protect the customers against losses due to damages to their structure or possessions within the structure, as well as liability for accidents occurring in the structure or on the property. The Company'snon-insurance subsidiaries and affiliates generally support our insurance and investment operations.  Progressive also sells personal auto physical damage and auto property damage liability insurance in Australia.

Company Growth (employees)
Type
Public
HQ
Mayfield Village, US
Founded
1937
Size (employees)
31,721 (est)
Progressive was founded in 1937 and is headquartered in Mayfield Village, US

Key People/Management at Progressive

Glenn M. Renwick

Glenn M. Renwick

President and Chief Executive Officer
John Sauerland

John Sauerland

Chief Financial Officer
Tricia Griffith

Tricia Griffith

Chief Operating Officer
Jeff Charney

Jeff Charney

Chief Marketing Officer
Chuck Jarrett

Chuck Jarrett

Chief Legal Officer

Progressive Office Locations

Progressive has offices in Mayfield Village, Akron, Dallas, Irvine and in 162 other locations
Mayfield Village, US (HQ)
6300 Wilson Mills Rd.
Show all (166)

Progressive Financials and Metrics

Progressive Financials

Progressive's revenue was reported to be $23.4 b in FY, 2016
USD

Revenue (Q2, 2017)

6.6 b

Net income (Q2, 2017)

372.7 m

Market capitalization (16-Feb-2018)

33.6 b

Cash (30-Jun-2017)

161 m
Progressive's current market capitalization is $33.6 b.
USDFY, 2010FY, 2011FY, 2012FY, 2013FY, 2014FY, 2015FY, 2016

Revenue

15.2 b15.8 b17.1 b18.2 b19.4 b20.9 b23.4 b

Revenue growth, %

4%8%6%7%8%12%

Cost of goods sold

12.5 b13.3 b14.3 b16.9 b

Gross profit

5.7 b6.1 b6.5 b6.6 b
USDQ3, 2013Q1, 2014Q2, 2014Q3, 2014Q1, 2015Q2, 2015Q3, 2015Q1, 2016Q2, 2016Q3, 2016Q1, 2017Q2, 2017

Revenue

4.5 b4.7 b4.7 b4.8 b4.9 b5.3 b5.3 b5.6 b5.8 b5.9 b6.3 b6.6 b

Operating expense total

4.2 b4.2 b4.3 b4.3 b4.5 b4.8 b4.8 b5.2 b5.5 b5.7 b5.7 b6.1 b

Interest expense

30.4 m26.7 m29.6 m30.7 m32.5 m34.9 m34.5 m34.2 m34.3 m35.3 m36.8 m43.4 m

Pre tax profit

345 m481.8 m437.4 m441.8 m443.2 m525.3 m429 m387.4 m287.3 m258.5 m641.5 m554.6 m
USDFY, 2013FY, 2014FY, 2015FY, 2016

Cash

75.1 m108.4 m224.4 m211.5 m

Goodwill

447.6 m449.4 m

Total Assets

24.4 b25.8 b29.8 b33.4 b

Accounts Payable

33 m
USDQ3, 2013Q1, 2014Q2, 2014Q3, 2014Q1, 2015Q2, 2015Q3, 2015Q1, 2016Q2, 2016Q3, 2016Q1, 2017Q2, 2017

Cash

100.9 m96.7 m126.1 m90.6 m101.5 m263.8 m194.5 m209.9 m134.7 m143.4 m214.5 m161 m

Inventories

18 b24.3 b26 b

Goodwill

472.9 m446.4 m447.6 m449.4 m449.4 m449.4 m452.7 m

Total Assets

24.5 b24.3 b25.5 b25.9 b26.9 b29.3 b29.9 b30.7 b32 b33.6 b34.8 b36.7 b
USDFY, 2013FY, 2014FY, 2015FY, 2016

Net Income

1.2 b1.3 b1.3 b1.1 b

Depreciation and Amortization

137.4 m

Cash From Operating Activities

1.9 b1.7 b2.3 b2.7 b

Purchases of PP&E

(140.4 m)(108.1 m)(130.7 m)(215 m)
USDQ3, 2013Q1, 2014Q2, 2014Q3, 2014Q1, 2015Q2, 2015Q3, 2015Q1, 2016Q2, 2016Q3, 2016Q1, 2017Q2, 2017

Net Income

865.6 m321.3 m614.7 m910.8 m295.6 m258.7 m453.6 m659.1 m430.3 m803 m

Depreciation and Amortization

74.9 m22.8 m46.7 m71.8 m23.8 m49.7 m76.1 m27.5 m58.1 m94.6 m41 m115 m

Cash From Operating Activities

1.7 b660.6 m1 b1.7 b771.1 m1.4 b2.2 b824.5 m1.6 b2.3 b1.1 b2 b

Purchases of PP&E

(105.6 m)(16.2 m)(44.7 m)(73.6 m)(22.2 m)(53.6 m)(86.6 m)(54.3 m)(109.1 m)(162.1 m)(35 m)(73.2 m)
USDY, 2017

Revenue/Employee

208.2 k

Financial Leverage

4.1 x
Show all financial metrics

Progressive Market Value History

Progressive Revenue Breakdown

Progressive's Web-traffic and Trends

Progressive Online and Social Media Presence

Progressive News and Updates

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Anti-Abortion Democrat Loses Key Support To Progressive Challenger

Marie Newman's campaign against Rep. Dan Lipinski (D-Ill.) is getting a big boost from EMILY's List.

Dem Party Think Tank Quietly Fighting Push To Restore Net Neutrality Rules

The think tank "has a history of bending over backwards to do whatever large phone and cable companies ask it to do."

Progressive CEO: When You Don’t Have a Tangible Product, Customer Service Is Key

Tricia Griffith shares the lessons she's learned after 30 years at the company.

Firefox 58 arrives with smoother rendering, faster JavaScript caching, and Progressive Web Apps on Android

Mozilla today launched Firefox 58 for Windows, Mac, Linux, and Android. The release builds on the improvements made in version 57, branded Firefox Quantum, which the company calls “by far the biggest update since Firefox 1.0 in 2004.” Version 58 brings smoother graphics rendering and faster page loa…

Vermont Makes History By Legalizing Marijuana, But Its Law Comes With A Catch

Don't expect recreational cannabis sales any time soon.
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Progressive Company Life and Culture

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