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.

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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
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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 Culver City, Jersey, Mayfield Village, Silver Spring and in 162 other locations
Mayfield Village, US (HQ)
6300 Wilson Mills Rd.
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Progressive Financials and Metrics

Progressive Financials

Progressive's revenue was reported to be $26.84 b in FY, 2017
USD

Revenue (FY, 2017)

26.8 b

Market capitalization (20-Apr-2018)

35.8 b

Cash (31-Dec-2017)

265 m
Progressive's current market capitalization is $35.8 b.
Annual
USDFY, 2010FY, 2011FY, 2012FY, 2013FY, 2014FY, 2015FY, 2016FY, 2017

Revenue

15.2 b15.8 b17.1 b18.2 b19.4 b20.9 b23.4 b26.8 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
Quarterly
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
Annual
USDFY, 2013FY, 2014FY, 2015FY, 2016FY, 2017

Cash

75.1 m108.4 m224.4 m211.5 m265 m

Inventories

Goodwill

447.6 m449.4 m

Total Assets

24.4 b25.8 b29.8 b33.4 b
Quarterly
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
Annual
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)
Quarterly
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

846.1 k
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Progressive News and Updates

Automotive Films Market Status and Forecast showcasing Progressive CAGR of 5.15% Growth During 2017-2022

HTF Market Report released a new research document of 111 pages on industry titled as 'Global Automotive Films Market 2018-2022’ with detailed analysis, Competitive landscape, forecast and strategies. Posted via Industry Today. Follow us on Twitter @IndustryToday

Global Secondary Progressive Multiple Sclerosis Drug Market Report 2018: By Product, Application, Manufacturer, Sales and Segmentation

Global QYResearch added Most up-to-date research on " Global Secondary Progressive Multiple Sclerosis Drug Market Professional Survey Report 2018 " to its huge collection of research reports. Posted via Industry Today. Follow us on Twitter @IndustryToday

Secondary Progressive Multiple Sclerosis Treatment Market to Partake Significant Development by 2025

Increasing prevalence of neurological disorders, rising demand for advanced therapeutics for the treatment of SPMS in developing nations are some major factors driving the Secondary Progressive Multiple Sclerosis Treatment Market Posted via Industry Today. Follow us on Twitter @IndustryToday
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