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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Employee Rating

3.7More
TypePublic
HQMayfield Village, US
Founded1937
Size (employees)33,656 (est)+7%
Websiteprogressive.com
Progressive was founded in 1937 and is headquartered in Mayfield Village, US
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Key People/Management at Progressive

Tricia Griffith

Tricia Griffith

President and Chief Executive Officer
John Barbagallo

John Barbagallo

Commercial Lines President
Steve Broz

Steve Broz

Chief Information Officer
Pat Callahan

Pat Callahan

Personal Lines President
Jeff Charney

Jeff Charney

Chief Marketing Officer
Bill Cody

Bill Cody

Chief Investment Officer
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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 Revenue

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

Market capitalization (9-Nov-2018)

42.7b

Closing stock price (9-Nov-2018)

73.2

Cash (31-Dec-2017)

265.0m
Progressive's current market capitalization is $42.7 b.
Annual
USDFY, 2010FY, 2011FY, 2012FY, 2013FY, 2014FY, 2015FY, 2016FY, 2017

Revenue

15.2b15.8b17.1b18.2b19.4b20.9b23.4b26.8b

Revenue growth, %

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

Cost of goods sold

12.5b13.3b14.3b16.9b

Gross profit

5.7b6.1b6.5b6.6b
Quarterly
USDQ1, 2014Q3, 2014Q1, 2015Q1, 2016Q3, 2016Q1, 2017Q2, 2017Q2, 2018

Revenue

4.7b4.8b4.9b5.6b5.9b6.3b6.6b8.0b

Operating expense total

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

Interest expense

26.7m30.7m32.5m34.2m36.8m43.4m

Pre tax profit

481.8m441.8m443.2m387.4m641.5m554.6m
Annual
USDFY, 2013FY, 2014FY, 2015FY, 2016FY, 2017

Cash

75.1m108.4m224.4m211.5m265.0m

Inventories

Goodwill

447.6m449.4m

Total Assets

24.4b25.8b29.8b33.4b
Quarterly
USDQ3, 2013Q1, 2014Q2, 2014Q3, 2014Q1, 2015Q2, 2015Q3, 2015Q1, 2016Q2, 2016Q3, 2016Q1, 2017Q2, 2017Q3, 2017

Cash

126.1m101.5m209.9m134.7m143.4m161.0m

Inventories

24.3b

Goodwill

447.6m449.4m449.4m

Total Assets

25.5b25.9b26.9b29.9b30.7b32.0b33.6b
Annual
USDFY, 2013FY, 2014FY, 2015FY, 2016

Net Income

1.2b1.3b1.3b1.1b

Depreciation and Amortization

137.4m

Cash From Operating Activities

1.9b1.7b2.3b2.7b

Purchases of PP&E

(140.4m)(108.1m)(130.7m)(215.0m)
Quarterly
USDQ3, 2013Q1, 2014Q2, 2014Q3, 2014Q1, 2015Q2, 2015Q3, 2015Q1, 2016Q2, 2016Q3, 2016Q1, 2017Q2, 2017Q2, 2018Q3, 2018

Net Income

614.7m910.8m295.6m803.0m1.4b

Depreciation and Amortization

46.7m71.8m23.8m76.1m41.0m115.0m

Cash From Operating Activities

1.7b1.0b1.7b771.1m1.4b2.2b

Purchases of PP&E

(44.7m)(73.6m)(22.2m)(86.6m)(35.0m)(102.0m)
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Progressive Revenue Breakdown

Embed Graph

Progressive revenue breakdown by business segment: 100.0% from Direct

Progressive revenue breakdown by geographic segment: 100.0% from Agency

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Progressive Online and Social Media Presence

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Progressive News and Updates

Progressive Care Inc. Subsidiary PharmCo, LLC Earns Top Performance Scores From Humana Inc.

MIAMI , Aug. 22, 2018 (GLOBE NEWSWIRE) -- Progressive Care Inc. (OTCQB: RXMD), a personalized healthcare services and technology company, today announced that its wholly owned subsidiary PharmCo, LLC has met all three of the performance measures evaluated by Humana Inc., a leading health and well-…

Progressive Care Inc. Reports 47% Increase in Prescriptions Filled During July 2018

MIAMI, Aug. 21, 2018 (GLOBE NEWSWIRE) -- Progressive Care Inc. (OTCQB: RXMD), a personalized healthcare services and technology company, today announced further growth year-over-year in both revenue and number of prescriptions filled for July 2018. July brought a total of $1.887 million in net rev…

Most Top Dems, Progressive Groups Reserve Judgment On Keith Ellison Allegations

A former girlfriend of the Minnesota congressman and AG candidate has accused him of emotional and physical abuse.

For Progressive Insurgents, It Helps To Have Money

Rashida Tlaib's fundraising advantage financed a powerful ad blitz.

The contents of global discontents

A compilation of essays written by notable economists, the book spans a range of issues, from inequality to globalisation to market failures

Opposition Unity was reaffirmed in RS: Chidambaram

In the wake of the United Progressive Alliance's (UPA) defeat in the election for the post of deputy chairman of the Rajya Sabha, former Finance Minister P. Chidambaram on Thursday said that the opposition's unity in the house was reaffirmed.Taking to his Twitter handle, Chidambaram said, "Oppositio…
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Progressive Company Life and Culture

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Progressive Frequently Asked Questions

  • When was Progressive founded?

    Progressive was founded in 1937.

  • Who are Progressive key executives?

    Progressive's key executives are Tricia Griffith, John Barbagallo and Steve Broz.

  • How many employees does Progressive have?

    Progressive has 33,656 employees.

  • What is Progressive revenue?

    Latest Progressive annual revenue is $26.8 b.

  • What is Progressive revenue per employee?

    Latest Progressive revenue per employee is $797.5 k.

  • Who are Progressive competitors?

    Competitors of Progressive include Allstate, State Farm and Berkshire Hathaway.

  • Where is Progressive headquarters?

    Progressive headquarters is located at 6300 Wilson Mills Rd., Mayfield Village.

  • Where are Progressive offices?

    Progressive has offices in Culver City, Jersey, Mayfield Village, Silver Spring and in 162 other locations.

  • How many offices does Progressive have?

    Progressive has 166 offices.