The Progressive Corporation is one of the largest providers of car insurance in the United States. The company also insures motorcycles, boats, RVs and commercial vehicles, and provides home insurance through select companies. Progressive has expanded internationally as well, offering car insurance in Australia, and is headquartered in Mayfield Village, Ohio.

The Progressive Group of Insurance Companies has always lived up to its name by being one step ahead of the insurance industry, and finding new and affordable insurance solutions. We began in 1937 with the first drive-in claims office, became the first to introduce reduced rates for low-risk drivers, and then changed the insurance shopping experience by offering comparison rates on the Web.

Progressive continues to find better ways to serve you with our new and personalized Snapshot® program and our Name Your Price® car insurance shopping option.

Fast. Fair. Better. That's what customers can expect from Progressive Direct. Everything we do acknowledges the needs of busy customers who are cost-conscious and increasingly savvy about auto insurance and good service.

We're here for you 24/7, online and by phone. We can provide quotes, update your policy, even answer "what if" questions if that's what you need. From auto quotes in about 6 minutes to our superior claims service, we find new ways to show you that we respect your time.

Company Growth (employees)
Mayfield Village, US
Size (employees)
31,721 (est)
Progressive is headquartered in Mayfield Village, US

Key People 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 168 other locations
Mayfield Village, US (HQ)
6300 Wilson Mills Rd.

Progressive Metrics

Progressive Financial Metrics

Revenue (2016)

$23.4 b

Revenue growth (2015-16), %


Gross profit

$6.6 b

Gross profit margin (2016), %


Net income (2016)

$1.1 b

Market capitalization (28-Apr-2017)

$23.1 b

Closing share price (28-Apr-2017)


Cash (31-Dec-2016)

$211.5 m
Progressive's current market capitalization is $23.1 b.
Progressive's revenue was reported to be $23.4 b in FY, 2016 which is a 12% increase from the previous period.
FY, 2010FY, 2011FY, 2012FY, 2013FY, 2014FY, 2015FY, 2016


$15.2 b$15.8 b$17.1 b$18.2 b$19.4 b$20.9 b$23.4 b

Revenue growth, %


Cost of goods sold

$12.5 b$13.3 b$14.3 b$16.9 b

Gross profit

$5.7 b$6.1 b$6.5 b$6.6 b

Gross profit Margin, %


Operating expense total

$16.5 b$17.5 b$18.9 b$22 b

Interest expense

$118.2 m$116.9 m$136 m$140.9 m

Pre tax profit

$1.7 b$1.9 b$1.9 b$1.5 b

Income tax expense

$496.9 m$471.5 m$415.4 m$554.6 m$626.4 m$611.1 m$413.5 m

Net Income

$1.2 b$1.3 b$1.3 b$1.1 b
FY, 2013FY, 2014FY, 2015FY, 2016


$75.1 m$108.4 m$224.4 m$211.5 m


$447.6 m$449.4 m

Total Assets

$24.4 b$25.8 b$29.8 b$33.4 b

Dividends Payable

$890.2 m$404.1 m$519.2 m$395.4 m

Total Debt

Additional Paid-in Capital

$1.1 b$1.2 b$1.2 b$1.3 b

Retained Earnings

$3.5 b$4.1 b$4.7 b$5.1 b

Total Equity

$6.2 b$6.9 b$7.3 b$8 b

Financial Leverage

3.9 x3.7 x4.1 x4.2 x
FY, 2013FY, 2014FY, 2015FY, 2016

Net Income

$1.2 b$1.3 b$1.3 b$1.1 b

Cash From Operating Activities

$1.9 b$1.7 b$2.3 b$2.7 b

Purchases of PP&E

($140.4 m)($108.1 m)($130.7 m)($215 m)

Cash From Investing Activities

($1.4 b)($836.9 m)($1.9 b)($2.5 b)

Dividends Paid

($175.6 m)($892.6 m)($403.6 m)($519 m)

Cash From Financing Activities

($646.8 m)($855.4 m)($252.8 m)($250.4 m)

Income Taxes Paid

$57.8 m$97.5 m($107.2 m)($55.7 m)

Progressive Market Value History

Progressive Online Presence

Progressive News

Progressive Company Life

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