OverviewSuggest Edit

Progressive is an insurance holding company. It provides personal and commercial auto insurance, residential property insurance, and other specialty property-casualty insurance and related services. The company also supports insurance and investment operations. In addition, it sells personal auto physical damage and auto property damage liability insurance.

TypePublic
Founded1937
HQMayfield, US
Websiteprogressive.com
Employee Ratings3.7
Culture scoreA-

Locations

Progressive is headquartered in
Mayfield, United States

Location Map

Latest Updates

Employees (est.) (Dec 2019)41,571(+12%)
Job Openings43
Revenue (FY, 2019)$39 B(+23%)
Share Price (May 2020)$74.7

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
John Murphy

John Murphy

Chief Relationship Management President
Pat Callahan

Pat Callahan

Personal Lines President
Jeff Charney

Jeff Charney

Chief Marketing Officer
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Progressive Office Locations

Progressive has offices in Mayfield, Akron, Albany, Allentown and in 16 other locations
Mayfield, US (HQ)
6300 Wilson Mills Rd
Akron, US
46 W Waterloo Rd
Albany, US
2425 Westgate Dr #131
Allentown, US
609 Hamilton St #210
Austin, US
7301 Metro Center Dr
Buffalo, US
6699 Transit Rd
Show all (27)

Progressive Financials and Metrics

Progressive Revenue

Progressive's revenue was reported to be $39.02 b in FY, 2019
USD

Revenue (Q1, 2020)

9.3b

Net income (Q1, 2020)

699.1m

Market capitalization (25-May-2020)

43.7b

Closing stock price (25-May-2020)

74.7

Cash (31-Mar-2020)

369.5m
Progressive's current market capitalization is $43.7 b.
Annual
USDFY, 2016FY, 2017FY, 2018FY, 2019

Revenue

23.4b26.8b32.0b39.0b

Revenue growth, %

12%14%19%

Cost of goods sold

16.9b18.8b21.7b

Gross profit

6.6b8.0b10.3b
Quarterly
USDQ1, 2017Q2, 2017Q3, 2017Q1, 2018Q2, 2018Q3, 2018Q1, 2019Q2, 2019Q3, 2019Q1, 2020

Revenue

6.3b6.6b6.8b7.4b8.0b8.5b9.3b9.5b9.5b9.3b

Cost of goods sold

4.3b4.6b5.1b4.9b5.4b5.5b5.8b6.1b6.4b

Gross profit

2.1b2.0b1.7b2.6b2.6b3.0b3.5b3.3b3.1b

Gross profit Margin, %

33%30%26%34%33%35%38%35%33%
Annual
USDFY, 2016FY, 2017FY, 2018FY, 2019

Cash

211.5m265.0m69.5m226.2m

Accounts Receivable

4.5b5.4b6.5b

PP&E

1.2b1.1b1.1b1.2b

Goodwill

449.4m452.7m452.7m452.7m
Annual
USDFY, 2016FY, 2017FY, 2018FY, 2019

Net Income

1.1b1.6b2.6b

Depreciation and Amortization

199.5m236.1m262.4m306.1m

Accounts Payable

308.9m400.0m746.6m611.6m

Cash From Operating Activities

2.7b3.8b6.3b6.3b
Quarterly
USDQ1, 2017Q2, 2017Q3, 2017Q1, 2018Q2, 2018Q3, 2018Q1, 2019Q2, 2019Q3, 2019Q1, 2020

Net Income

430.3m803.0m1.0b729.8m1.4b2.4b1.1b2.1b2.9b699.1m

Depreciation and Amortization

56.5m115.0m174.9m58.9m122.6m187.8m70.5m150.5m222.7m77.1m

Accounts Payable

137.4m430.2m622.1m283.2m700.4m1.0b291.5m605.8m920.5m(189.9m)

Cash From Operating Activities

1.1b2.0b3.2b1.7b3.5b5.2b1.9b3.4b5.1b1.6b
USDY, 2020

Financial Leverage

3.9 x
Show all financial metrics

Progressive Operating Metrics

FY, 2016FY, 2017FY, 2018

Investments Portfolio

$23.50 b$27.30 b$33.60 b

Service Centers (US)

68 68

Agencies

35 k35 k35 k

Patents Issued

5 11 14
Show all operating metrics

Progressive Acquisitions / Subsidiaries

Company NameDateDeal Size
ARX Holding Corp.April 01, 2015$875 m
American Strategic Insurance Corp.
Ark Royal Underwriters, LLC
Artisan and Truckers Casualty Company
ASI Assurance Corp.
ASI Home Insurance Corp.
ASI Lloyds, Inc.
ASI Preferred Insurance, Corp.
ASI Select Auto Insurance Corp.
ASI Select Insurance Corp.
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Progressive Revenue Breakdown

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Progressive revenue breakdown by business segment: 84.2% from Personal Lines, 11.7% from Commercial Lines and 4.2% from Other

Human Capital Metrics

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Progressive Online and Social Media Presence

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Progressive Company Culture

  • Overall Culture

    A-

    75/100

  • CEO Rating

    A+

    83/100

  • Compensation

    A

    79/100

  • Diversity

    A+

    82/100

Learn more on Comparably

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 41,571 employees.

  • What is Progressive revenue?

    Latest Progressive annual revenue is $39 b.

  • What is Progressive revenue per employee?

    Latest Progressive revenue per employee is $938.7 k.

  • Who are Progressive competitors?

    Competitors of Progressive include Liberty Mutual Insurance, Berkshire Hathaway and State Farm.

  • Where is Progressive headquarters?

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

  • Where are Progressive offices?

    Progressive has offices in Mayfield, Akron, Albany, Allentown and in 16 other locations.

  • How many offices does Progressive have?

    Progressive has 27 offices.