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 $6.3 b in Q1, 2017
USD

Revenue (Q1, 2017)

6.3 b

Net income (Q1, 2017)

430.3 m

Market capitalization (16-Oct-2017)

28.6 b

Cash (31-Mar-2017)

214.5 m
Progressive's current market capitalization is $28.6 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
USDQ2, 2014Q3, 2014Q1, 2015Q2, 2015Q3, 2015Q1, 2016Q2, 2016Q3, 2016Q1, 2017

Revenue

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

Interest expense

29.6 m30.7 m32.5 m34.9 m34.5 m34.2 m34.3 m35.3 m36.8 m

Pre tax profit

437.4 m441.8 m443.2 m525.3 m429 m387.4 m287.3 m258.5 m641.5 m

Income tax expense

144 m145.7 m147.6 m156.8 m142.5 m128.7 m92.4 m53 m211.2 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
USDQ2, 2014Q3, 2014Q1, 2015Q2, 2015Q3, 2015Q1, 2016Q2, 2016Q3, 2016Q1, 2017

Cash

126.1 m90.6 m101.5 m263.8 m194.5 m209.9 m134.7 m143.4 m214.5 m

Inventories

24.3 b

Goodwill

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

Total Assets

25.5 b25.9 b26.9 b29.3 b29.9 b30.7 b32 b33.6 b34.8 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)
USDQ2, 2014Q3, 2014Q1, 2015Q2, 2015Q3, 2015Q1, 2016Q2, 2016Q3, 2016Q1, 2017

Net Income

614.7 m910.8 m295.6 m258.7 m453.6 m659.1 m430.3 m

Depreciation and Amortization

46.7 m71.8 m23.8 m49.7 m76.1 m27.5 m58.1 m94.6 m41 m

Cash From Operating Activities

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

Purchases of PP&E

(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)
USDY, 2017

Revenue/Employee

199.3 k

Financial Leverage

4.1 x
Show all financial metrics

Progressive Market Value History

Progressive Revenue Breakdown

Traffic Overview of Progressive

Progressive Online and Social Media Presence

Progressive News and Updates

Stylus Pen 2017 Global Market Expected to Grow at CAGR 5.7% and Forecast to 2020

WiseGuyReports.Com Publish a New Market Research Report On - “Stylus Pen 2017 Global Market Expected to Grow at CAGR 5.7% and Forecast to 2020”. Posted via Industry Today. Follow us on Twitter @IndustryToday

PE-backed CoAdvantage acquires PEMCO

CoAdvantage, a portfolio company of Morgan Stanley Private Equity, has acquired Florida-based Progressive Employer Management Company, a provider of payroll administration, workers' compensation, employee benefits and human resource solutions for businesses. No financial terms were disclosed.

New Group Promises Real Money For Local Candidates Who Commit To Sweeping National Progressive Goals

Economist Jeffrey Sachs, former New York state senator Daniel Squadron, and Adam Pritzker of the wealthy Pritzker family will fund candidates — currently all Democrats running for state office — who commit to a range of policy targets for 2030. They start in Virginia with 10 House of Delegates candi…

What Effects Does Climate Change Have On Soil Health & The Future Of Food?

The health and vitality of soil everywhere, from the smallest backyard garden to the largest Midwestern farm, plays an integral role in food production – and it’s threatened by climate change. What Effects Does Climate Change Have On Soil Health & The Future Of Food? was originally published on …

Indians tie AL record with 20th straight win

Indians equal AL record with 20th straight win, matching 2002 "Moneyball" Athletics

Hurricane Harvey: damage payouts could be as much as $20bn

Hurricane Harvey costs to the US insurance industry could be as much as $20bn (£15.5bn), making it one of the biggest payouts in American history alongside Hurricane Katrina. JPMorgan said in a note to clients today that insured losses could be between $10bn and $20bn. Another estimate by Chuck W…
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Progressive Company Life and Culture

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