OverviewSuggest Edit

The Progressive Corporation 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 operates a range of non-insurance subsidiaries that support its insurance and investment operations.

TypePublic
Founded1937
HQMayfield, OH, US
Websiteprogressive.com
Employee Ratings3.8
Overall CultureA

Locations

Progressive Corporation is headquartered in
Mayfield, United States

Location Map

Latest Updates

Employees (est.) (Dec 2020)43,326(+5%)
Job Openings1,051
Revenue (FY, 2020)$42.7 B(+10%)
Share Price (May 2022)$109.5(-2%)
Cybersecurity ratingBMore
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Key People/Management at Progressive Corporation

Tricia Griffith

Tricia Griffith

President & Chief Executive Officer
Karen Bailo

Karen Bailo

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 Corporation Office Locations

Progressive Corporation has offices in Mayfield, Austin, Colorado Springs, Ewing Township and in 10 other locations
Mayfield, OH, US (HQ)
6300 Wilson Mills Rd
Austin, TX, US
7301 Metro Center Dr
Colorado Springs, CO, US
12710 Voyager Pkwy
Ewing Township, NJ, US
820 Bear Tavern Rd #305
Highland Heights, OH, US
624 Alpha Dr
Highland Heights, OH, US
625 Alpha Dr
Show all (21)

Progressive Corporation Financials and Metrics

Progressive Corporation Revenue

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Progressive Corporation's revenue was reported to be $42.66 b in FY, 2020 which is a 9.3% increase from the previous period.
USD

Revenue (Q3, 2021)

11.9b

Gross profit (Q3, 2021)

2.6b

Gross profit margin (Q3, 2021), %

22%

Net income (Q3, 2021)

118.5m

Market capitalization (6-May-2022)

64.0b

Closing stock price (6-May-2022)

109.5

Cash (30-Sept-2021)

270.6m

EV

68.6b
Progressive Corporation's current market capitalization is $64 b.
Annual
USDFY, 2018FY, 2019FY, 2020

Revenue

32.0b39.0b42.7b

Revenue growth, %

19%22%9%

Cost of goods sold

21.7b25.5b25.1b

Gross profit

10.3b13.6b17.5b
Quarterly
USDQ1, 2019Q2, 2019Q3, 2019Q1, 2020Q2, 2020Q3, 2020Q1, 2021Q2, 2021Q3, 2021

Revenue

9.3b9.5b9.5b9.3b11.0b10.9b11.4b11.9b11.9b

Cost of goods sold

5.8b6.1b6.4b6.2b5.3b6.7b7.1b8.4b9.3b

Gross profit

3.5b3.3b3.1b3.2b5.7b4.2b4.3b3.5b2.6b

Gross profit Margin, %

38%35%33%34%51%39%38%29%22%
Annual
USDFY, 2018FY, 2019FY, 2020

Cash

69.5m226.2m76.5m

Accounts Receivable

6.5b7.5b8.2b

PP&E

1.1b1.2b1.1b

Goodwill

452.7m452.7m452.7m
Quarterly
Annual
USDFY, 2018FY, 2019FY, 2020

Net Income

2.6b4.0b5.7b

Depreciation and Amortization

262.4m306.1m331.8m

Accounts Payable

746.6m611.6m328.9m

Cash From Operating Activities

6.3b6.3b6.9b
Quarterly
USDQ1, 2019Q2, 2019Q3, 2019Q1, 2020Q2, 2020Q3, 2020Q1, 2021Q2, 2021Q3, 2021

Net Income

1.1b2.1b2.9b699.1m2.5b4.0b1.5b2.3b2.4b

Depreciation and Amortization

70.5m150.5m222.7m77.1m158.9m244.0m77.1m157.9m247.0m

Accounts Payable

291.5m605.8m920.5m(189.9m)(2.0m)319.7m380.1m717.8m1.0b

Cash From Operating Activities

1.9b3.4b5.1b1.6b3.9b5.4b2.6b4.9b7.3b
USDFY, 2018

Revenue/Employee

856.3k

Debt/Equity

0.4 x

Debt/Assets

0.1 x

Financial Leverage

4.3 x
Show all financial metrics

Progressive Corporation Operating Metrics

FY, 2018FY, 2019FY, 2020

Investments Portfolio

$33.6 b$39.3 b$47.5 b

Agencies

35 k35 k40 k

Facilities Owned (US), sq. ft.

5.1 m5 m4.9 m

Patents Issued

141515
Show all operating metrics

Progressive Corporation Acquisitions / Subsidiaries

Company NameDateDeal Size
Protective InsuranceFebruary 16, 2021$338 m
ARX Holding Corp.April 01, 2015$875 m
American Strategic Insurance Corp.November 28, 2014$875 m
358 Ventures, Inc.
American Strategic Insurance Comp.
Ark Royal Underwriters, LLC
Artisan and Truckers Casualty Company
ARX Holding Corp.
ASI Assurance Corp.
ASI Home Insurance Corp.
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Progressive Corporation Revenue Breakdown

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Progressive Corporation revenue breakdown by business segment: 83.1% from Personal Lines, 12.4% from Commercial Lines and 4.5% from Other

Human Capital Metrics

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Progressive Corporation Cybersecurity Score

Cybersecurity ratingPremium dataset

B

87/100

SecurityScorecard logo

Progressive Corporation Environment, Social & Governance (ESG) Ratings

CSRHub ESG ratingPremium dataset

50-59

out of 100

CSRHub logo

Progressive Corporation Online and Social Media Presence

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Progressive Corporation Company Culture

  • Overall Culture

    A

    76/100

  • CEO Rating

    A+

    85/100

  • Compensation

    A

    79/100

  • Diversity

    B

    72/100

Learn more on Comparably

Progressive Corporation Frequently Asked Questions

  • When was Progressive Corporation founded?

    Progressive Corporation was founded in 1937.

  • Who are Progressive Corporation key executives?

    Progressive Corporation's key executives are Tricia Griffith, Karen Bailo and Steve Broz.

  • How many employees does Progressive Corporation have?

    Progressive Corporation has 43,326 employees.

  • What is Progressive Corporation revenue?

    Latest Progressive Corporation annual revenue is $42.7 b.

  • What is Progressive Corporation revenue per employee?

    Latest Progressive Corporation revenue per employee is $984.6 k.

  • Who are Progressive Corporation competitors?

    Competitors of Progressive Corporation include Berkshire Hathaway, Aegon and Hanover Insurance.

  • Where is Progressive Corporation headquarters?

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

  • Where are Progressive Corporation offices?

    Progressive Corporation has offices in Mayfield, Austin, Colorado Springs, Ewing Township and in 10 other locations.

  • How many offices does Progressive Corporation have?

    Progressive Corporation has 21 offices.