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Progressive Insurance

OverviewSuggest Edit

Progressive Casualty Insurance 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, OH, USMap
Websiteprogressive.com
Employee Ratings3.9More
Overall CultureA+More
View Jobs (483)

Locations

Progressive Insurance is headquartered in
Mayfield, United States

Location Map
All Locations (16)

Latest Updates

Employees (est.) (Dec 2019)41,571(+12%)
Job Openings483
Revenue (FY, 2020)$42.7 B(+10%)
Share Price (May 2021)$105.2(+3%)
Cybersecurity ratingBMore

Key People/Management at Progressive Insurance

Tricia Griffith

Tricia Griffith

President and 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
Show more

Progressive Insurance Office Locations

Progressive Insurance has offices in Mayfield, Austin, Colorado Springs, Highland Heights and in 5 other locations
Mayfield, OH, US (HQ)
6300 Wilson Mills Rd
Austin, TX, US
7301 Metro Center Dr
Colorado Springs, CO, US
12710 Voyager Pkwy
Highland Heights, OH, US
624 Alpha Dr
Highland Heights, OH, US
625 Alpha Dr
Highland Heights, OH, US
747 Alpha Dr
Show all (16)

Progressive Insurance Financials and Metrics

Progressive Insurance Revenue

Progressive Insurance's revenue was reported to be $42.66 b in FY, 2020
USD

Revenue (FY, 2020)

42.7b

Net income (FY, 2020)

5.7b

Market capitalization (7-May-2021)

61.5b

Closing stock price (7-May-2021)

105.2

Cash (30-Sept-2020)

90.1m
Progressive Insurance's current market capitalization is $61.5 b.
Annual
USDFY, 2016FY, 2017FY, 2018FY, 2019FY, 2020

Revenue

23.4b26.8b32.0b39.0b42.7b

Revenue growth, %

12%14%19%22%

Cost of goods sold

16.9b18.8b21.7b25.5b

Gross profit

6.6b8.0b10.3b13.6b
Quarterly
USDQ1, 2017Q2, 2017Q3, 2017Q1, 2018Q2, 2018Q3, 2018Q1, 2019Q2, 2019Q3, 2019Q1, 2020Q2, 2020Q3, 2020

Revenue

6.3b6.6b6.8b7430.1t8018.0t8495.8t9.3b9.5b9.5b9.3b11.0b10.9b

Cost of goods sold

4.3b4.6b5.1b4870.8t5375.3t5523.1t5.8b6.1b6.4b6.2b5.3b

Gross profit

2.1b2.0b1.7b2559.3t2642.7t2972.7t3.5b3.3b3.1b3.2b5.7b

Gross profit Margin, %

33%30%26%34%33%35%38%35%33%34%51%
show all
Annual
USDFY, 2016FY, 2017FY, 2018FY, 2019

Cash

211.5m265.0m69.5m226.2m

Accounts Receivable

4.5b5.4b6.5b7.5b

PP&E

1.2b1.1b1.1b1.2b

Goodwill

449.4m452.7m452.7m452.7m
Quarterly
USDQ1, 2018Q2, 2018Q3, 2018Q1, 2019Q2, 2019Q3, 2019Q1, 2020Q2, 2020Q3, 2020

Cash

190.1m154.8m121.9m158.0m91.9m45.9m369.5m109.1m90.1m

Accounts Receivable

6.0b6.2b6.8b7.2b7.2b7.7b7.6b7.6b

PP&E

1.1b1.1b1.1b1.1b1.2b1.2b1.2b1.2b1.2b

Goodwill

452.7m452.7m452.7m452.7m452.7m452.7m452.7m452.7m452.7m
show all
Annual
USDFY, 2016FY, 2017FY, 2018FY, 2019FY, 2020

Net Income

1.1b1.6b2.6b4.0b5.7b

Depreciation and Amortization

199.5m236.1m262.4m306.1m331.8m

Accounts Payable

308.9m400.0m746.6m611.6m328.9m

Cash From Operating Activities

2.7b3.8b6.3b6.3b6.9b
Quarterly
USDQ1, 2017Q2, 2017Q3, 2017Q1, 2018Q2, 2018Q3, 2018Q1, 2019Q2, 2019Q3, 2019Q1, 2020Q2, 2020Q3, 2020

Net Income

430.3m803.0m1.0b729.8m1.4b2.4b1.1b2.1b2.9b699.1m2.5b4.0b

Depreciation and Amortization

56.5m115.0m174.9m58.9m122.6m187.8m70.5m150.5m222.7m77.1m158.9m244.0m

Accounts Payable

137.4m430.2m622.1m283.2m700.4m1.0b291.5m605.8m920.5m(189.9m)(2.0m)319.7m

Cash From Operating Activities

1.1b2.0b3.2b1.7b3.5b5.2b1.9b3.4b5.1b1.6b3.9b5.4b
show all
USDFY, 2016

Revenue/Employee

739.0k

Debt/Equity

0.4 x

Debt/Assets

0.1 x

Financial Leverage

4.2 x
Show all financial metrics

Progressive Insurance Operating Metrics

FY, 2016FY, 2017FY, 2018FY, 2019

Investments Portfolio

$23.5 b$27.3 b$33.6 b$39.3 b

Service Centers (US)

6868

Agencies

35 k35 k35 k35 k

Patents Issued

5111415
Show all operating metrics

Progressive Insurance 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 Insurance Revenue Breakdown

Embed Graph

Progressive Insurance revenue breakdown by business segment: 83.5% from Personal Lines, 12.2% from Commercial Lines and 4.3% from Other

Human Capital Metrics

Source: www.progressive.com
Embed Graph
Show all human capital metrics

Progressive Insurance Cybersecurity Score

Cybersecurity ratingPremium dataset

B

86/100

Learn more about our premium products
SecurityScorecard logo

Progressive Insurance Environment, Social & Governance (ESG) Ratings

CSRHub ESG ratingPremium dataset

50-59

out of 100

Learn more about our premium products
CSRHub logo

Progressive Insurance Online and Social Media Presence

Progressive Insurance's Trends

Embed Graph

Progressive Insurance Company Culture

  • Overall Culture

    A+

    94/100

  • CEO Rating

    A+

    100/100

  • Compensation

    A+

    95/100

Learn more on Comparably

 Progressive Insurance Frequently Asked Questions

  • When was Progressive Insurance founded?

    Progressive Insurance was founded in 1937.

  • Who are Progressive Insurance key executives?

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

  • How many employees does Progressive Insurance have?

    Progressive Insurance has 41,571 employees.

  • What is Progressive Insurance revenue?

    Latest Progressive Insurance annual revenue is $42.7 b.

  • What is Progressive Insurance revenue per employee?

    Latest Progressive Insurance revenue per employee is $1 m.

  • Who are Progressive Insurance competitors?

    Competitors of Progressive Insurance include USAA, Alleghany Corporation and Auto-Owners Insurance.

  • Where is Progressive Insurance headquarters?

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

  • Where are Progressive Insurance offices?

    Progressive Insurance has offices in Mayfield, Austin, Colorado Springs, Highland Heights and in 5 other locations.

  • How many offices does Progressive Insurance have?

    Progressive Insurance has 16 offices.