Progressive Corporation (NYSE: PGR)
Insurance - Property & Casualty · Mayfield Village, OH, United States · Founded 1937
- Market capitalization: $140.0 billion
- Annual revenue: $87.67 billion
- Net income: $11.31 billion
- Employees: 61,000
- Sector: Financial Services
- Headquarters: Mayfield Village, United States
- Founded: 1937
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Progressive is the third-largest auto insurer in the United States, known for its direct-to-consumer model and data-driven pricing. Flo, the fictional spokesperson, has appeared in over 100 commercials since 2008, making her one of the most recognized advertising characters in America.
Sell auto, home, and commercial insurance policies. Progressive pioneered usage-based insurance with Snapshot — a device that monitors driving behavior and adjusts premiums accordingly. Good drivers pay less; aggressive drivers pay more. The direct channel (online/phone) keeps acquisition costs below agency-based competitors.
Founded in 1937 in Cleveland, Ohio, Progressive was the first auto insurer to offer drive-in claims service and the first to sell policies online (1997). The company grew from a niche high-risk insurer into the #3 auto insurer by consistently undercutting competitors on price through superior data analytics and lower operating costs.
| Market Capitalization | $140.0B |
| Annual Revenue | $87.67B |
| Net Income | $11.31B |
| Profit Margin | 13% |
| Revenue per Employee | $1437213K |
| Stock Exchange | NYSE |
| Ticker Symbol | PGR |
Financial data is approximate and based on most recent annual filings.
Progressive's combined ratio (claims + expenses as a percentage of premiums) consistently beats the industry average. The company insures over 28 million policies. Their Name Your Price tool — where customers set a budget and Progressive shows matching coverage — was a marketing masterstroke that reframed insurance shopping.
Progressive executes better than almost any insurer in America. Their data advantage in pricing risk compounds over time — better data means better prices means more customers means more data. The stock has crushed the S&P 500 over every meaningful time period.
What is Progressive Corporation's revenue?
Progressive Corporation generates approximately $87.67 billion in annual revenue.
How many employees does Progressive Corporation have?
Progressive Corporation employs approximately 61,000 people worldwide.
What is Progressive Corporation's market cap?
Progressive Corporation (PGR) has a market capitalization of approximately $140.0 billion on the NYSE.
When was Progressive Corporation founded?
Progressive Corporation was founded in 1937 and is headquartered in Mayfield Village, OH, United States.
Who is the CEO of Progressive Corporation?
Tricia Griffith is the current CEO of Progressive Corporation.
What is Progressive Corporation's website?
Progressive Corporation's official website is progressive.com.
| CEO | Tricia Griffith |
| Sector | Financial Services |
| Industry | Insurance - Property & Casualty |
| Founded | 1937 |
| HQ | Mayfield Village, OH |
| Country | United States |
| Website | progressive.com |
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