Progressive Corporation
name
Progressive Corporation
id
PGR
summary
The Progressive Corporation is an American insurance company and the largest motor insurance carrier in the U.S. as of late 2022. Founded in 1937 by Jack Green and Joseph M. Lewis, it is headquartered in Mayfield Village, Ohio. Progressive insures passenger vehicles, motorcycles, RVs, trailers, boats, PWC, and commercial vehicles, and offers home, life, pet, and other insurance through select companies. It also provides auto insurance in Australia. The company operates in three segments: personal lines, commercial auto, and other-indemnity. Progressive is known for its innovative approaches, including being the first auto insurance company to have a website and to allow customers to purchase policies via that site. It ranked #88 on the 2023 Fortune 500 list.
industry
Insurance
founded
March 10, 1937
headquarters
Mayfield Village, Ohio, U.S.
key_people
Lawton W. Fitt (Chairperson), Tricia Griffith (President and CEO)
revenue
US$49.61 billion (2022)
operating_income
US$1.487 billion (2022)
net_income
US$721.5 million (2022)
total_assets
US$75.46 billion (2022)
total_equity
US$17.04 billion (2022)
number_of_employees
55,100 (2022)
website
www.progressive.com