A Progressive insurance agency in Valdosta, Georgia, in December 2013
Company type
Public
Traded as
NYSE: PGR
S&P 500 component
Industry
Insurance
Founded
March 10, 1937; 87 years ago (1937-03-10)
Headquarters
Mayfield Village, Ohio, U.S.
Key people
Lawton W. Fitt (Chairperson) Tricia Griffith (President and CEO)
Revenue
US$49.61 billion (2022)[1]
Operating income
US$1.487 billion (2022)[1]
Net income
US$721.5 million (2022)[1]
Total assets
US$75.46 billion (2022)[1]
Total equity
US$17.04 billion (2022)[1]
Number of employees
55,100 (2022)[1]
Website
www.progressive.com
The Progressive Corporation is an American insurance company. In late 2022, Progressive became the largest motor insurance carrier in the U.S.[2] The company was co-founded in 1937 by Jack Green and Joseph M. Lewis, and is headquartered in Mayfield Village, Ohio.[3] The company insures passenger vehicles, motorcycles, RVs, trailers, boats, PWC, and commercial vehicles. Progressive also provides home, life, pet, and other insurance through select companies. Additionally, Progressive offers auto insurance in Australia.
The company ranked #88 on the 2023 Fortune 500 list of the top American corporations.[4]
^ abcdef"Progressive Financial Statements 2009-2023". Macrotrends. July 11, 2023.
^"Progressive Corporation becomes largest US motor insurer: GlobalData". Reinsurancenews. November 30, 2022. Retrieved July 11, 2023.
^Suzanne Rivard; Benoit Aubert; Michel Patry; Guy Paré; Heather Smith (2004). Information Technology and Organizational Transformation: Solving the Management Puzzle. Butterworth-Heinemann. pp. 142. ISBN 978-0-7506-6202-4.
^"Fortune 500 Progressive". Fortune. Retrieved July 11, 2023.
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Global Information
