Businessperson of the Year

Home
  • E-mail
  • Tweet
  • Facebook
  • Linkedin
List View
We start with results. Each December, when we choose Fortune’s Businessperson of the Year, we run the numbers, weighing 10 financial metrics including 12-month and 36-month increases in profits and revenue (we use a three-year window to eliminate any companies that post a great year following a slump). We also weight stock performance and total shareholder returns over the same period. Only then do we factor in those intangibles that separate so-so CEOs from the standouts—things like business influence, strategic vision, and the impact of their leadership. The result? Twenty businesspeople who delivered.
1

Tricia Griffith

CEO, Progressive
  • E-mail
  • Tweet
  • Facebook
  • Linkedin
Spencer Heyfron for Fortune

Tricia Griffith is a rarity on two fronts: a CEO that started as an entry level employee at the company she now leads, and one of just 24 female Fortune 500 chief executives. But she’s also something else: a CEO pulling off the remarkable feat of transforming an 81-year-old company into a growth powerhouse. Progressive’s stock is up nearly 50% over the past 12 months and profits have more than doubled. In 2017, Progressive vaulted past Allstate as the nation’s third largest auto insurer behind Geico and State Farm. And perhaps most impressively, at the end of the third quarter, Progressive hit $30 billion in net premiums written after reaching $20 billion just three years earlier. Meanwhile Progressive’s one-year and annualized three-year sales growth (at 20.2% and 11.4%, respectively) tops both Apple’s and Microsoft’s. Fortune gets an inside look at how Griffith is rewriting the rules of underwriting.

 

Read: Meet the CEO of the Insurance Company Growing Faster Than Apple.

Sign In

Get

Thank you for your interest in licensing Fortune content. Please find information on various licensing contacts below and choose the one that best suits your needs:

  • 1. To license Fortune articles, excerpts, or headlines for republication in various media (including books, eBooks, film, web, newsletters, newspapers, magazines and others), please email syndication@timeinc.com.
  • 2. To license a Fortune cover, order reprint or e-print copies of an article or cover, or license an accolade, please contact PARS International at www.timeincreprints.com.
  • 3. To license text only photocopies of Fortunearticles as print or digital handouts in academic settings, or in academic coursepacks, please contact the Copyright Clearance Center at www.copyright.com