Progressive
The third-largest provider of auto insurance in the U.S., Progressive insures cars, motorcycles, boats, and commercial vehicles. It has over 18 million customers and more than 20 million policies in force today. Progressive operates in three segments: personal lines, commercial auto, and general and professional liability. Known for its advertising campaigns starring the character Flo, Progressive sells insurance through more than 30,000 independent insurance agencies across the U.S. and Australia. In April 2020, the company announced that it had completed its acquisition of ARX Holding Corp., the parent company of the former American Strategic Insurance, in a deal valued at $242 million.
Company Information
As of 2/1/2023
Country
U.S.
Headquarters
Mayfield Village, Ohio
Industry
Insurance: Property and Casualty
CEO
Susan Patricia Griffith
Website
Company Type
Public
Ticker
PGR
Revenues ($M)
$49,611
Profits ($M)
$722
Market Value ($M)
$74,664
Employees
49,077
Figures are for fiscal year ended Dec. 31, 2022. Market value as of Jan. 20, 2023. Sources: Bloomberg; S&P Global.
World's Most Admired Companies
Sector
Financials
Industry
Insurance: Property and Casualty
Current All-Star Rank
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Previous All-Star Rank
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Industry Rank
6
Previous Industry Rank
7
Overall Score
6.23
Innovation
1
People Management
5
Use of Corporate Assets
6
Social Responsibility
13
Quality of Management
2
Financial Soundness
8
Long-Term Investment Value
3
Quality of Products/Services
6
Global Competitiveness
15
Company Info
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Date info provided (companies may opt to keep some data confidential)
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Key Financials (Last Fiscal Year)
$ millions
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EPS % Change (10 year annual rate)
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Total Return
Total Return to Investors (2021)
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Best Companies
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Years on list
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Employees (as of March 2022)
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Job openings (as of March 2022)
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Year founded
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Perks
100% health coverage
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Unlimited sick days
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Telecommuting
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Job sharing
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Subsidized childcare
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Compressed work weeks
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Fully-paid sabbaticals
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On-site fitness/subsidized gym
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On-site medical care facility
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Non-discrimination policy includes sexual orientation
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Sick days for part-timers
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College tuition reimbursement
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Student loan debt repayment
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Medical facility at all locations
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Diversity
% Women
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% Minorities
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Paid Time Off: Full-Time Employees
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Hiring/Staffing (Past 12 Months)
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Fastest-Growing Companies
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Revenue 3 Yr Annual Growth Rate
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EPS 3 Yr Annual Growth Rate
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Total Return 3 Yr Rank
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Total Return 3 Yr Annual Rate (Through June 30, 2021)
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Beat S&P 500 3 Yr Return (18.6%)
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Current Streak
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Years on List
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Sector
Financials
Lists ranking Progressive
