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Progressive had a big year: With revenues climbing 22% year-over-year, profits jumping 52%, and more than 4,000 new employees hired, the insurer shot up 13 spots on the Fortune 500. Progressive’s growth was aided by its commercial lines segment, which grew 20% year-over-year. The House that Flo Built also expanded its auto coverage with ridesharing titans Uber and Lyft. In early 2020, stay-at-home orders have dramatically lowered domestic traffic, and thus auto insurance claims. As a result CEO Tricia Griffith, the first woman named Fortune’s Businessperson of the Year, announced the company would refund its insured drivers 20% of their April and May premiums.
Lists ranking Progressive
100 Best Companies to Work For - 2021Our 2021 list of the 100 best companies to work fo...READ MOREview in list
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100 Fastest-Growing Companies - 2020Collectively, the ranked companies produced a thre...READ MOREview in list
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Fortune 500 - 2020This year's Fortune 500 marks the 66th running of ...READ MOREview in list