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  • Previous Rank112
  • Revenues ($M)$31,979.0
  • Revenue Percent Change19.2%
  • Profits ($M)$2,615.3
  • Profits Percent Change64.3%
  • Assets ($M)$46,575.0
  • Employees37,346

Rocketing up 13 points on this year’s Fortune 500 list, Progressive has shown one-year and annualized three-year sales growth (at 20.2% and 11.4%, respectively) that is higher than both Apple and Microsoft. The company’s marketing has crossed over into pop culture, luring plenty of new customers. (It now has more than 20 million people covering their cars, homes, RVs, boats, and commercial vehicles.). Net premiums crossed $30 billion, after hitting $20 billion in 2015. Profits were up more than 64% at the 82-year-old company, topping $2.6 billion. And to keep up with rising demand, the company added nearly 3,700 jobs last year throughout the country, with a goal of ultimately adding 7,500.

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Company Info

CEO
Susan Patricia Griffith
CEO Title
President, Chief Executive Officer & Director
Sector
Financials
Industry
Insurance: Property and Casualty (Stock)
HQ Location
Mayfield Village, Ohio
Websitehttp://www.progressive.com
Years on Fortune 500 List25
Employees37,346

Progressive Rank History

Key Financials (Last Fiscal Year)

$ millions% change
Revenues ($M)$31,979.019.2%
Profits ($M)$2,615.364.3%
Assets ($M)$46,575.0-
Total Stockholder Equity ($M)$10,821.8-

Profit Ratios

Profit as % of Revenues8.2%
Profits as % of Assets5.6%
Profits as % of Stockholder Equity24.2%

Earnings Per Share (Last Fiscal Year)

Earnings Per Share ($)4.42
EPS % Change (from 2017)62.5%
EPS % Change (5 year annual rate)18.0%
EPS % Change (10 year annual rate)-

Total Return

Total Return to Investors (2018)9.4%
Total Return to Investors (5 year, annualized)20.9%
Total Return to Investors (10 year, annualized)18.7%