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  • Title
    President and CEO
  • Affiliation
    Progressive
  • Country
    U.S.

Amid record-high inflation, Progressive is hitting a few bumps in the road. The insurer Griffith has led since 2016 has responded to soaring car values by raising rates on its personal auto insurance policies—but as a result, fewer people are applying for its products. Now the company has dipped into the red: Progressive swung to a loss of $229 million in the first half of 2022, while revenue remained flat compared with the same period a year earlier.