Tricia Griffith

Between growing economic uncertainty, increasingly costly natural disasters, and advances in AI, it’s a turbulent time to be an insurer—one longtime Progressive CEO Tricia Griffith is navigating with finesse. The insurer notched $75.4 billion in revenue in 2024, a 21% increase from the previous year and the second year in a row the company has seen that level of impressive growth. Progressive added more than 5 million policies in 2024, and plans to hire 12,000 more U.S. workers this year to keep the momentum going. Doubling down on offerings like home and auto insurance bundles—not to mention substantial rate increases—has been behind much of the explosive growth the company has seen under Griffith’s leadership that even competitor Warren Buffett has praised.