Progressive Corporation is an American insurance company co-founded in 1937 by Jack Green and Joseph M. Lewis. Headquartered in Mayfield, Ohio, Progressive has grown to become the 2nd largest auto insurer in the United States, behind State Farm. Tricia Griffith is the current President and Chief Executive Officer. The company's insurance subsidiaries offer personal and commercial auto insurance, as well as other specialty property-casualty insurance products and related services throughout the U.S. Progressive is publicly traded on the NYSE as PGR and ranked #62 on the 2024 Fortune 500 list.
Progressive provides a range of insurance products, including coverage for passenger vehicles, motorcycles, RVs, trailers, boats, and commercial vehicles. They also offer home, life, and pet insurance through select companies. Progressive sells its services via the internet, by phone, and through a network of independent insurance agents. A key product is Snapshot, a usage-based insurance program that offers discounts based on driving habits. Recent news includes Progressive's return for a second season with Denny Hamlin and Joe Gibbs Racing, the introduction of pet insurance for cats and dogs, and plans to issue credits related to Florida excess profits. Recent analysis indicates renewed confidence in Progressive's data-driven business model, with analysts and institutional investors showing positive views.
