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The Progressive Corporation (PGR)

NYSE - Nasdaq Real-time price. Currency in USD
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227.38+6.02 (+2.72%)
As of 11:52AM EDT. Market open.

The Progressive Corporation

6300 Wilson Mills Road
Mayfield, OH 44143
United States
440 461 5000
https://www.progressive.com

Sector(s)Financial Services
IndustryInsurance - Property & Casualty
Full-time employees61,432

Key executives

NameTitlePayExercisedYear born
Ms. Susan Patricia GriffithPresident, CEO & Director5.64MN/A1964
Mr. John Peter SauerlandVP & CFO2.57MN/A1964
Mr. Patrick K. CallahanPresident of Personal Lines2.39MN/A1970
Mr. John Joseph MurphyPresident of Claims1.61MN/A1969
Ms. Karen Barone BailoPresident of Commercial Lines1.66MN/A1969
Mr. Jonathan S. BauerChief Investment OfficerN/AN/A1979
Ms. Mariann Wojtkun MarshallVP, Chief Accounting Officer & Assistant SecretaryN/AN/A1962
Mr. Steven Anthony BrozChief Information OfficerN/AN/A1970
Douglas S. ConstantineDirector of Investor RelationsN/AN/AN/A
David M. StringerVP, Secretary & Chief Legal OfficerN/AN/A1975
Amounts are as of 31 December 2023, and compensation values are for the last fiscal year ending on that date. Pay includes salary, bonuses, etc. Exercised is the value of options exercised during the fiscal year. Currency in USD.

Description

The Progressive Corporation, an insurance holding company, provides personal and commercial auto, personal residential and commercial property, business related general liability, and other specialty property-casualty insurance products and related services in the United States. It operates in three segments: Personal Lines, Commercial Lines, and Property. The Personal Lines segment writes insurance for personal autos and recreational vehicles (RV). This segment's products include personal auto insurance; and special lines products, including insurance for motorcycles, ATVs, RVs, watercrafts, snowmobiles, and related products. The Commercial Lines segment provides auto-related liability and physical damage insurance, and business-related general liability and property insurance for autos, vans, and pick-up trucks used by small businesses, as well as non-fleet taxis, black-car services, and airport taxis; tractors, trailers, and straight trucks primarily used by regional general freight and expeditor-type businesses, and long-haul operators; dump trucks used by light contractors and heavy constructions; log trucks and garbage trucks used by dirt, sand and gravel, logging, garbage/debris removal, and coal-type businesses; and tow trucks and wreckers used in towing services and gas/service station businesses. The Property segment writes residential property insurance for homeowners, other property owners, and renters, as well as offers manufactured homes, personal umbrella insurance, and primary and excess flood insurance. The company offers policy issuance and claims adjusting services; acts as an agent to homeowners, general liability, workers' compensation insurance, and other products; and reinsurance services. It sells its products through independent insurance agencies, as well as through mobile applications and over the phone. The Progressive Corporation was founded in 1937 and is headquartered in Mayfield Village, Ohio.

Corporate governance

The Progressive Corporation’s ISS governance QualityScore as of 1 July 2024 is 3. The pillar scores are Audit: 7; Board: 2; Shareholder rights: 6; Compensation: 3.

Corporate governance scores courtesy of Institutional Shareholder Services (ISS). Scores indicate decile rank relative to index or region. A decile score of 1 indicates lower governance risk, while 10 indicates higher governance risk.