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Progressive Corp. (PGR)

24.96 Up 0.05(0.20%) 10:41AM EDT - Nasdaq Real Time Price
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Progressive Corp.
6300 Wilson Mills Road
Mayfield Village, OH 44143
United States - Map
Phone: 440-461-5000

Index Membership:N/A
Industry:Property & Casualty Insurance
Full Time Employees:26,145

Business Summary 

The Progressive Corporation, through its subsidiaries, provides personal and commercial automobile insurance, and other specialty property-casualty insurance products and related services primarily in the United States. The company’s property-casualty insurance products protect its customers against losses due to collision and physical damage to their motor vehicles, uninsured and underinsured bodily injury, and liability to others for personal injury or property damage arising out of the use of those vehicles. Its Personal Lines segment writes insurance for personal autos and recreational and other vehicles. Its products include personal autos and special lines products, including motorcycles, ATVs, RVs, mobile homes, watercraft, and snowmobiles. The company’s Commercial Auto segment provides primary liability and physical damage insurance for autos, vans, pick-up trucks, and dump trucks used by small businesses; tractors, trailers, and straight trucks primarily used by regional general freight and expeditor-type businesses and non-fleet long-haul operators; dump trucks, log trucks, and garbage trucks used by dirt, sand and gravel, logging, and coal-type businesses; and tow–tow trucks and wreckers used in towing services and gas/service station businesses. It also operates as an agent for homeowners, general liability, and workers’ compensation insurance; provides policy issuance and claims adjusting services for the commercial auto insurance procedures/plans; and sells personal auto insurance on an Internet-only basis in Australia. The company sells its products and services through independent insurance agencies, as well as directly to consumers online, on a mobile device, and over the phone. The Progressive Corporation was founded in 1937 and is headquartered in Mayfield Village, Ohio.

Key Statistics

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Corporate Governance 
Progressive Corp.’s ISS Governance QuickScore as of Aug 1, 2014 is 8. The pillar scores are Audit: 1; Board: 6; Shareholder Rights: 9; Compensation: 6.
Brought to you by Institutional Shareholder Services (ISS)

Key Executives 
Mr. Glenn M. Renwick , 59
Chairman, Chief Exec. Officer, Pres and Chairman of Exec. Committee
Mr. Brian C. Domeck , 55
Chief Financial Officer and VP
Mr. William M. Cody , 52
Chief Investment Officer
Ms. Susan Patricia Griffith , 50
Pres of Claims Group
Mr. John P. Sauerland , 50
Pres of Personal Lines Group
Amounts are as of Dec 31, 2013 and compensation values are for the last fiscal year ending on that date. Pay is salary, bonuses, etc.Exercised is the value of options exercised during the fiscal year.
Currency in USD.
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