PGR - The Progressive Corporation

NYSE - NYSE Delayed Price. Currency in USD

The Progressive Corporation

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

SectorFinancial
IndustryProperty & Casualty Insurance
Full Time Employees31,721

Key Executives

NameTitlePayExercisedAge
Mrs. Susan Patricia GriffithChief Exec. Officer, Pres and Director2.06MN/A53
Mr. John Peter SauerlandChief Financial Officer and VP1.7MN/A53
Mr. William M. CodyChief Investment Officer1.56MN/A55
Mr. M. Jeffrey CharneyChief Marketing Officer1.24MN/A58
Mr. John A. BarbagalloPres of Commercial Lines1.25MN/A58
Amounts are as of December 31, 2016 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.

Description

The Progressive Corporation, through its subsidiaries, provides personal and commercial property-casualty insurance, and other specialty property-casualty insurance and related services primarily in the United States. Its Personal Lines segment writes insurance for personal autos, and recreational and other vehicles. This segment’s products include personal auto insurance; and special lines products, including insurance for motorcycles, ATVs, RVs, mobile homes, watercraft, and snowmobiles. The company’s Commercial Lines segment provides primary liability, physical damage, and other auto-related insurance for autos, vans, and 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; tow trucks and wreckers used in towing services and gas/service station businesses; and non-fleet taxis, black-car services, and airport taxis. Its Property segment provides residential property insurance for homeowners, other property owners, and renters, as well as offers personal umbrella insurance, and primary and excess flood insurance. The company also offers policy issuance and claims adjusting services; home, condominium, renters, and other insurance; and general liability and business owners policies, and workers’ compensation insurance, as well as sells personal auto physical damage and auto property damage liability insurance in Australia. In addition, it offers reinsurance services. The Progressive Corporation sells its products and services through independent insurance agencies, as well as directly on Internet, and mobile devices, and over the phone. The company was founded in 1937 and is headquartered in Mayfield Village, Ohio.

Corporate Governance

The Progressive Corporation’s ISS Governance QualityScore as of October 15, 2017 is 5. The pillar scores are Audit: 1; Board: 6; Shareholder Rights: 5; Compensation: 5.

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 a 10 indicates higher governance risk.