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The Progressive Corporation (PGR)

NYSE - Nasdaq Real-time price. Currency in USD
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132.51+1.25 (+0.95%)
At close: 04:00PM EST
132.62 +0.11 (+0.08%)
After hours: 06:26PM EST

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 employees49,077

Key executives

NameTitlePayExercisedYear born
Ms. Susan Patricia GriffithPres, CEO & Director4.96MN/A1964
Mr. John Peter SauerlandVP & CFO2.24MN/A1964
Ms. Remi KentChief Marketing Officer512.69kN/A1976
Mr. Patrick K. CallahanPres of Personal Lines2.05MN/A1970
Mr. Jonathan S. BauerChief Investment OfficerN/AN/A1978
Ms. Mariann Wojtkun MarshallVP, Chief Accounting Officer & Assistant Sec.N/AN/A1962
Mr. Steven Anthony BrozChief Information OfficerN/AN/A1970
Douglas S. ConstantineDirector of Investor RelationsN/AN/AN/A
Mr. Daniel Peter MascaroVP, Chief Legal Officer & Sec.N/AN/A1963
William L. Clawson IIChief HR OfficerN/AN/A1970
Amounts are as of 31 December 2021, 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, 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 primary liability and physical damage insurance, and business-related general liability and property 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 long-haul operators; dump trucks, log trucks, and garbage trucks used by dirt, sand and gravel, logging, and coal-type businesses; and tow trucks and wreckers used in towing services and gas/service station businesses; as well as non-fleet and airport taxis, and black-car services. The Property segment writes 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; and acts as an agent to homeowner general liability, workers' compensation insurance, and other products. In addition, it provides reinsurance services. The company sells its products through independent insurance agencies, as well as directly on Internet through mobile devices, and over the phone. The Progressive Corporation was founded in 1937 and is headquartered in Mayfield, Ohio.

Corporate governance

The Progressive Corporation’s ISS governance QualityScore as of 28 November 2022 is 5. The pillar scores are Audit: 6; Board: 2; Shareholder rights: 6; Compensation: 7.

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.