The Progressive Corporation (PGR)

161.17 -0.54 (-0.33%) At close: 04:00PM EST

The Progressive Corporation

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

Sector(s): Financial Services
Industry: Insurance - Property & Casualty
Full-time employees: 55,100

Key executives

Name	Title	Pay	Exercised	Year born
Ms. Susan Patricia Griffith	President, CEO & Director	3.25M	N/A	1964
Mr. John Peter Sauerland	VP & CFO	1.55M	N/A	1964
Mr. Patrick K. Callahan	President of Personal Lines	1.44M	N/A	1970
Mr. John Joseph Murphy	President of Claims	1.04M	N/A	1969
Ms. Karen Barone Bailo	President of Commercial Lines	1.03M	N/A	1968
Mr. Jonathan S. Bauer	Chief Investment Officer	N/A	N/A	1978
Ms. Mariann Wojtkun Marshall	VP, Chief Accounting Officer & Assistant Secretary	N/A	N/A	1962
Mr. Steven Anthony Broz	Chief Information Officer	N/A	N/A	1970
Douglas S. Constantine	Director of Investor Relations	N/A	N/A	N/A
Mr. Daniel Peter Mascaro	VP, Chief Legal Officer & Secretary	N/A	N/A	1963

Amounts are as of 31 December 2022, 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 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, garbage/debris removal, 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 manufactured homes, personal umbrella insurance, and primary and excess flood insurance. The company offers policy issuance and claims adjusting services; and acts as an agent to homeowners, general liability, workers' compensation insurance, and other products. It also provides reinsurance services. The company 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 December 2023 is 3. The pillar scores are Audit: 6; Board: 1; 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.