The Progressive Corporation
progressive.comWhat Do They Do?
Insures personal vehicles and homes for individuals and households, and provides commercial auto and other business coverage to small businesses and transportation operators.
10-K for FY2025, filed Mar 2, 2026The Progressive Corporation, an insurance holding company, has insurance and non-insurance subsidiaries and affiliates (references in this…View ↗
Our Personal Lines operating segment writes insurance for personal autos and special lines products (e.g., recreational vehicles, such as…View ↗
Commercial LinesView ↗
How Do They Make Money?
$87.7B
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10-K for FY2025, filed Mar 2, 2026
$87.7B ↗
Who Are Their Customers?
Personal customers can buy directly online or by phone, or through independent agents. Small businesses and transportation operators buy commercial insurance, generally through agents; transportation network company coverage is sold directly.
10-K for FY2025, filed Mar 2, 2026Our Personal Lines products are sold through both the agency and direct channels.View ↗
The agency personal vehicle business includes business written by our network of more than 40,000 independent insurance agencies located…View ↗
The direct personal vehicle business includes business written directly by us online or by phone. The total net premiums written by the…View ↗
Commercial LinesView ↗
We offer our commercial auto products in all states, excluding the District of Columbia. Our commercial auto customers insure approximately…View ↗
Do Revenues Turn Into Profits?
Yes. It kept 13 cents of every revenue dollar as net income in FY2025 and turned 20 cents into free cash flow.
How Are They Changing?
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May 12, 2026
Names Andrew J. Quigg as next CFO before current CFO retires
Andrew J. Quigg is to become CFO effective July 4, 2026, ahead of John P. Sauerland’s July 3 retirement.
Sources
8-K, filed May 12, 2026
(c) Consistent with The Progressive Corporation’s (the “Company”) Form 8-K filed on January 28, 2026, and in anticipation of John P.…View ↗
Growing. Revenue grew 84% in 4 years, from $47.7B in FY2021 to $87.7B in FY2025, about 16% a year.
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