PGR

The Progressive Corporation operates as one of the largest auto insurance providers in the United States, offering personal and commercial insurance products through multiple distribution channels. Headquartered in Mayfield Village, Ohio, the company was founded in 1937 and currently employs approximately 50,000 people. Progressive writes insurance for personal and commercial autos, motorcycles, boats, recreational vehicles, and homes through both independent agents and direct channels, including online and mobile platforms. The company ranks as the third-largest auto insurer in the U.S. by market share and maintains a significant presence in the commercial auto insurance sector. Progressive distinguishes itself through its usage-based insurance program, Snapshot, which allows customers to receive personalized rates based on actual driving behavior. The company operates with a direct-to-consumer model alongside traditional agent distribution, giving it broad market reach. Progressive generates annual revenues exceeding $50 billion and serves millions of policyholders nationwide. The company has expanded its product portfolio in recent years, notably growing its homeowners insurance business through partnerships and its own HomeQuote Explorer platform. Progressive invests heavily in technology and data analytics to enhance underwriting accuracy, streamline claims processing, and improve customer experience. The company maintains strong financial ratings and consistently returns capital to shareholders through dividends and share repurchases.