Progressive Corporation
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| Progressive Corporation | |
|---|---|
| Company Name | Progressive |
| Company Logo | 
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| Company Type | Public NYSE: PGR) |
| Company Slogan | We Make Insurance Easy |
| Foundation | Mayfield Village, Ohio |
| Key People | Glen Renwick, CEO Peter Lewis, Chairman |
| Number of Employees | 35,000+ |
| Industry | Automobile Insurance |
| Revenue | $14.29 Billion (in 2005) |
| Homepage | www.progressive.com |
The Progressive Corporation (PGR), through its subsidiaries, provides personal automobile insurance, and other specialty property-casualty insurance and related services in the United States. The company operates in three segments: Personal Lines, Commercial Auto, and Other-indemnity. The Personal Lines segment writes insurance for private passenger automobiles and recreational vehicles through both an independent agency channel and a direct channel. The Commercial Auto segment writes primary liability and physical damage insurance for automobiles and trucks owned by small businesses primarily through the independent agency channel. The Other-indemnity segment provides professional liability insurance to community banks, principally directors, and officers liability insurance. It also provides insurance-related services, primarily providing policy issuance and claims adjusting services in ?25? states for Commercial Auto Insurance Procedures/Plans.
The company was co-founded in 1937 by Jack Green and Joseph Lewis and is headquartered in Mayfield Village, Ohio. (Source: Yahoo! Finance)
The IRV (Immediate Response Vehicle)
Progressive's IRVs are specially modified Ford Explorers and Ford Escapes.
Index Memberships
S&P 500
S&P 1500 Super Comp
