Progressive Corp.

Progressive Corp.

Progressive Corp.

Date Founded



6300 Wilson Mills Road, Mayfield Village, OH, 44143, USA

Type of Company


Employees (Worldwide)



Insurance: Property & Casualty
Other Insurance Services
Other Business & Consulting Services
Market & Policy Research
Consumer Finance
Accounting & Financial Services

Company Description

Progressive Corp. is an insurance holding company, which engages in the provision of personal and commercial auto insurance, residential property insurance, and other specialty property-casualty insurance and related services. It operates through the following segments: Personal Lines, Commercial Lines and Property. The Personal Lines segment includes agency and direct businesses. The Commercial Lines segment writes primary liability and physical damage insurance for automobiles and trucks owned and operated predominately by small business in the auto, for-hire transportation, contractor, for-hire specialty, tow, and for-hire livery markets. The Property segment covers residential property insurance for homeowners, other property owners, and renters. The company was founded in 1965 and is headquartered in Mayfield Village, OH.

Contact Data
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Executives & Employees

Assistant Secretary, Vice President & Chief Accounting Officer

Chief Financial Officer

Chief Investment Officer

Chief Marketing Officer

Chief Information Officer

Chief Human Resource Officer

Chief Legal Officer

Claims President

President, Personal Lines Group

Board of Directors

Founding Partner at Circle Financial Group LLC

Chief Financial Officer & Executive Vice President at L Brands, Inc.

Chief Executive Officer at Stone Point Capital LLC

Former Managing Partner of Global Business Operations at Accenture Plc

Former Chief Executive Officer at Foot Locker, Inc.

Head at Association of American Universities

Former Chief Executive Officer, Mid Corporate Banking Group at JPMorgan Chase & Co.

Former President & Chief Executive Officer at Ciena Corp.

Former Chief Operating Officer & Chief Financial Officer Renaissancere Holdings Ltd at RenaissanceRe Holdings Ltd.

Global Head-Digital Channels at Standard Chartered PLC

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Progressive Corp.
Owners & Shareholders
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WMC relies on their extensive independent research and include portfolio management styles and approaches in equities, fixed income securities, currencies and commodities, as well as asset allocation across these categories. The firm has a number of different disciplines when approaching research and these include asset allocation analysts, currency analysts, data scientists, factor analysts, fixed income credit analysts, fixed income market analysts, global industry analysts and research associates, macro-analysts, quantitative analysts and technical analysts. WMC’s portfolio management teams often include dedicated analysts who evaluate securities and other instruments for suitability based on the team’s investment approach. The firm supplements their internal research with external research from sources such as broker/dealers and third-party research firms. These sources typically provide data, research and analysis and may serve as a gauge of market consensus.

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JPMIM utilizes different methods of analysis that are tailored for each of the investment strategies they offer their clients. They use different methods of analysis and investment strategies in formulating investment advice or managing assets. The firm employs global fundamental research, quantitative valuation tools and bottom-up portfolio construction methods. Research analysts evaluate the US market by sector, while globally-based portfolio managers and analysts cover the international capital markets. JPMIM integrates the skills of their research analysts with those of experienced portfolio managers and economists to leverage information and choose the most fundamentally attractive investments.

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JCM seeks to add value versus benchmarks by actively pursuing alpha generation through their own intensive fundamental research for their fundamental investment strategies. They look for companies possessing the firm’s key investment criteria through proprietary research that emphasizes contact with a company’s management team, competitors, suppliers and consumers, as well as in-depth and ongoing financial modeling. Holdings are generally selected one at a time with all other factors (industry, sector, country and cash allocations) being a residual of the investment process. JCM favors businesses that their research reveals have sustainable, above-average earnings growth potential and outstanding free cash flow generation, recurring revenue, profit margins and return on invested capital for their equity strategies. To build a mosaic of information in an effort to identify macro trends and inform allocations across fixed income sectors, the firm uses fundamental credit research.

Recent Transactions
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Progressive Corp. purchases Arx Holding Corp. from NCP Management Holdings, Inc., Flexpoint Ford LLC

Insider Transactions
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Transaction Advisors

Advised onProgressive Corp. purchases Midland Financial Group, Inc.

Advisors & Consultants

Regional Vice President, North Dallas, TX & Coppell & Fort Worth at Retirement Planners of America


Founder at ThoughtWorks, Inc.

Legal Advisor

Office Managing Partner at Baker & Hostetler LLP


Synchrony Financial engages in the provision of consumer financial services. It operates through three sales platforms: Retail Card, Payment Solutions, and CareCredit. The Retail Card platform is a provider of private label credit cards, and also provides Dual Cards and small-and medium-sized business credit products. The Payment Solutions platform is a provider of promotional financing for major consumer purchases, offering private label credit cards and instalment loans. The CareCredit platform is a provider of promotional financing to consumers for elective healthcare procedures or services, such as dental, veterinary, cosmetic, vision and audiology. The company was founded on September 12, 2003 and is headquartered in Stamford, CT.

Uber Technologies, Inc. offers a mobile application enabling users arrange and schedule transportation. The firm uses application to receive ride requests, and then sends out these requests to drivers who transport customers to their final destination. The company was founded by Oscar Salazar, Travis Kalanick and Garrett Camp in 2009 and is headquartered in San Francisco, CA.

eHealth, Inc. engages in the provision of Internet-based health insurance agency services for individuals, families, and small businesses. It operates through the following segments: Medicare and Individual, Family, and Small Business. The Medicare segment consists primarily of commissions earned from sale of Medicare-related health insurance plans. The Individual, Family, and Small Business segment includes commissions earned from the sale of individual and family and small business health insurance plans and ancillary products sold to non-Medicare-eligible customers. The company was founded by Vipool Mohanlal Patel in November 14, 1997 and is headquartered in Mountain View, CA.

Key Stats and Financials As of 2019
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Political Donations
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ARX Holding Corp. is a holding company engaged in the provision of commercial and residential property insurance services. Its business activities also include underwriting and claims services. The company was founded by Marc Fasteau on October 1, 1996 and is headquartered in St. Petersburg, FL.

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Varo Money, Inc. provides mobile banking services. The firm offers mobile banking, user interface, financial services, risk management, and design research. The company was founded by Colin Walsh, Roger Van Duinen, Assaf Guery and Mykola Klymenko in 2015 and is headquartered in San Francisco, CA.

Mattersight Corp. Other Business & Consulting Services | Chicago, IL

Mattersight Corp. provides enterprise analytics managed services. It focuses primarily on behavioral analytics with products in routing, coaching, analytics, and quality. The firm captures and analyzes customer and employee interactions, employee desktop data, and other contextual information to optimally route customers to the best available employee, improve operational performance, and predict future customer and employee outcomes through its behavioral analytics service and related services. The company was founded on May 1, 1999 and is headquartered in Chicago, IL.

International Bancshares Corp. Retail & Commercial Banking | Laredo, TX

International Bancshares Corp. is a financial holding company, which provides banking services for commercial, consumer, and international customers of South, Central, and Southeast Texas and the State of Oklahoma. It engages in the business of banking, including the acceptance of checking and savings deposits and the making of commercial, real estate, personal, home improvement, automobile and other installment and term loans. It also offers other related services, such as credit cards, travelers' checks, safety deposit, collection, notary public, escrow, drive-up and walk-up facilities and other customary banking services. The company was founded in 1979 and is headquartered in Laredo, TX.

iSelect Ltd. Other Insurance Services | Cheltenham, Australia

iSelect Ltd. engages in health, life and car insurance policy sales, mortgage brokerage, energy, broadband and financial referral services. The company operates through following three segments: Health Insurance, Life & General Insurance and Energy & Telecommunications. The Health segment offers comparison, purchase and referral services across the private health insurance category. The Life & General Insurance segment offers comparison, purchase and referral services across a range of life insurance, car insurance and other general insurance products. The Energy & Telecommunications segment offers comparison, purchase and referral services across energy and broadband. iSelect was founded by Damien Waller and David Urpani in 2000 and is headquartered in Cheltenham, Australia.

Awards & Honors
Rank #137
Fortune Magazine - Fortune 1000 Companies
Sponsored by Fortune Magazine
Rank #137
Fortune Magazine - Fortune 500 Companies
Sponsored by Fortune Magazine
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