Overview
Description
Progressive Corporation is a major American insurance provider, renowned for its innovative approach to personal and commercial insurance products. The company primarily offers automotive insurance, but its product suite extends to home insurance, renters insurance, and business-related insurance policies. Known for its direct-to-consumer sales model, Progressive has developed a strong digital presence, leveraging online tools and user-friendly applications to facilitate streamlined quote and policy management processes.
Progressive Corporation impacts sectors such as transportation, housing, and small business operations through its comprehensive coverage options, tailored to individual and commercial needs. Its competitive edge lies in technological integration and customer-centric services, including the highly popular "Name Your Price" tool which allows customers to customize their insurance packages based on affordability.
Founded in 1937 and headquartered in Mayfield Village, Ohio, Progressive is a key player in the U.S. insurance market. Its significant market share, innovation in risk management, and commitment to customer service have cemented its role as a leader in providing financial protection through reliable insurance products.
About
CEO
Ms. Susan Patricia Griffith
Employees
66308
Address
300 North Commons Blvd.
Mayfield Village, 44143, OH
United States
Mayfield Village, 44143, OH
United States
Phone
440 461 5000
Website
Instrument type
Common stock
Sector
Financial Services
Industry
Insurance - Property & Casualty
Country
United States
MIC code
XNYS