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PROGRESSIVE CORP (PGR)

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Business Summary
Logo Progressive Corp
Provides automobile and casualty insurance services

Progressive Corp. is an insurance holding company that offers a number of personal and commercial property-casualty insurance products primarily related to motor vehicles.

The company operates in four segments: Personal Lines, Commercial Auto, Other Indemnity and Service Businesses.

The Personal Lines segment writes insurance for personal autos and recreational vehicles.

This segment is comprised of both the agency and direct businesses.

The Commercial Auto segment writes primary liability and physical damage insurance for automobiles and trucks owned by small businesses in the business auto, for-hire transportation, contractor, for-hire specialty, and tow markets.

This segment is distributed through both the independent agency and direct channels.

The Other Indemnity segment businesses manages the company's run-off businesses, including the run-off of its professional liability insurance for community banks.

The Service Businesses segment provide insurance-related services, including processing CAIP business and serving as an agent for homeowners, general liability, and worker's compensation insurance through its programs with unaffiliated insurance companies.

Progressive was founded by Peter Benjamin Lewis in 1965 and is headquartered in Mayfield Village, OH.

Number of employees : 26 145 persons.
Sales per Businesses
20122013Delta
USD (in Million)%USD (in Million)%
Personal Lines14,36884.2%15,34284.5% +6.35%
Commercial Lines1,6499.7%1,7629.7% +6.39%
Unallocated and Other1,0306%1,0285.7% -0.18%
Service Businesses36.100.2%39.600.2% +8.84%
Other Indemnity0.9000%0.2000% -350%
Sales per Regions
20122013Delta
USD (in Million)%USD (in Million)%
United States17,084100.1%18,171100% +5.98%
Managers
NameAgeSinceTitle
Glenn M. Renwick591986Chairman, President & Chief Executive Officer
Brian C. Domeck, MBA551987Chief Financial Officer & Vice President
Raymond M. Voelker, MBA511985Chief Information Officer
Stephen R. Hardis791988Lead Independent Director
Bradley T. Sheares, PhD572003Independent Director
Charles A. Davis, MBA651996Independent Director
Patrick H. Nettles, PhD702004Independent Director
Roger N. Farah612008Independent Director
Lawton Wehle Fitt, MBA602009Independent Director
Stuart B. Burgdoerfer MBA, CPA512009Independent Director
Shareholders
NameShares%
Capital Research & Management Co. (Global Investors) 37,266,1556.32%
Brown Brothers Harriman & Co. (Investment Management) 27,931,8674.73%
The Vanguard Group, Inc. 26,322,3894.46%
SSgA Funds Management, Inc. 23,454,9733.98%
Morgan Stanley Investment Management, Inc. 23,368,7103.96%
BlackRock Fund Advisors 22,185,1203.76%
T. Rowe Price Associates, Inc. 21,957,3163.72%
Artisan Partners LP 20,843,1373.53%
Fiduciary Management, Inc. 20,438,4953.46%
Neuberger Berman LLC 16,573,7442.81%
Sector
Financials
Insurance
 Insurance
  Property & Casualty Insurance
   Insurance - Automobile
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Company contact information
Progressive Corp.
6300 Wilson Mills Road
Mayfield Village, OH 44143

Phone : +1.440.461.5000
Fax : +1.440.395.1812
Web : www.progressive.com
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