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4-Traders Homepage  >  Equities  >  Nyse  >  Progressive Corp    PGR

Delayed Quote. Delayed  - 12/06 10:02:33 pm
33.44 USD   +0.36%
12/02 PROGRESSIVE : Announces Annual Dividend Information
12/01 PROGRESSIVE : Names Lori Niederst Chief Human Resource Officer
11/28 PROGRESSIVE : Position of the day
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The Progressive Corporation : 'The Messenger' Has the Only Cure for Lottery Fever: Free Lottery Tickets

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03/30/2012 | 05:00pm CET

Progressive® Insurance character sends 500 tickets to local agency to distribute in Perk Plaza

Lottery fever has reached an even more frenzied pitch with news that The Messenger, featured in ads from Progressive auto insurance, sent 500 Mega Millions© tickets to local Progressive agent John Hannon of Evarts, Tremaine, Flicker Company, to give away to the people of Cleveland.

Even though he's out on the road, The Messenger didn't want to forget about Progressive's hometown of Cleveland. Earlier this morning, The Messenger randomly gave away 1,937 lottery tickets throughout New Orleans. The 1,937 tickets help mark Progressive's 75th anniversary, as a nod to the year the company was founded - 1937.

"I'm already 'saving it forward' by giving people across the country opportunities to save time and save money," said The Messenger. "Now I'm giving them a chance to live in a way most of us can only dream about. If one of those tickets holds the lucky numbers, I hope the winner also saves it forward and spreads their good fortune with others."

The Messenger has been in New Orleans for the past two days, taking the money he saved by switching his insurance to Progressive and saving it forward to people he meets. He's already bought locals their morning beignet, helped cover their tax payments, and has made "positive pullovers" that rewards drivers on the spot for their safe driving habits.

His visit to New Orleans is part of a nationwide journey, which has included stops in Tampa, Fla., Cleveland, Colorado Springs, Colo., Phoenix, Ariz., Austin, Texas, Los Angeles, Portland, Ore., and Seattle. Along the way he's filled up tanks of gas for people, paid for their parking, covered their airport baggage fees, waited in line to get their morning coffee, gave away hard-to-get concert tickets, and much more. Hundreds of people have been touched by The Messenger's random acts of savings so far, and his journey can be followed on Facebook at facebook.com/progressivemessenger.

NOTE TO EDITORS: Local Progressive agent John Hannon will be giving away lottery tickets on 3/30 at 12 noon at Perk Park, at 12th and Chester Ave in downtown Cleveland, OH. He will be available for photographs and video at that time.

About Progressive

The Progressive Group of Insurance Companies makes it easy to understand, buy, and use auto insurance. Progressive offers choices so consumers can reach us whenever, wherever, and however it's most convenient for them--online at progressive.com, by phone at 1-800-PROGRESSIVE, or in-person with a local agent.

Progressive offers insurance for personal and commercial autos and trucks, motorcycles, boats, recreational vehicles, and homes. It's the fourth largest auto insurer in the country, the largest seller of motorcycle insurance, and a leader in commercial auto insurance. Progressive also offers car insurance online in Australia at http://www.progressiveonline.com.au.

Founded in 1937, Progressive continues its long history of offering shopping tools and services that save customers time and money, like Name Your Price®, the Snapshot Discount®, and a concierge level of claims service.

The Common Shares of The Progressive Corporation, the Mayfield Village, Ohio-based holding company, trade publicly at (NYSE:PGR).

Progressive PR
Steve Kaczynski, 440-395-1008
skaczyn1@progressive.com


© Business Wire 2012
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Financials ($)
Sales 2016 23 174 M
EBIT 2016 1 321 M
Net income 2016 921 M
Debt 2016 -
Yield 2016 2,20%
P/E ratio 2016 21,68
P/E ratio 2017 16,39
Capi. / Sales 2016 0,84x
Capi. / Sales 2017 0,76x
Capitalization 19 421 M
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Mean consensus HOLD
Number of Analysts 20
Average target price 32,6 $
Spread / Average Target -2,6%
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Managers
NameTitle
Tricia Griffith President, Chief Executive Officer & Director
Glenn M. Renwick Executive Chairman
John P. Sauerland Chief Financial Officer
Steven A. Broz Chief Information Officer
Bradley T. Sheares Independent Director
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