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Progressive
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| Type |
Public (NYSE: PGR) |
| Founded |
1965 |
| Location |
Mayfield Village, Ohio |
| Key people |
Glen Renwick, CEO
Peter Lewis, Chairman |
| Industry |
Automobile Insurance |
| Revenue |
$14.29 Billion USD (2005) |
| Employees |
+35,000 |
| Website |
www.progressive.com |
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Contents
- 1 About Progressive
- 2 The IRV (Immediate Response Vehicle)
- 3 Index Memberships
- 4 External links
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About Progressive
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: http://finance.yahoo.com/q/pr?s=PGR)
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
External links
- Progressive web site
- Yahoo! - The Progressive Corporation Company Profile
Categories: Companies listed on the New York Stock Exchange | 1965 establishments | Fortune 1000 | Insurance companies of the United States | Companies based in Ohio | Insurance companies |
Related News
Ohio Grants Job Tax Credit to Progressive Insurance for Expansion
Insurance Journal - Apr 25 10:13 PM Ohio Governor Bob Taft announced that the Ohio Tax Credit Authority has approved job creation tax credits for 10 companies involved in business location or expansion projects that, if located in Ohio
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